• Dhanalakshmi Bank Fixed Deposit Rates

    Established as early as 1927 in Thrissur, Kerala, Dhanlaxmi Bank is a trusted name that has a strong branch network. The bank offers premium quality products and services, Fixed Deposits (FDs) being one among them. There are different types of Dhanlaxmi Bank fixed deposits to choose from, and these include:

    1. Dhanam Abhivridhi
    2. Surabhi Deposit
    3. Sri Dhana Chakra Deposit
    4. Cumulative Deposit Certificate
    5. Tax Advantage Deposit
    6. Senior Citizens Deposit

    Dhanlaxmi Bank FD interest rates: Below Rs.1 crore

    The following are the latest interest rates paid by the bank on domestic fixed deposits in 2020:

    Tenure bucket Regular FD rate(per annum) Senior citizen FD rate(per annum)
    7 days to 45 days 3.50% 4.00%
    46 days to 60 days 3.50% 4.00%
    61 days to 90 days 4.50% 5.00%
    91 days to 179 days 5.00% 5.50%
    180 days to less than one year 5.75% 6.25%
    1 Year and above and up to 2 years 6.25% 6.75%
    640 days 6.40% 6.90%
    Above 2 years and up to 3 years 6.25% 6.75%
    Above 3 years and up to 5 years 6.15% 6.55%
    Above 5 years and up to 10 years 6.00% 6.50%

    *The Dhanlaxmi Bank Term Deposit rates are subject to change at the discretion of the bank. The interest rates are valid as of 8 April 2020

    Highlights of Dhanlaxmi Bank FD rates

    • Highest Dhanlaxmi Bank Fixed Deposit rate: 6.40% p.a. for a tenure of 640 days
    • Range of interest rates: 3.50% p.a. to 6.40% p.a.
    • Maturities available: Above 7 days up to 10 years

    Dhanlaxmi Bank Short-Term Fixed Deposit Interest Rates

    • An interest rate of 3.50% p.a. to 5.75% p.a. will be paid for all deposits that are held for a period that is from 7 days to less than 1 year
    • The tenure of 640 days will pay the FD holder maximum returns, which is at the rate of 6.40% p.a.
    • Those who go for an FD for 91 days to 179 days, will be getting 5.00% p.a. and those who hold one for 61 days to 90 days will get 3.50% p.a.
    • The lowest paying tenure is 7 days to 60 days, where the rate applicable is 3.50% p.a.

    Dhanlaxmi Bank Medium-Term Fixed Deposit Interest Rates

    • Medium-term FDs come with a minimum investment duration of about 1 year and go up to 5 years.
    • The range for interest payment if from 6.25% p.a. to 6.40% p.a.
    • The highest interest rate paid by the bank is 6.40% p.a. for keeping a time deposit for 640 days.
    • Dhanlaxmi Bank Long-Term Fixed Deposit Interest Rates
    • The investment duration for a long-term time deposit is anything that is more than 5 years.
    • The rate of interest paid will be 6.00% p.a. for this deposit type.

    Dhanlaxmi Bank Senior Citizen Fixed Deposit Interest Rates

    • Extra interest of 0.50% p.a will be paid to all those belonging to the senior citizen slab.
    • The range at which interest is paid begins from 4.00% p.a. and goes up to 6.90% p.a.
    • The maximum returns paid for a person aged 60 and above by the bank is 6.90% p.a.
    • For a duration of above 2 years to 10 years, a pensioner will be able to earn at the rate of 6.50% p.a. to 6.75% p.a.

    Dhanlaxmi Bank Bulk Deposits: Rs.2 crore and above

    Tenure Regular FD rate(per annum)
    7 days to 45 days 3.00%
    46 days to 90 days 4.00%
    91 days to 179 days 4.50%
    180 days to less than one year 5.25%

    *The interest rates are valid as of 10 April 2020

    Dhanlaxmi NRE FD Rates: Less than Rs.2 Crore

    Tenure NRE interest rate(per annum)
    Above 1 year and up to 2 years 6.25%
    640 days 6.40%
    Above 2 years and up to 3 years 6.25%
    Above 3 years and up to 5 years 6.15%
    Above 5 years and up to 10 years 6.00%

    *The interest rates are valid as of 8 April 2020

    Dhanlaxmi FCNR deposit interest rates:

    Tenure/currency SGD CAD EUR GBP USD
    1 year to less than 2 years 1.49 1.90 0.76 1.38 1.41
    Above 2 years to less than 3 years - - 0.05 0.44 0.33
    Above 3 years to less than 4 years - - 0.05 0.44 0.34
    Above 4 years to less than 5 years - - 0.05 0.45 0.37
    Up to 5 years - - 0.05 0.46 0.41

    *The interest rates are valid as of 1 May 2020

    Dhanlaxmi RFC deposit rates

    Tenure/currency USD GBP EUR
    Above 6 months to less than 1 year 1.80 1.70 1.08
    Above 1 year to below 2 years 1.41 1.38 0.76
    Above 2 years to below 3 years 0.33 0.44 0.05
    3 years 0.34 0.44 0.05

    *The interest rates are valid as of 1 May 2020

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