DCB Bank Latest FD Interest Rates
Source: DCB Bank Website
DCB Bank hikes interest rates on FDs below Rs 2 crore. The revised rates will be effective from 1 October 2022.
The bank is currently offering FD interest rates of 4.80% to 7.10% for deposits with maturities ranging from 7 days to 120 months. The bank is offering a maximum interest rate of 7.10 percent on FDs with maturities ranging from 700 days to 36 months. For senior citizens, the highest interest rate offered is 7.60%.
Premature Closure of FD
As per the DCB Bank FAQ on Fixed Deposits, “If the deposit is withdrawn prematurely, the rate of interest prevailing on the date of deposit, for the period for which the deposit was with the bank, shall be payable. may levy penal interest on first withdrawal at such rate as may be specified by the Bank from time to time.The Bank may, at its discretion, allow premature encashment of bulk deposits subject to penal provisions.
Premature closure of non-callable deposits and tax saver fixed deposits is not permitted before the completion of the stipulated period. ,
DCB Bank Savings Account Interest Rate
The bank will now offer 2.25% interest rate on savings account balance below Rs 1 lakh and 4.00% interest rate on savings account balance between Rs 1 lakh and Rs 2 lakh. As per the DCB Bank website, henceforth interest will be paid @ 5.00% on savings account balance between Rs 2 lakh to Rs 5 lakh and at the rate of 6.00% on balance between Rs 5 lakh and less than Rs 10. Will be done. Lakh.
DCB Bank will now pay 6.75% interest on savings account balance between Rs 10 lakh and Rs 25 lakh. Savings account balance of less than Rs 2 crore will attract a maximum interest rate of 7%. Savings account will now get 5.50% interest on balances ranging from Rs 2 crore to Rs 50 crore. It is 5.00% on balance amount of Rs 50 crore and above.