DCB Privilege Savings Account
What is DCB Privilege Savings Account?
The DCB Privilege Savings Account is a premium savings account that offers benefits like higher interest rates and exclusive services. It requires maintaining a minimum balance of Rs. 5 lakhs.
Bank | DCB |
Type of savings account | Privilege Savings Account |
Minimum balance to be maintained | Rs. 5 lakhs. This amount of balance can be maintained across the account holder’s savings account, fixed deposits, and mutual funds/insurance. It can be availed through DCB Bank, in any combination. |
Interest Rate | Not applicable |
Debit card | Offered and available |
Account USP | Immense flexibility offered |
Type of debit card issued | DCB Platinum debit card |
Services Offered by DCB Privilege Savings Account:
Relationship Manager | Dedicated relationship manager to assist you at every step |
Internet banking | Available absolutely free of cost |
Phone Banking | Available absolutely free of cost |
Mobile Banking | Available absolutely free of cost |
Cashback facility | Yes. Enjoy cashback on all POS transactions. The rate is 1.25% flat. |
Cash back limit | Maximum of Rs. 6000 annually |
Resident account | Yes |
Features of DCB Privilege Savings Account:
Usage of card at ATMs | Free and unlimited. This access is given only for every DCB Bank ATM in the country and Visa enabled across the nation |
Banking at branch | Free of cost if the banking is done at DCB branches all across. |
Transferring funds online via NEFT | Yes. Secure and quick. |
Transferring funds online via RTGS | Yes. Secure and hassle free. |
Daily ATM withdrawal limit | Rs. 1,00,000 for domestic cards. Limit is the same for international cards. |
Daily POS spend limit | Rs. 1,50,000 for domestic cards. It is the same limit for international cards. |
Fees & Charges (Standard Charges) Applicable on Privilege Savings Account:
Annual Fee | Free of cost |
Account Opening Balance or Average quarterly balance | Rs 50,0000 |
Card replacement charges | Free of cost |
Usage of ATM charges | free of cost |
Clearing charges for money transfer within DCB Bank | Free and unlimited |
Outward clearing - any branch | Free and unlimited |
Charges for cash withdrawal and balance enquiry | Free of cost |
For local cheques deposited and returned (if unpaid) | Free of cost |
For outstation cheques deposited and returned (if unpaid) | Rs 100 |
ECS returns Charges | Rs. 500 |
Issuance of loose cheque leaves | Rs. 5 for every leaf |
Charges of cheque books payable at par | Free of cost |
Daily ATM Withdrawal Limit | Rs 50,000 (domestic or International Card) |
Card Issuance Fee | Rs 250 (domestic & international debit card) |
Domestic ATM Usage Fee (DCB ATMs and Visa ATMs) | Free of charge. |
International ATM Usage Fee (Visa ATMs) | Rs 25 (International Card) |
Fund Transfer Charges within DCB Bank | Free of charge |
Cheque Deposited & Returned Unpaid (Local or Outstation Cheque) | Rs 100 |
Cheque Issued & Returned | Rs 500 |
ECS Returns | Rs 500 |
Stop Payment Charges | Free of charges |
Remittance Related Charges | |
RTGS / NEFT | Free of charge |
Free limit of non cash transactions - local Demand draft | unlimited |
Cash Transactions -local demand draft | Rs 300 every instrument |
Visa money transfer (payable at non DCB & HDFC branches) | Rs 25 |
Above free limit charges (payable at non DCB & HDFC branches) | Correspondent bank charges |
As the comprehensive table above clearly explains all the primary features and charges of DCB Privilege Savings Account. Apart from the aforementioned points, this savings account promises maximum convenience, flexibility, and returns to account holders. Customers need to maintain a minimum balance of Rs. 5 lakhs. But this balance can be maintained across his/her savings account, fixed deposits, and mutual funds/insurance, availed through DCB Bank, in any combination.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on DCB Privilege Savings Account
- How much money should be spent (minimum) every month to avail of a cash back facility in DCB CashBack Savings Account?
A minimum of Rs.800 should be spent on a monthly basis to avail yourself of a cashback facility in DCB CashBack Savings Account.
- Who can apply for a joint account at DCB?
Anyone above the age of 18 years can apply for a joint account at DCB.
- What is the full form of TRV?
The full form of TRV is Total Relationship Value.
- Can I apply for a DCB savings account online?
Yes, you can apply for a DCB savings account online.
- How many accounts are allowed to be linked under DCB Family Savings Account?
Minimum two and maximum five accounts are allowed to be linked under DCB Family Savings Account.
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