One of the most important products offered by DCB Bank is Fixed Deposits (FDs) or Term Deposits.
|Tenure bracket||Regular FD rates (per annum)||Senior Citizens FD rates (per annum)|
|7 days to 14 days||5.40%||5.90%|
|15 days to 45 days||5.65%||6.15%|
|46 days to 90 days||6.15%||6.65%|
|91 days to 179 days||6.35%||6.85%|
|180 days to 12 months||6.85%||7.35%|
|12 months 1 day to 14 months 29 days||7.40%||7.90%|
|18 months 1 day to 23 months 29 days||7.65%||8.15%|
|24 months 1 day to 35 months 29 days||7.60%||8.10%|
|36 months 1 day to 60 months||7.65%||8.15%|
|60 months 1 day to 120 months||7.25%||7.75%|
*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 20 November 2019.
FAQs on DCB Bank Fixed Deposit schemes
The applicant must submit a valid document as age proof viz. Aadhaar Card, PAN Card, Pension Card or Birth Certificate.
In case you do not have a PAN, you are required to submit Form 60/61 to the bank.
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.
No, you cannot avail a loan against Tax Saver FD.
One must invest at least Rs.10,000 to maintain a DCB Bank FD account.
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