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:
The following are the latest interest rates paid by the bank on domestic fixed deposits in 2019:
| Tenure bucket | Regular FD rate(per annum) | Senior citizen FD rate(per annum) |
|---|---|---|
| 7 days to 45 days | 4.00% | 4.50% |
| 46 days to 60 days | 5.00% | 5.50% |
| 61 days to 90 days | 5.00% | 5.50% |
| 91 days to 179 days | 5.50% | 6.00% |
| 180 days to less than one year | 6.50% | 7.00% |
| 1 Year and above upto & inclusive of 2 years | 6.90% | 7.40% |
| Above 2 years upto & inclusive of 3 years | 6.50% | 7.00% |
| Above 3 years upto & inclusive of 5 years | 6.50% | 7.00% |
| Above 5 years upto & inclusive of 10 years | 6.50% | 7.00% |
*The Dhanlaxmi Bank Term Deposit rates are subject to change at the discretion of the bank. The interest rates are valid as of 20 December 2019.
| Tenure | Regular FD rate(per annum) |
|---|---|
| 7 days to 45 days | 3.50% |
| 46 days to 90 days | 4.50% |
| 91 days to 179 days | 5.00% |
| 180 days to less than one year | 6.00% |
*The interest rates are valid as of 20 December 2019.
| Tenure | NRE interest rate(per annum) |
|---|---|
| Above 1 year upto & inclusive of 2 years | 6.90% |
| Above 2 years upto & inclusive of 10 years | 6.50% |
*The interest rates are valid as of 20 December 2019.
| Tenure/currency | SGD | CAD | EUR | GBP | USD |
|---|---|---|---|---|---|
| 1 year to less than 2 years | 1.91 | 2.60 | 0.16 | 1.24 | 2.24 |
| Above 2 years to less than 3 years | - | - | 0.05 | 0.78 | 1.63 |
| Above 3 years to less than 4 years | - | - | 0.05 | 0.78 | 1.57 |
| Above 4 years to less than 5 years | - | - | 0.05 | 0.80 | 1.56 |
| Up to 5 year | - | - | 0.05 | 0.81 | 1.58 |
*The interest rates are valid as of 20 December 2019.
| Tenure/currency | USD | GBP | EUR |
|---|---|---|---|
| Above 6 months to less than 1 year | 2.40 | 1.36 | 0.11 |
| Above 1 year to below 2 years | 2.24 | 1.24 | 0.16 |
| Above 2 years to below 3 years | 1.63 | 0.78 | 0.05 |
| 3 years | 1.57 | 0.78 | 0.05 |
*The interest rates are valid as of 20 December 2019.
Dhanlaxmi Bank, which is a private sector bank, offers a number of attractive services such as personal, corporate, and NRI banking services to its customers. The fixed deposits offered by the bank include attractive rates of interest. As per the recent directive by the Reserve Bank of India, Dhanlaxmi Bank has revised its interest rates.
The bank has changed interest rates for domestic and NRO term deposits. For deposits with 365 days tenure, the rate offered is 7.35%. Deposits having tenure above 1 year upto & inclusive of 2 years, and above 2 years upto & inclusive of 3 years, the interest rate applicable is 7.25%. An interest rate of 7.10% is levied on term deposits with tenures above 3 years upto & inclusive of 5 years, and above 5 years upto & inclusive of 10 years. For senior citizens an additional 0.5% rate of interest is applicable on all domestic term deposits for a period of 1 year and above. These revised rates of interest are applicable from March 10, 2016.
18 March 2016
Dhanalakshmi Bank has revised the interest rates of its products owing to the repo rate reduction and the subsequent directive by the Reserve Bank of India.
The bank offers revised interest rates on term deposits - domestic and NRO deposits - with effect from November 18, 2015. Interest rates for tenures ranging 46 -90 days and 91-179 days are offered at 6.50% and 6.75% respectively. An interest rate of 7% is offered for 180-364 days fixed deposit. Between 365 days-2 years and above 2 years inclusive of 3 years the rate of interest applicable is 7.60% for both the tenures. For the next slab of above 3 years up to 5 years and above 5 years up to 10 years, customers will get interest rate of 7.50% for short-term fixed deposits. Senior citizens can avail an additional rate of interest of 0.50% per annum for all domestic term deposits having a tenure of 1 year.
20 November 2015
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