Dhanam + and ++ Savings Account

Dhanlaxmi Bank offers a savings account that doubles up as a term deposit as well. With the benefits of both a term deposit and a savings bank account. This Dhanlaxmi Bank Savings Account offers flexible features and is convenient to operate.

Features of the Dhanam + and ++ Savings Account

Average Monthly Balance

Rs.5000 (Subsequent multiples of Rs.1000)

Eligibility

Any individual can apply for this account

Cheque Book/Certificate of deposit account

With savings bank account (For free)

Premature Closure

Flexible term deposits with interest reduction

Minimum Withdrawal by Cheque

Rs.500 (Excess amount rounded off to the nearest Rs.100)

Minimum Remittance Amount

Rs.500 (Fixed Deposit) - Excess amount rounded to the nearest Rs.100

Interest

Prevailing term deposit rates of 46 or 91 days No interest, if deposit is closed in a span of 15 days from the first investment

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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