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    Overview of Dhanalakshmi Bank Fixed Deposit

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5% - 7.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.10% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Fixed Deposit BYTES FROM OUR KITCHEN

    About Dhanlaxmi Bank

    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-

    • Dhanam Abhivridhi
    • Surabhi Deposit
    • Insta Money
    • Cumulative Deposit Certificate (DCDC)
    • Tax Advantage
    • Senior Citizen’s Deposit
    • Sri Dhana Chakra Deposit

    Features of Dhanlaxmi Bank Fixed Deposits

    Following are the features of the Dhanlaxmi Bank fixed deposit account-

    • High return on investment
    • Flexible tenures
    • Option of liquidity available
    • Interest is compounded quarterly
    • Facility of nomination is available
    • Premature withdrawal charges are not applicable
    • PAN card is required

    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-

    • I.D. proof
    • Address proof
    • 1 passport size photograph
    • Signature verification
    • Age verification for senior citizens
    • PAN card / Form No. 60/61 (for those who do not have a PAN card)
    • Form No. 15G/ 15H, in case the depositor is eligible for no TDS (tax deduction at source)
    • Interest Rates of Dhanlaxmi Bank’s Fixed Deposits

    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-

    • Get a fixed deposit application form from BankBazaar
    • Confirm Dhanlaxmi Bank fixed deposit interest rates
    • Get relevant details of the Dhanlaxmi Bank fixed deposit account
    • Collect required documents for Dhanlaxmi Bank fixed deposit account
    • Complete and submit Dhanlaxmi Bank fixed deposit application form along with the documents required

    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-

    • Individuals
    • Firms
    • Corporate Bodies
    • Clubs
    • Associations

    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.

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