DCB Basic Savings Bank Deposit Account
DCB Basic Savings Bank Deposit Account offers zero balance, free ATM card, and unlimited free NEFT/RTGS. It also includes free internet/mobile banking and quarterly physical statements.
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.
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