DCB Bank Fixed Deposit

About DCB Bank Fixed Deposit

Want to join an emerging bank for your financial needs? Choose DCB Bank that serves a host of business segments ranging from retail, micro-SME, SME, mid-corporate to agriculture, commodities, PSUs, government, commercial & Co-operative banks, non-banking finance companies (NBFCs). The bank offers its services to over 4 lakh customers through 228 branches spread across 18 states and 2 union territories.

DCB Bank provides a wide range of fixed deposit schemes-DCB Fixed Deposits, DCB Tax Saver Deposit, DCB Diamond Khushiyali Deposit and DCB Zippi Online Fixed Deposit at an interest rate of 4%-8% per annum, with effective annualized yield touching 11%-12% in 5-10 years. You can check out below the interest rates on different deposit amounts and periods.

DCB Bank Fixed Deposit Rates

Interest Rates on Deposits of ₹1 Cr (w.e.f. 1st January, 2017)

Period of DepositInterest Rate Per AnnumEffective Annualized YieldInterest Rate for Senior CitizensEffective Annualized Yield
7-14 Days4.00%4.00%4.50%4.50%
15-45 Days4.00%4.00%4.50%4.50%
46-90 Days5.00%5.00%5.50%5.50%
91 Days-Below 6 Months6.25%6.25%6.75%6.75%
6 Months-Below 12 Months6.80%6.86%7.30%7.37%
12 Months-Below 18 Months7.00%7.25%7.50%7.79%
18 Months-Below 24 Months7.10%7.49% 7.60% 8.05%
24 Months-36 Months7.20%7.88% 7.70% 8.49%
Above 36 Months-60 Months7.25%8.65% 7.75% 9.36%
Above 60 Months-120 Months7.20%10.41% 7.70% 11.44%

 

Note-Penalty on premature withdrawal will be charged at 0.50%-2% below the applicable rate.

DCB Bank Fixed Deposit Schemes

DCB FIXED DEPOSIT

Minimum deposit amount- ₹10,000

Minimum deposit period-14 Days

Maximum deposit period-10 Years

Interest compounding frequency- Quarterly intervals

Automatic renewal facility available

DCB TAX SAVER FIXED DEPOSIT

Minimum deposit amount-₹10,000

Maximum deposit amount-₹1,50,000 in a financial year

Lock-in period-5 Years

You can either opt for quarterly interest compounding or interest payout at quarterly intervals

Premature withdrawal not allowed

Gains tax exemption under Section 80C of the Income Tax Act

DCB DIAMOND KHUSHIYALI DEPOSIT

Minimum deposit-Rs 500 per month and multiples of ₹1 afterwards

Assured maturity amount

Helps plan for your future expenses

DCB ZIPPI ONLINE FIXED DEPOSIT

You can book this deposit online without having to visit the branch

Chance to earn attractive returns on your funds

You can also close the account online

Scheme available for customers who do not have any existing relationship with DCB Bank

PAN mandatory to open this fixed deposit account

Documents Required

  • Filled Fixed Deposit Account Opening Form
  • Cheque
  • 2-3 Passport Size Photographs
  • Identity Proof- Passport, PAN Card, Driving License, Voter ID, Aadhaar Card, Photo Ration Card, Senior Citizen ID Card
  • Address Proof- Passport, Electricity Bill, Telephone Bill, Bank Statement, Certificate or ID Card Issued by Post Office

DCB Bank Fixed Deposit Calculator

Want to calculate the earning on your fixed deposit amount? Start using the fixed deposit calculator that will compute the sum taking into consideration the deposit amount, tenure, interest rate, interest compounding frequency. So, get assured and enjoy returns on your fixed deposit via calculator.

DCB Bank Fixed Deposit Application Form

You can access fixed deposit application form online. You just need to download the form from the website. Further, you must take a printout of the form, fill in the details and submit it along with ID & address proofs and cheque to the bank officials to process your application. Alternatively, you can visit the bank branch and do the stuff stated above.

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