DCB Savings Bank Deposit Account does not require you to maintain a minimum balance and offers a free ATM card too. It gives you unlimited free usage of NEFT and RTGS facilities and free internet/mobile/phone banking as well. Physical statement of accounts is provided in addition to statements through e-mail.
Highlights:- Zero minimum balance
- Free ATM card
- Free internet facilities
Highlights
| Bank | DCB |
| Category | Basic Savings Bank Deposit Account |
| Minimum Balance Requirement | No requirement of maintaining any balance |
| Interest Rate | 4% p.a. The interest is paid every half yearly |
| Card Offered | Free ATM Card |
Services Offered by DCB Basic Savings Bank Deposit Account
| Internet Banking | Yes |
| Mobile Banking | Yes |
| Phone Banking | Yes |
| Cheque Book | Yes; Two cheque Book of 20 leaves is free in a year. |
Features of DCB Basic Savings Bank Deposit Account
The key features of the savings bank deposit account are as follows:
| ATM Usage | Unlimited free of charge usage of all DCB Bank and Visa ATMs in India (subject to maintenance of AQB of Rs 10,000) |
| Facility of Online Money Transfer | Unlimited use of RTGS / NEFT facility free of charge. |
| Any Branch Banking | Any branch banking across DCB Bank branches, free of cost |
| Joint Applicant Facility | Anyone above 18 years of age can be added as a Joint Applicant. |
| High Daily Transaction Limits | Enjoy ATM withdrawal limit of Rs 10,000 per day. |
| Annual Fee | NIL |
| ATM Transactions | Free ATM transaction at DCB and Visa ATMs. |
Fees & Charges (Standard Charges) of DCB Basic Savings Bank Deposit Account
The fees and charges applicable under this deposit type are:
| Account Opening Amount / Average Quarterly Balance(AQB) | Nil |
| ATM Related Charges | |
| Daily ATM Withdrawal Limit | Rs. 10,000 per day |
| Annual fee | Nil |
| ATM Issuance Fee | Nil |
| Card Replacement Fee | Free |
| Damaged Card | Free |
| Clearing Charges | |
| Fund Transfer within DCB Bank | No charge for unlimited transactions |
| Any Branch Banking (ABB) Clearing - Outward Clearing | No charge for unlimited transactions |
| Outstation cheque collection - DCB & HDFC Locations / Non DCB & HDFC Locations | Free |
| Remittance Related Charges | |
| Pay Orders (Local DD) | |
| Free Limit of Non-cash Transactions | Nil |
| Charges above Free Limit | Re. 1 per 1000, subject to minimum of Rs. 50 and maximum of Rs. 3,000 |
| Cash Transactions | Rs. 300 per instrument |
| Demand Drafts (Payable at DCB & HDFC Branch Locations) | |
| Non-cash Transactions (Free Limit) | Nil |
| Charges above Free Limit | Rs. 2 per 1000; subject to minimum of Rs. 50 and maximum of Rs. 5,000 |
| Cash Transactions | Rs. 300 per instrument |
| Demand Drafts (Payable at Non DCB & HDFC Branch Locations) | |
| Non-cash Transactions - Free Limit | Nil |
| Charges above Free Limit | Correspondent Bank Charges, subject to minimum of Rs.50 |
| Cash Transactions | Correspondent Bank Charges + Rs. 300 |
| Electronic Fund Transfers | |
| RTGS (Inward & Outward) | Free |
| NEFT (Inward & Outward) | Free |
| Visa Money Transfer | Rs 25 per transaction |
| Other Services | |
| Cheque Deposited & Returned Unpaid | |
| Local/Outstation | Rs. 100 per instrument |
| Cheque Issued & Returned | |
| Cheque Issued & Returned | Rs. 500 per instrument |
| ECS Returns | Rs. 500 per instrument |
| Charges for Cheques appearing in validation report for funds reasons | Free |
| Stop Payments | |
| Stop Payments | Rs. 50 per cheque leaf; Rs. 200 per series |
| Statement of Account | |
| Email (Monthly) | Free |
| Physical (Quarterly) | Free |
| Physical (Monthly) | Rs. 200 per annum |
| Duplicate Statement | Less than 1 year - Rs. 25 per page. More than 1 year = Rs. 100 per page |
| Demand Drafts / Pay order Cancellation / Revalidation & Duplicate Issuance | |
| Cancellation / Revalidation Charges | Rs. 50 per instrument |
| Issue of Duplicate Instrument | Rs. 50 per instrument |
| Verifications | |
| Signature Verification | Rs 50 per document |
| Photo Attestation | Rs. 50 per attestation |
| Penal Charges For Non-maintenance of AQB | |
| Non-Maintenance Charges | Nil |
| Account Maintenance | |
| Scheme Transfer Fees | Rs 200 |
| Account Closure | Free |
Therefore, you can get DCB’s Basic Savings Bank Deposit Account if you are looking to get a basic deposit account for minimal deposits.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
