DCB Bank Fixed Deposit
Last Updated : March 28, 2017, 1:01 p.m.
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 Deposit | Interest Rate Per Annum | Effective Annualized Yield | Interest Rate for Senior Citizens | Effective Annualized Yield |
|---|---|---|---|---|
| 7-14 Days | 4.00% | 4.00% | 4.50% | 4.50% |
| 15-45 Days | 4.00% | 4.00% | 4.50% | 4.50% |
| 46-90 Days | 5.00% | 5.00% | 5.50% | 5.50% |
| 91 Days-Below 6 Months | 6.25% | 6.25% | 6.75% | 6.75% |
| 6 Months-Below 12 Months | 6.80% | 6.86% | 7.30% | 7.37% |
| 12 Months-Below 18 Months | 7.00% | 7.25% | 7.50% | 7.79% |
| 18 Months-Below 24 Months | 7.10% | 7.49% | 7.60% | 8.05% |
| 24 Months-36 Months | 7.20% | 7.88% | 7.70% | 8.49% |
| Above 36 Months-60 Months | 7.25% | 8.65% | 7.75% | 9.36% |
| Above 60 Months-120 Months | 7.20% | 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.