Dhanlaxmi Bank Alters FD Interest Rates: Here’s What Changes From April 21

Initially founded as Dhanalakshmi Bank in 1927, Dhanlaxmi Bank is a private sector bank with its headquarters located in Thrissur, Kerala. According to the bank's official website, the bank has updated its interest rates for term deposits under Rs 3 Cr, and the new rates will take effect on April 21. After the modification, Dhanlaxmi Bank is currently offering the general public interest rates of up to 7.25%. Learn more about the latest Dhanlaxmi Bank FD rates here.

Dhanlaxmi Bank FD Rates

The bank would pay 4.25% interest on term deposits with a duration of 7-14 days, and Dhanlaxmi Bank will provide 4.75% interest on those with a tenure of 15-60 days. Interest rates offered by Dhanlaxmi Bank are 5.00% for FD tenures ranging from 61 to 90 days and 6.00% for tenures ranging from 91 to 179 days.

The interest rate on Dhanlaxmi Bank fixed deposits maturing in 180 to 300 days will now be 5.25%, while the interest rate on deposits maturing in 1 year and beyond, including 2 years, will now be 6.75%.

The bank will provide the maximum interest rate of 7.25% on term deposits of 400 days. For those with tenures longer than two years, including three years, Dhanlaxmi Bank will now offer an interest rate of 6.50%. Now, Dhanlaxmi Bank will pay interest at a rate of 7.00% for FD tenures longer than three years up to and including five years, and 6.60% for tenures longer than five years up to and including ten years.

Term Deposits-Domestic (w.e.f. 21.04.2025)	Rates of Interest (Less than Rs.3 Crore)
7 Days to 14 Days	4.25
15 Days to 45 Days	4.75
46 Days to 60 Days	4.75
61 Days to 90 Days	5
91 Days to 179 Days	6
180 Days to less than one year	5.25
300 Days (Use 9 months and 27 days while opening FD in online mode)	5.25
1 Year and above upto & inclusive of 2 years	6.75
400 Days (Use 13 months and 4 days while opening FD in online mode)	7.25
Above 2 years upto & inclusive of 3 years	6.5
Above 3 years upto & inclusive of 5 years	7
Above 5 years upto & inclusive of 10 years	6.6
Source: Bank Website

"Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic term deposits of 1 year and above," mentioned Dhanlaxmi Bank on its website.

Dhanlaxmi Bank FY25 Business Update

The bank has released its business updates for the year ended March 31, 2025. The bank's total business reached Rs 28,219 Cr in FY25 compared to Rs 24,687 Cr in the previous year, representing a growth of 14.31%. Its total deposits stood at Rs 16,013 Cr in the year ended March 31, 2025 up by 12.06% YoY from Rs 14,290 Cr in the year ended March 2024. The bank's CASA reached Rs 4,647 Cr in FY25, up by 6.07% YoY from Rs 4,381 Cr in FY24, Dhanlaxmi Bank said its gross advances were Rs 12,206 Cr in FY25, rising 17.40% YoY from Rs 10,397 Cr in the previous year.