Dhanlaxmi Bank - Fixed Deposit Interest Rates

As of August 2026, Dhanlaxmi Bank offers a highest interest rate of 7.25% p.a. for general citizens and 7.75% p.a. for senior citizens on fixed deposits.

Yes, Dhanlaxmi Bank is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.

The minimum tenure for a fixed deposit with Dhanlaxmi Bank starts from 7 Days. Longer tenures may offer higher interest rates.

Yes, Dhanlaxmi Bank offers an additional benefit of up to 0.50% p.a. over the general citizen rate for senior citizens (aged 60 and above).

Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Dhanlaxmi Bank uses an amount-based slab. Premature withdrawals of deposits below ₹5 lakh attract a 0.50% penalty, while deposits of ₹5 lakh and above attract 1%. The penalty is deducted from the rate applicable for the actual period held. Tax-saver FDs cannot be withdrawn before the 5-year lock-in.

As of August 2026, Dhanlaxmi Bank offers special FD rates for 370 days at 7% (7.5% for Seniors), 666 days at 7.1% (7.6% for Seniors), and 1111 days at 7.25% (7.75% for Seniors).