• DCB Bank Fixed Deposit

    DCB Bank lets you open a fixed deposit account. The lender offers different type of FD schemes to customers. You can open a FD account for a period that ranges between 7 days and 10 years. The rate of return offered on the deposits is between 4.75% p.a. and 6.95% p.a. Senior citizens are offered additional interest of 0.50%.

    Types of DCB Bank Term Deposits

    • DCB Fixed Deposit scheme
    • DCB Suraksha FD scheme
    • DCB Tax Saver Fixed Deposit scheme
    • DCB Zippi Online FD scheme

    Features of DCB FD scheme

    • Range of FD rates: 4.75% p.a. to 6.95% p.a.
    • Tenure range: 7 days to 10 years
    • Highest Fixed Deposit rate: 6.95% p.a.
    • Frequency of interest payout: Yearly/half to yearly/quarterly/monthly
    • Minimum investment: Rs.10,000
    • Loans and overdraft facility can be availed against the FD for up to 80% of the deposit amount.
    • Deposits are automatically renewed
    • Senior citizens are entitled to receive 0.50% increase in the FD interest rates

    Features of DCB Suraksha Fixed Deposit scheme

    • Interest rates: 6.95% p.a.
    • Maturity Period: 3 years
    • The family of the account holder is entitled to the benefits of free life insurance

    Features of DCB Tax Saver FD scheme

    • Quarterly interest payout
    • Deposit range: Rs.10,000 to Rs.1.50 lakh in a financial year
    • Tax Saver FD rate: 6.95% p.a.
    • Tax exemption up to Rs.1.50 lakh as per Section 80C of the Income Tax Act, 1961
    • Tenure: 5 years

    Features of Zippi Online Fixed Deposit scheme

    • One can open or close the FD account via online banking only
    • Exclusive to new customers of DCB Bank only
    • Range of maturity period: 30 days to 60 months
    • Lower limit of investment: Rs.10,000
    • Monthly or Quarterly interest payout
    • Deposits get automatically renewed
    • Permanent Account Number (PAN) is necessary to create a Zippi Online FD account

    DCB Bank Fixed Deposit rates: Deposits of less than Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    7 days to 14 days 4.75% 5.25%
    15 days to 45 days 5.05% 5.55%
    46 days to 90 days 5.25% 5.75%
    91 days to less than 6 months 5.75% 6.25%
    6 to less than 12 months 6.35% 6.85%
    12 months 6.50% 7.00%
    12 months 1 day to less than 15 months 6.65% 7.15%
    15 months to less than 18 months 6.75% 7.25%
    18 months to les than 700 days 6.80% 7.30%
    700 days 6.90% 7.40%
    700 days to less than 36 months 6.80% 7.30%
    36 months 6.95% 7.45%
    36 months 1 day to 60 months 6.95% 7.45%
    60 months 1 day to 120 months 6.95% 7.45%

    *The DCB Bank Term Deposit rates are subject to change as per the discretion of the bank. The interest rates given in the table are effective as of 13 July 2020.

    FAQs on DCB Bank Fixed Deposit schemes

    1. What are the requirements for a senior citizen to apply for a DCB Bank FD?

      The applicant must submit a valid document as age proof viz. Aadhaar Card, PAN Card, Pension Card or Birth Certificate.

    2. What should I submit in case I do not have a PAN?

      In case you do not have a PAN, you are required to submit Form 60/61 to the bank.

    3. When is TDS applicable to an FD?

      TDS is applicable to an FD if the annual interest income of the account holder exceeds Rs.10,000. In case of senior citizens, TDS is applicable if their annual interest income is more than Rs.50,000.

    4. Can I secure a loan against Tax Saver FD?

      No, you cannot avail a loan against Tax Saver FD.

    5. What is the minimum deposit amount for a DCB Bank Fixed Deposit?

      One must invest at least Rs.10,000 to maintain a DCB Bank FD account.

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    DCB Bank Fixed Deposit Reviews

    • DCB Bank
      "Fast and convenient"
      0.5 5.0/5 "Blown Away!"
      I have set up a fixed deposit with DCB bank and the interest rate is best one with them when compared with any other bankers. Customer service is good with DCB bank and tracking of account is very easy and it easy to hold an account with them. Interest rate is compounded on annual basis.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 27, 2016
    • DCB Bank
      DCB Bank
      "Very good service provider"
      0.5 5.0/5 "Blown Away!"
      DCB bank is a very good service provider. The reason why I had taken FD from them is because they have provided the best interest rate which is 8.2% and for senior citizen is 9%. They dont have more ATM outlets and this can be improvised.,
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 14, 2015
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