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  • Fixed Deposit BYTES FROM OUR KITCHEN

    DCB Bank Fixed Deposit

    One of the most important products offered by DCB Bank is Fixed Deposits (FDs) or Term Deposits.

    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: 4.00% p.a. to 8.05% p.a.
    • Tenure range: 7 days to 10 years
    • Highest Fixed Deposit rate: 8.05% 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: 7.25% p.a. to 8.05% p.a.
    • Maturity Period: 3 years to 10 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
    • Tax Saver FD rate: 7.75% p.a.
    • Tax exemption up to Rs.1.50 lakh as per Section 80C of the Income Tax Act, 1961
    • Tenure: 5 years
    • No provision for premature withdrawal of FD
    • One cannot secure loans against the Tax Saver FD

    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: 14 days to 120 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 to Rs.1 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 days to 14 days

    4.00%

    4.50%

    14 days to 45 days

    4.00%

    4.50%

    46 days to 3 months

    5.00%

    5.50%

    Above 3 months to 180 days

    6.75%

    7.25%

    180 days to 1 year

    7.00%

    7.50%

    1 year

    7.00%

    7.50%

    Above 1 year to 1 year 3 months

    7.40%

    7.90%

    1 year 3 months to 2 years

    8.05%

    8.55%

    2 years

    7.50%

    8.00%

    Above 2 years to 3 years

    7.60%

    8.10%

    3 years

    8.05%

    8.55%

    Above 3 years to 5 years

    7.75%

    8.25%

    Above 5 years to 10 years

    7.25%

    8.25%

    *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 7 December 2018.

    FAQs on DCB Bank Fixed Deposit schemes

    1. What are the requirements for a senior citizen to apply for a DCB Bank FD?
    2. The applicant must submit a valid document as age proof viz. Aadhaar Card, PAN Card, Pension Card or Birth Certificate.
    3. What should I submit in case I do not have a PAN?
    4. In case you do not have a PAN, you are required to submit Form 60/61 to the bank.
    5. When is TDS applicable to an FD?
    6. 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.
    7. Can I secure a loan against Tax Saver FD?
    8. No, you cannot avail a loan against Tax Saver FD.
    9. What is the minimum deposit amount for a DCB Bank Fixed Deposit?
    10. 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 Fixed Deposit
      "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? 3
      , mumbai
      Reviewed on Jun 27, 2016
    • DCB Bank Fixed Deposit
      "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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