Dhanlaxmi Bank FD Rates: Dhanlaxmi Bank has announced changes in its fixed deposit (FD) interest rates. According to the official website of the bank, these new rates will be effective from today, 21 April 2025. Now the bank will offer a maximum interest rate of up to 7.25% on FDs less than Rs 3 crore
Dhanlaxmi Bank’s new interest rates
- The bank will give 4.25% interest on 7 to 14 days FD.
- 4.75% interest will be given on FD of 15 to 60 days.
- The interest rate on FDs of 61 to 90 days will be 5%, while 6% interest will be given on FDs of 91 to 179 days.
- The interest rate on FDs with tenure ranging from 180 days to less than one year will be 5.25%.
- The same interest rate of 5.25% will also be applicable on 300 days, 9 months and 27 days FDs.
- The bank is now paying 6.75% interest on FDs maturing in 1 year to 2 years.
- The bank is offering the highest interest rate of 7.25% on FD of 400 days (13 months and 4 days).
- For tenures above 2 years and up to 3 years, the interest rate will be 6.5%.
- The bank will give 7% interest on FDs ranging from 3 years to 5 years.
- The interest rate on FDs from 5 years to 10 years will be 6.6%.
Senior citizens will benefit more
Dhanlaxmi Bank also said that senior citizens aged 60 years and above will get an extra interest of 0.50% per annum on all domestic FDs of 1 year or more. Established in 1927, Dhanlaxmi Bank is a private sector bank with its head office in Thrissur, Kerala. Over time, the bank has expanded its products and services.
If you are looking for an investment option with safe and attractive returns, then Dhanlaxmi Bank’s new FD rates can be a good opportunity. Especially the 7.25% interest rate on 400 days FD can entice investors.
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