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Dhanlaxmi Bank was established in Thrissur, Kerala in the year 1972 by a group of young visionaries with the aim of providing customised services and maintaining personalised relationships. With its enduring vision and persistence, Dhanlaxmi Bank has managed to earn the goodwill of clients and is now one of the most trusted banks of India.
672 access points across the nation, Dhanlaxmi Bank’s registered and corporate office is located in Thrissur, Kerala. It has a health network of 280 branches and 397 ATM centres across India.
Dhanlaxmi Bank’s Fixed Deposits
Dhanlaxmi, with its rich heritage, is a trusted name and a safe haven for your investments. It has several customised fixed deposit schemes in order to meet the variant requirements of all of its customers.
Following is the list of fixed deposit schemes provided by Dhanlaxmi Bank-
Features of Dhanlaxmi Bank Fixed Deposits
Following are the features of the Dhanlaxmi Bank fixed deposit account-
What Are the Documents Required to Open a Fixed Deposit Account with Dhanlaxmi Bank?
Following are the documents that are required in order to open a Dhanlaxmi Bank fixed account-
What is the Procedure to Apply for a Dhanlaxmi Bank Fixed Deposit Account?
Following is the procedure for applying for a Dhanlaxmi Bank fixed deposit account-
Dhanlaxmi Bank Fixed Deposit Interest Rates
Dhanlaxmi Bank boasts of attractive interest rates to suit specific preferences of its client base. Dhanlaxmi Bank offers its customers with interest rates that are hard to match, which makes it the optimal choice for your vested assets.
For Domestic and NRO fixed deposit accounts, Dhanlaxmi Bank charges interest in the range of 5.00% and 8.75% for tenures of 7 days to 10 years for investments up to Rs.10 crores. For NRE fixed deposit accounts, Dhanlaxmi Bank charges interest in the range of 8.75% and 9.00% for tenures of 1 year to 10 years for investments up to Rs.10 crores.
Eligibility for opening Dhanlaxmi Bank Fixed Deposit
In order to open a fixed deposit account with Dhanlaxmi Bank, the following categories of entities are eligible-
What Is the Minimum / Maximum Duration That a Fixed Deposit Account Can Be Opened with Dhanlaxmi Bank?
A fixed deposit account with Dhanlaxmi Bank can be opened for a minimum duration of 7 days and a maximum duration of 10 years.
What is the Minimum Amount Required to Open a Fixed Deposit with Dhanlaxmi Bank?
The minimum amount required to open a Dhanlaxmi Bank fixed deposit account is ₹ 100.
Is a Dhanlaxmi Bank Fixed Deposit Account Tax Deductible?
Yes, interest earned on Dhanlaxmi Bank fixed deposit accounts is taxable as per the Income Tax rules and regulations.
Is There an Overdraft Facility Against a Dhanlaxmi Bank Fixed Deposit Account?
Yes, there is an option of availing loans against a Dhanlaxmi Bank fixed deposit account up to 90% of the amount invested in fixed deposit.
Are There Any Benefits for Senior Citizens Under the Dhanlaxmi Fixed Deposit Schemes?
Senior citizens are offered an added 0.50% on the standard rate of interest as a benefit for being an Indian citizen over the age of 60 years.