DCB Bank Family Savings Account
What is DCB Bank Family Savings Account?
The DCB Bank Family Savings Account is a group-based savings account that allows family members to maintain a combined Average Quarterly Balance (AQB) of ₹1,00,000. It offers an interest rate of 4% p.a., with payouts in September and March, along with a domestic and international ATM Debit Card.
Overview of DCB Bank Family Savings Account
Bank | DCB |
Category | Family Savings Account |
MinimumBalance Requirement | Average Quarterly Balance (AQB) – Rs. 1, 00, 000 at group level |
Interest Rate | 4% per annum, paid in September and March |
Card Offered | ATM Debit Card (Domestic and International) |
Services Offered with DCB Bank Family Savings Account
Internet Banking | Yes |
Mobile Banking | Yes |
Phone Banking | Yes |
Cheque Book | Yes, 25 leaves every month, free of charge. |
Features of DCB Family Savings Account
ATM Usage | Unlimited access to DCB Bank and Visa ATMs in India free of charge (on maintenance of Rs. 1, 00, 000 AQB) ) |
Online Money Transfer | Transfer money within the country securely through RTGS services, at no cost. |
Any Branch Banking | Free banking across any DCB Bank branches in India. |
Joint Applicant Facility | Any individual who is above the age of 18 years can be added as a Joint Applicant. |
High Daily Transaction Limits | Enjoy ATM withdrawal limit of Rs. 1, 00,000 and POS spending limit of Rs. 1, 50, 000 per day. |
Low Annual Fee | Rs. 150 for domestic and Rs. 199 for international cards. |
Free ATM Transactions | Enjoy up to 5 free ATM transaction at DCB and Visa ATMs. |
Fees & Charges (Standard Charges) of DCB Family Savings Account
Account Opening Amount / Average Quarterly Balance | Rs. 1, 00, 000 at group level |
ATM Related Charges | |
Daily ATM Withdrawal Limit | Rs. 1, 00, 000 (domestic and international card) |
Annual Card Fee | Rs. 150 for domestic and Rs. 199 for international debit card |
Card Replacement Fee | Rs. 150 for domestic and Rs. 199 for international (Debit Card) |
Usage at DCB ATMs | No charge |
Usage at domestic VISA ATMs | No charge |
Charge for use at VISA ATMs (Balance Inquiry) | Rs 25 (for International Debit Card) |
Charge for use at VISA ATMs (Cash Withdrawals) | Rs 125 (International Debit Card) |
Clearing Charges | |
ECS Returns | Rs 500 per instrument. |
Fund Transfer within DCB Bank Charges | Free of cost for unlimited number of transactions |
Any Branch Banking (Clearing/Outward clearing) | Free of cost for unlimited transactions |
Charges for outstation cheques deposited and returned | Rs 100 per instrument. |
Charges for local cheques deposited and returned | No charge |
Charges for cheques Issued & Returned | Rs 500 per instrument. |
Cheque Book Related Charges | |
Cheque book charges above free limit | Rs 2 for each leaf for each instance. |
Stop Payment | Rs 50 per cheque (per instance). Maximum of Rs 200 in a series. |
Loose Cheque Leaves issue | Rs 5 for each leaf for each instance. |
Remittance Related Charges | |
RTGS (Inward and Outward) | No charge |
Pay Orders (Local DD) | |
Daily limit on non-cash free transactions | None. Unlimited transactions. |
Charges for Cash Transactions | Rs 300 per instrument. |
Demand Drafts (payable at HDFC and DCB branches) | |
Non cash transactions (free limit) | Rs. 1 lakh a day |
Cash Transactions | Rs. 300 per instrument |
Charge on transactions above free limit | Rs 2 per 1000. (minimum-Rs. 50 & maximum Rs. 3, 000) |
Demand Drafts (payable at non DCB and HDFC branches) | |
Non-cash transactions (free limit) | Rs. 1 lakh a day |
Above free limit charges | Rs. 2 per 1000. (minimum- Rs. 50, maximum Rs. 5, 000) |
Cash transaction charges | Rs. 300 (for each instrument) |
Visa Money Transfer | Rs. 25 for each transaction. |
Revalidation/ Pay Order/ Demand Draft charges | Rs. 50 per instrument. |
Duplicate Demand Draft or Pay Order issue charge | Rs 50 for each instrument. |
Cash Related Charges | |
For Cash Deposit (at DCB Bank branches) | |
Free Limit | If Monthly Average Balance (MAB) is maintained, unlimited free transactions. If not, 5 free transactions per month. |
Maximum daily limit for third party | Rs 50,000 |
Transaction charges above free limit (above 5 transactions) | Rs 100 per transaction. |
Cash Withdrawal (any DCB branch) | |
Free limit | Unlimited |
3rd party maximum daily limit | Rs 50,000 |
Penal Charges | |
Non-maintenance of quarterly balance | Below Rs. 1 lakh to Rs. 50, 000- Rs. 299 Below Rs. 50, 000 to Rs. 25, 000- Rs. 399 Below Rs. 25, 000 to Rs. 10, 000- Rs. 599 Below Rs. 10, 000- Rs. 999 |
VISA ATM transaction charges | 5 free transactions. 6th transaction onwards- Rs. 18 per financial transaction; Rs. 7.50 per non-financial transaction. |
Miscellaneous | |
Duplicate statement charges | Free of cost |
Monthly/ quarterly physical statement | Free of cost |
Monthly email statement | Free of cost |
Confirmation of Balance certificate and Interest certificate | Free of cost |
Execution of standing instructions | Free of cost |
Setting up standing instructions | Free of cost |
Charges to Transfer Scheme | Rs. 199 |
Closure of Account | Closure within 30 days of first credit- Free Closure after 30 days but within 6 months of first credit- Rs. 250 Closure after 6 months- Free |
Photo attestation | Rs. 50 for each instance |
Verification of signature | Rs. 50 for each instance |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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