Dhanlaxmi Bank Ltd. is a leading private sector bank founded in 1927 at Thrissur, Kerala. The bank offers various types of savings accounts for its diverse customer base. The interest rates offered on savings accounts range from 3.00% p.a. to 4.00% p.a.
Updated On - 05 Sep 2025
The application process for Dhanlaxmi Bank savings account is simple and hassle-free. Let us take a look at the different types of savings accounts offered by Dhanlaxmi Bank.
Opening a Dhanlaxmi Bank Savings Account:
Opening a savings account with Dhanlaxmi Bank can be done in a series of simple and quick steps.
Step 2: Under the ‘Personal Banking’ tab and select ‘Savings Account’ from the drop-down menu.
Step 3: Select the type of savings account you wish to apply for.
Step 4: Click on the ‘Apply’ button.
Step 5: A new page will appear where you need to enter your basic information.
Step 6: A representative from the bank would then get in touch with you regarding the particular account.
Customers can also choose to visit a branch and fill out the new account opening form. They will have to submit the form, duly filled out, with the required documents at the branch.
Dhanam Vanitha Savings Account: Every woman can secure her financial future with the Dhanam Vanitha Savings Account. Under this account, account holders are provided with a range of facilities and features such as free internet and phone banking services, as well as a POS limit of Rs. 75,000 a day. If the account balance crosses RS. 25,000, the bank will convert the amount into Fixed Deposits, further increasing revenue from the account. All this for a monthly average balance maintenance of Rs.500.
Dhanam Preferred Savings Account: This account can be opened by individuals, trusts, societies as well in a minor's name, offers its account holders an ATM withdrawal limit of Rs.50,000 a day, along with easy access to cash through its vast branch network. As an account holder, you will be eligible for 5 free NEFT and RTGS money transfers in a month and cash withdrawals as well as deposits of up to Rs. 1,00,000 a day at non base branches.
Dhanam + and ++ Savings Accounts: With the Dhanam + and ++ account, you get the benefit of a term deposit with your savings account, making for good dividends coupled with convenience. The term deposits that are provided are flexible as well. The interest on eligible units would be paid out based on the existing term deposit rates. Account holders will also receive a free cheque book.
Dhanam Basic Savings Account: This is a no-frills, zero balance account that is aimed at providing all customers access to banking facilities like deposits and withdrawals. No minimum balance needs to be maintained and account holders will receive a debit card. This account can be opened by an individual or held jointly. However, NRIs cannot open this account.
Dhanam Basic Savings Bank Deposit Account-Small: This account is available to all customers and is a zero-balance account, making banking accessible to everyone. The account does not have any maintenance charges and holders can apply through KYC norms. This account can be opened by individuals singly and jointly by minors with a guardian only. The balance for this account cannot be above Rs. 50,000 at any point of time.
Dhanam Yuvak Savings Account: This account has been designed for youth between the ages of 18 and 35 years, to encourage them to save and secure their financial future. Account holders will have access to all premier banking facilities such as net banking, NEFT and RTGS (through net banking), phone banking, ECS charges, email alerts, and e-statements at no charge. You will also be eligible for a debit or credit card and can avail of any branch banking free of charge.
Dhanam Premium Savings Account: Enjoy the perks and privileges associated with the Dhanam Premium account, where individuals, trusts, societies, clubs and associations will be eligible for unlimited transactions at any ATMs for no charge. In addition, up to 10 free NEFT and RTGS transactions each per month.
Dhaman Privilege Savings Account: With the Dhanam Privilege account, account holders can make withdrawals of up to Rs.50,000 and enjoy a POS limit of Rs.1,00,000 per day. Fund transfers through NEFT and RTGS are also free of cost, and holders receive a personalised cheque book every quarter at no charge.
Smart Salary Savings Account: Targeted at salaried employees, this account provides them with benefits like 2 free pay orders and 5 free NEFT and RTGS services from the branch per month. All this without having to maintain an average monthly balance. Holders can also avail of a debit card and make unlimited non-cash transactions at any bank.
Regular Savings Account: Easy access and quality service is provided to account holders through the bank's pan-India branches. Account holders will enjoy doorstep banking facility and free non-cash transactions at any bank.
The Dhanam Genius Scheme was launched to raise awareness amongst parents to save for the future of their child, be it for their education, marriage, etc.
Eligibility criteria for the Dhanam Genius Scheme:
Parents and guardians opening a Dhanam Genius account on behalf of their child should be residents of India.
Parents or guardians can open a Dhanam Genius for their child who is between the ages of 10 years to 23 years.
Features of the Dhanam Genius Scheme:
The minimum balance that has to be maintained in a Dhanam Genius savings account is Rs.500.
Parents can opt for the sweep in/out facility. To carry out a sweep in/out, the minimum balance of the week should be Rs.5,000.
To facilitate the automatic sweep in/out facility into a fixed deposit, which has a maximum tenure of 30 days, a minimum balance of Rs.1,000 has to be maintained in the account.
A one-time charge of Rs.200 is charged for a personalised ATM card, which comes with one's passport photograph.
After that, there is no annual maintenance charge for one's ATM debit card.
Customers are allowed two free RTGS or NEFT transfers a month.
Two free Demand Drafts and POS per month are free as well.
Minimum Balance Requirements for Dhanlaxmi Bank Savings Accounts:
Given below are the minimum balance amounts for the Savings Accounts offered by Dhanlaxmi Bank.
Savings Account
Minimum Balance requirement (monthly)
Dhanam Vanitha
Rs.500
Dhanam Genius
Rs.500
Dhanam Preferred
Rs.5,000
Dhanam + and ++
Rs.5,000
DHanam Basic Savings
Nil
Dhanam Basic Savings Bank Deposit Account-Small
Nil
Dhanam Yuvak
Rs.1,000
Dhanam Premium
Rs.10,000
Dhanam Privilege
Rs.25,000
Smart Salary Savings Account
Nil
Regular Savings Account
Rs.1,000
Eligibility Criteria for Dhanlaxmi Bank Savings Accounts:
Indian citizens can apply for Dhanlaxmi Bank Savings Accounts, including NRIs, unless specifically stated. The savings accounts have an eligibility conditions as listed below, unless specified otherwise:
Individuals above the age of 18 (singly or joint accounts)
Can I check my savings account balance in Dhanlaxmi Bank through a missed call?
Yes, you can check your savings account balance in Dhanlaxmi Bank by giving a missed call to +91-80-67747700.
What is the name of the mobile banking app for Dhanlaxmi Bank?
The mobile banking app for Dhanlaxmi Bank is called DhanSmart.
What if I lose my Dhanlaxmi Bank debit card?
In the event that your Dhanlaxmi Bank debit card or ATM is lost or stolen, you should get in touch with customer service right away by calling +91-044 42413000 or writing to the bank at customercare@dhanbank.co.in to report unauthorised transactions.
Can I add a nominee to my Dhanlaxmi Bank savings account?
Yes, you can add a nominee to your Dhanlaxmi Bank savings account.
What is the interest rate offered on a Dhanlaxmi Bank savings account?
The interest rates offered on a Dhanlaxmi Bank savings account range from 3.00% p.a. to 4.00% p.a.
What is the minimum balance required for a Regular Savings Account offered by Dhanlaxmi Bank?
The minimum balance required for a Regular Savings Account offered by Dhanlaxmi Bank is Rs.1,000.
Do I have to pay any charges to download my Dhanlaxmi Bank account statement?
No, you do not have to pay any charges to download your Dhanlaxmi Bank account statement.
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