DCB Bank offers various fixed deposit schemes to its customers including FD schemes for regular citizens and senior citizens at higher interest rates for tenure ranging from a minimum of 7 days to a maximum of 10 years. Customers can open DCB Bank Fixed Deposit account with a minimum deposit amount of Rs. 10,000. Following are the DCB Bank FD rates across tenure options.
Table of Contents
DCB Bank FD Interest Rates | ||
| Tenure | Regular Citizens | Senior Citizens |
| 7 days to 14 days | 4.35% | 4.85% |
| 15 days to 45 days | 4.35% | 4.85% |
| 46 days to 90 days | 4.35% | 4.85% |
| 91 days to less than 6 months | 5.05% | 5.55% |
| 6 months to less than 12 months | 5.45% | 5.95% |
| 12 months to less than 15 months | 5.30% | 5.80% |
| 15 months to less than 18 months | 5.50% | 6.00% |
| 18 months to less than 700 days | 5.50% | 6.00% |
| 700 days | 5.95% | 6.45% |
| More than 700 days to less than 36 months | 5.50% | 6.00% |
| 36 months | 5.95% | 6.45% |
| More than 36 months to 120 months | 5.95% | 6.45% |
Note – *Rates w.e.f. 17th August 2021. The above-mentioned interest rates are also applicable to NRO deposits. But no additional benefit is extended to senior citizens on NRO deposits.
NRE (Non-Resident External) Fixed Deposit Interest Rates
DCB Bank NRE FD Rates | |
| Tenure | Rates |
| 12 months to less than 15 months | 5.8% |
| 15 months to less than 18 months | 6% |
| 18 months to less than 700 days | 6% |
| 700 days | 6.4% |
| More than 700 days to less than 36 months | 6% |
| 36 months to 120 months | 6.5% |
Note: *Rates w.e.f. 15th May 2021.
1. DCB Bank Fixed Deposit Scheme
| Features & Benefits of DCB Bank Fixed Deposit Scheme |
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Eligibility Criteria –
2. DCB Bank Suraksha Fixed Deposit Scheme
| Features & Benefits of DCB Bank Suraksha Fixed Deposit Scheme |
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3. DCB Bank Tax Saver Fixed Deposit Scheme
| Features & Benefits of DCB Bank Tax Saver Fixed Deposit Scheme |
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Eligibility Criteria –
4. DCB Bank Diamond Khushiyali Deposit Scheme
| Features & Benefits of DCB Bank Diamond Khushiyali Deposit Scheme |
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Eligibility Criteria –
5. DCB Bank Zippi Online Fixed Deposit Scheme
| Features & Benefits of DCB Bank Zippi Online Fixed Deposit Scheme |
|
Eligibility Criteria –
All resident individuals over and above 18 years of age are allowed to open DCB Zippi Online Fixed Deposit account.
6. DCB Health Plus Fixed Deposit
| Features & Benefits of DCB Bank Health Plus FD |
|
Eligibility Criteria –
All Resident individuals; 18 years to less than 71 years old
DCB Bank provides its customers with the facility of Loan against fixed deposit at up to 80% at attractive interest rates. This helps customers get secured loan without having to liquidate their FD and loose on interest.
Premature withdrawal facility means that the depositor is can withdraw the fixed deposit amount before the deposit tenure. Fixed Deposit is classified into two types:
However, individuals with DCB Bank FD account need to pay penalty on premature withdrawal as mentioned in the table given below:
| Penalty for Premature Closure of Resident Deposits | |||
| Amount | 7 – 13 days | 14 – 29 days | 30 days & above |
| Less than Rs. 2 crore | No Interest | 0.50% less than the applicable rate | 0.50% less than the applicable rate |
| Rs. 2 crore and above | No Interest | No Interest | 2% less than the applicable rate |
Investors can check the maturity amount of the scheme by using the DCB Bank FD Interest Rate Calculator at Paisabazaar. Also, DCB Bank FD Interest rates differ for different tenures. So the investors can also decide a preferred tenure of investment by entering different rates and calculating their total earning. In case of reinvestment schemes, investors can check the interest and the maturity amount by using the compound interest calculator.
Customers can visit the nearest DCB Bank branch and contact the officials for DCB Bank FD rates of schemes above Rs. 2 crore.
The below documents can be submitted as a valid address proof:
The below documents can be submitted as valid identity proof:
There are various ways for an existing DCB Bank customer to open a fixed deposit account with us like visiting a branch, contacting 24-hour customer care or through DCB Personal Internet Banking. However, the DCB Zippi Online Fixed Deposit platform is available only to customers who don’t have an existing relationship with the bank.
Q. Is TDS applicable on DCB Bank Tax-Saver FD?
A. Tax is deducted at source, from the interest on Tax-Saver Fixed Deposit, as applicable, as per the Income Tax Act, 1961.
Q. Can an account holder prematurely close his/her fixed deposit account?
A. Yes, an account holder can prematurely close his/her fixed deposit account and will be charged penal interest as mentioned above.
Q. What is the minimum deposit amount for DCB Bank Fixed Deposit?
A. The minimum deposit amount for DCB Bank Fixed Deposit is Rs. 10,000.
Q. Can an account holder obtain a loan against his/her Tax-Saver FD?
A. No, as per the rules of the government an account holder cannot obtain a loan against his/her Tax-Saver FD.
Q. What documents are required to open a senior citizen regular fixed deposit?
A. The following documents can be accepted as valid proof of age for this purpose:
