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%.
|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 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 to less than 36 months||6.80%||7.30%|
|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.
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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