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Dhan Laxmi Fixed Deposit Interest Rates

FD Interest Rate in Dhan Laxmi Bank 2022

Last Updated 11th Jan 2022

When it comes to the FD interest rate, the highest rate offered on Dhan Laxmi Bank FD is 5.60%. Latest Dhan Laxmi Bank FD interest rate for senior citizens, on the other hand, ranges between 3.75% to 6.10%.You can earn up to ₹ 28,000 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.25% 3.75%
46 days to 90 days 3.75% 4.25%
91 days to 179 days 4.00% 4.50%
180 days to 364 days 4.25% 4.75%
Earn upto 7.05% on FD APPLY NOW

Dhan Laxmi Fixed Deposit Features

Dhan Laxmi Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of Dhan Laxmi Bank Fixed Deposit are:

  • Deposit Amount : Dhan Laxmi Bank FD can be opened with an amount as a low to up to No Limit.
  • FD Tenure : Ranges between 7 days to 10 years.
  • Interest Rate Range : 3.25% p.a. to 5.60% p.a.
  • Senior Citizens FD Rate : 3.75% p.a to 6.10% p.a.
  • Highest Interest Rate : As per today’s rate, Dhan Laxmi Bank’s highest interest rate on FD is 5.60% offered for a tenure of 10 years.
  • Safety of Dhan Laxmi Bank Deposits : Dhan Laxmi Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : Dhan Laxmi Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Standard Fixed Deposit

Dhan Laxmi Bank FD Interest Rates Today

Interest rates on Dhan Laxmi Bank deposits are updated regularly by the Government of India. The following are updated Dhan Laxmi Bank FD interest rates 2022:

Tenure Interest Rate
7 days to 14 days 3.25%
15 days to 45 days 3.25%
46 days to 90 days 3.75%
91 days to 179 days 4.00%
180 days to 364 days 4.25%
640 days 5.30%
1 year to 2 years 5.15%
2 years 1 day to 3 years 5.40%
3 years 1 day to 5 years 5.50%
5 years 1 day to 10 years 5.60%

Dhan Laxmi Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, Dhan Laxmi Bank offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in Dhan Laxmi Bank 2022 are as follows:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.75%
15 days to 45 days 3.75%
46 days to 90 days 4.25%
91 days to 179 days 4.50%
180 days to 364 days 4.75%
640 days 5.80%
1 year to 2 years 5.65%
2 years 1 day to 3 years 5.90%
3 years 1 day to 5 years 6.00%
5 years 1 day to 10 years 6.10%

Dhan Laxmi Bank Fixed Deposit Rates – Premature Withdrawal

You can close your Dhan Laxmi Bank FD account prematurely, however Dhan Laxmi Bank charges a penalty of 1% for deposits above Rs. 5 lakh and 0.5% for deposits below Rs. 5 lakh for premature withdrawal. Also, The penal provisions for premature closure on Dhan Laxmi Bank FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on Dhan Laxmi Bank FD

Dhan Laxmi Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an Dhan Laxmi Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

Dhan Laxmi Bank Fixed Deposit Scheme

Standard Fixed Deposit


  • Fixed deposits of Dhan Laxmi Bank offers lucrative interest rates coupled with safety and flexible payout options. It is a low-risk investment with moderate returns. Further, moderate returns ensure that it beats inflation. The lumpsum amount after the stipulated time makes it a viable Bank to bank on.
  • Minimum amount of deposit: Rs.100
  • Tenure: 7 days to 10 years
  • No limit on maximum deposit amount
  • No limit on maximum deposit amount

Who is eligible?

  • Resident Individuals, HUFs and Minors.

Earn upto ₹ 28,000 Per Lakh on Dhan Laxmi Bank Fixed Deposit?

To earn ₹ 28,000 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 5.60%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 28,000
  • FD Maturity Amount - ₹ 1,28,000

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

Documents Required to Open Fixed Deposit Account in Dhan Laxmi Bank

  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

FD Account Opening Process at Dhan Laxmi Bank

To open an Dhan Laxmi Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Dhan Laxmi Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the Dhan Laxmi Bank FD after reading the terms and conditions.

Loan Against Fixed Deposit Dhan Laxmi Bank

Dhan Laxmi Bank offers loans up to 0% against its own deposit. Note that Dhan Laxmi Bank will not give you loan against FD of any other bank. Dhan Laxmi Bank offers Loan against FD at the rate of 4.25% to 6.6%


What is the highest fixed deposit interest rate for Dhan Laxmi Bank?

You can earn a maximum interest of 5.60% on Dhan Laxmi Bank fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of Dhan Laxmi Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 3.25% to 5.60%. Compared to this, Dhan Laxmi Bank senior citizens FD are in the range of 3.75% to 6.10%.

What are the current Dhan Laxmi Bank FD interest rates 2022?

Current interest for FD in Dhan Laxmi Bank ranges between 3.25% - 5.60%. for different tenure.The highest rate is offered on a tenure 6.10 months/years. For senior citizens the interest rates ranges bweteen 3.75% - 6.10%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Dhan Laxmi Bank?

The minimum deposit amount required to book an FD with Dhan Laxmi Bank is and there is no limit for maximum amount.

Did Dhan Laxmi Bank increase FD rates in 2022?

No, Dhan Laxmi Bank has reduced its Fixed Deposit rates by upto 0.25%. The best rate on Dhan Laxmi Bank FD has been cut to 5.60% from 5.85% earlier. The fixed deposit rates of Dhan Laxmi Bank are now in the range of 3.25% to 5.60% with effect from 25 Aug, 2021.

Is it possible to change the tenure of my existing fixed deposit account with Dhan Laxmi Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with Dhan Laxmi Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in Dhan Laxmi Bank?

Yes, you can submit your application for opening an FD account on the website of Dhan Laxmi Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in Dhan Laxmi Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 5.60%. For Dhan Laxmi Bank FD the number of years in which your FD will get doubled is; 72/5.60 = 13

What is the interest of 1 lakh in the Dhan Laxmi Bank?

The interest on Dhan Laxmi Bank fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 5.60% for tenure and banks offer senior citizens little more, which is 6.10%.

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Dhan Laxmi News - Jan 2022
  • 2021-08-26 : Dhan Laxmi Bank revise fixed deposit rates
    Private sector bank- Dhan Laxmi Bank has slashed fixed deposit interest rates on different tenures. For deposits of less than Rs 2 crore, the bank is offering a 3.25% interest rate for the tenure of 7 to 45 days. For fixed deposits maturing in 180 days to less than one year, 1 Year and above up to & inclusive of 2 years have an interest rate of 4.25%, 5.15%, respectively.
  • 2021-06-03 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
    Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter.
  • 2020-03-04 : New FD rates for Dhan Laxmi Bank
    Dhan Laxmi Bank revised its FD rates with effect from 1 March 2020. The FD rate for 7 to 45 days is 4%, for 46 to 90 days it is 5% and it is 5.50% for 91 to 179 days. The Fixed deposit rate for 180 days to less than one year is 6.15% and for one year to and upto two years is 6.90%. In addition to this, the fixed deposit rate for above two years upto and inclusive of 10 years is 6.50%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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