Dhanlaxmi Bank India

Dhanlakshmi Bank Ltd is headquartered in Thrissur, and is a completely private sector bank. The bank functions under the guidance of Mr. Amitabh Chaturvedi, the CEO of the bank, and the Chairman Mr. G.N. Bajpai.


The bank operates mainly in the southern states of India that include Karnataka, Tamil Nadu, Kerala and Andhra Pradesh. Initially, the bank kicked off with an investment of just Rs. 11, 000. In 1977, the bank achieved the Scheduled Commercial Bank status.


The bank has shown remarkable performance over the past decade and has received the approval from RBI, the highest financial body in India. Dhanlakshmi Bank has launched 380 ATMs and 66 branches all around the country, till date. The bank has plans to expand on a large scale with newer branches and innovative financial solutions.


The main objective of Dhanlakshmi Bank Ltd India is to be highly innovative and strong with social responsibility and integrity, so as to maximize the employee and customer satisfaction, as well the satisfaction of their investors and shareholders.


Name of the bank was then changed to ‘Dhanlaxmi’ Bank from Dhanalakshmi Bank, and the bank now has a new corporate identity, though it still maintains the core values of its heritage.


Services and Facilities


The bank offers a host of facilities to its customers that make banking easier and shopping fun. The services and facilities of Dhanlakshmi Bank are stated below –


  1. Personal banking- Dhanlakshmi Bank Ltd India offers savings and current accounts, lockers, loans, forex services and depository services.

  2. Corporate banking includes cash management, salary account, and credit, trade, and forex services.

  3. Their NRI banking services include money transfer, accounts and deposits, investment services and home loans for non-residential Indians.

  4. Microfinance services include Dhanam Kissan Card, Dhanam Kissan Vahana, Micro Credit-MFI, Agri Gold Loan and Micro Credit services.


Dhanlaxmi Bank Loans


Dhanlakshmi bank offers different loans to aid individuals and companies pursue their dreams and achieve their goals. The loans offered are housing loans, personal loans, vehicle loans and educational loans.


  1. Housing Loans: Housing loans up to Rs. 25 lakh can be obtained, with tenures ranging between 5 to 10 years. The rate of interest depends upon the loan amount you are granted; base interest rate for minimum amount is 1.25 percent more than RBI’s base rates. For loan amounts exceeding the Rs. 25 lakh mark, interest rates are 1.75 percent higher that RBI rates, and 2% more than base RBI rates for loan amounts over Rs. 27 lakhs.


Personal Loans


Personal loans can be availed by salaried as well as self-employed professionals. Loan amounts can be anywhere from Rs. 1 lakh to Rs. 15 lakh. The rate of interest varies from 16 to 18 percent for salaried professionals, and processing charges of 2.5 percent of the total loan amount are levied by Dhanlakshmi Bank Ltd India.


For self-employed professionals, the rate of interest is set to 20 percent; processing charges of 2.5 percent of loan amount and services taxes are levied by the bank.


Vehicle Loans


Dhanlakshmi Bank Ltd India provides car loans for new and used cars. The rate of interest for a new car for loan amounts up to Rs. 3 lakh is set to 15 percent, and for loans more than 10 lakh, the rate of interest is 14 percent.


Processing charges for new cars will be from Rs. 3000 to Rs. 6500, depending upon the amount, and processing charges for used cars vary from Rs. 4000 to Rs. 5750, depending upon the loan amount.


Educational Loans


Education loans of Rs. 4 lakh to Rs. 20 lakh can be availed, with the base rate of interest fixed at 6.75 percent. Processing charges for educational loans availed for studies in India is zero, and Rs. 1000 for studying abroad.


Debit Cards


Dhanlakshmi Bank offers debit cards in association with Visa International. These cards are accepted in all merchant establishments and ATM centers.


Credit Cards


Dhanlaxmi Bank has been offering Gold and Platinum Credit cards to its customers since March 2010. Customers get to enjoy 45 day interest free credit period for repayment. In the year 2010, the bank introduced ‘Pay by Transaction’ mode for online bill payments, making things easier for its customers.


Currently, Dhanlakshmi Bank Ltd is one of the upcoming banking and financial institutions in India, and with the pace of growth it displays, the day isn’t far when it be one of the biggest banks in the country.


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