DCB Bank is a prominent private sector bank in the country catering to customers in retail, SME, mid-corporate and government sectors. Through more than 440 dedicated branches across the country, the bank has served over 1 million customers to date. It has built new-age technological infrastructures to enhance the banking experiences of its customers.
Along with a wide range of banking solutions, DCB Bank offers a lucrative interest rate on their fixed deposits. Read to know more about the DCB Bank FD rates and other key features for 2023.
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | No upper limit specified |
| Minimum Tenure | 7 days |
| Maximum Tenure | 10 years |
| Interest Rates | 3.75% to 8.5% per annum (including senior citizens) for amounts less than ₹2 crores |
| Lock-in Period | 5 years lock-in for tax-saver FDs |
| Senior Citizens | 4.25% to 8.5% p.a. for amounts less than ₹2 crores |
| General Citizens | 3.75% to 7.75% p.a. for amounts less than ₹2 crores |
DCB Bank FD Interest Rates 2024
| Tenure | General Citizen | Senior Citizen |
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Features and Benefits of DCB Bank Fixed Deposit
Apart from attractive DCB FD rates, the bank offers certain additional benefits on its fixed deposits. Here are some of the features and benefits of DCB Bank FDs:
- You can easily avail overdraft facility against your DCB Bank fixed deposit.
- Get rid of manual reinvesting of FDs by opting for the auto-renewal feature.
- You can get your deposits covered under DICGC up to a maximum amount of ₹5 lakhs.
- Senior citizens can get an additional 0.5% p.a. FD rates from DCB Bank.
- Get the convenience of opening a fixed deposit and managing it right from the comfort of your home by opting for a DCB Bank Zippi fixed deposit.
- A nomination facility is available.
How to Book DCB Bank FD?
You can avail of a DCB Bank fixed deposit both online or by physically visiting the bank branch.
Online
You can book higher DCB Bank FD rates by opening a DCB Bank Zippi fixed deposit online. The following are the steps that you can follow to open a fixed deposit account:
- Step 1: Navigate to the online portal of DCB Bank and click on ‘Zippi Online Fixed Deposit’ on the homepage.
- Step 2: Fill up some of the basic details like your name, contact number, email ID, and DOB and click to open a new FD account.
- Step 3: After an application form appears, fill it up carefully and submit it.
- Step 4: Then, you will have to transfer funds through the payment gateway; there are multiple options like NEFT, RTGS, etc.
- Step 5: Complete your video KYC using your Aadhaar and PAN card details.
- Step 6: Now, you have successfully booked your fixed deposit with DCB Bank.
Offline
The following steps guide you to physically open a DCB bank fixed deposit account by visiting your nearest DCB bank branch.
- Step 1: Visit your nearest DCB Bank branch along with all the necessary documents.
- Step 2: Ask for a DCB Bank fixed deposit account opening form and fill it up carefully.
- Step 3: You can always take assistance from the bank executives in case you face any difficulties. Attach the form along with the required documents and submit them.
- Step 4: Once the banker processes your application, they will provide you with a receipt for the deposit made. Now, you have booked your FD with DCB Bank.
Documents Required to Book DCB Bank FD
These are the following are the documents required while applying for a DCB bank fixed deposit scheme:
- DCB Bank fixed deposit account opening form
- PAN card
- Proof of address – Passport, Voter ID card, Municipal tax receipts, Utility bills.
- Proof of identity – Passport, Driving license, Aadhaar card, Voter ID card.
- Proof of Age – Birth certificate, graduation or school passing certificate, LIC policy
- Bank account details – account number, IFSC code, and branch name.
- Passport-sized photograph of depositor
Eligibility to Open DCB Bank FD
Here are some of the eligibility criteria for DCB Bank fixed deposits:
- Applicant type: Resident individuals, Hindu Undivided Families, Partnership firms, Public and private companies.
- Age (in case of individual applicants): The applicant’s age must be of minimum 18 years. Minors are also allowed to be account holders under the supervision of their guardians.
Types of DCB Bank FD Schemes
Listed below are the types of fixed deposit schemes offered by the DCB Bank:
1. DCB Bank Retail Fixed Deposits
You can earn attractive FD interest rates by investing in DCB Retail FDs for a minimum of ₹10,000. There are several other benefits like quarterly compounding through reinvestment of both principal and interest, auto-renewal and overdraft facilities.
- Minimum Deposit: ₹10,000
- Maximum Deposit: Less than ₹2 crores
- Interest Rate: 3.75% to 8.5% p.a. (including senior citizens)
- Tenure: 7 days to 10 years
- Eligibility: Indian residents
2. DCB Bank Bulk FD Callable
It is similar to a regular fixed deposit in terms of its benefits and features, with only a difference in the rate of interest. The Interest rates are comparatively higher than retail FD rates as the minimum amount of investment is ₹2 crores.
- Minimum Deposit: ₹2 crores
- Maximum Deposit: No upper limit
- Interest Rate: 3% to 7.95% per annum
- Tenure: 7 days to 10 years
- Eligibility: Indian residents
3. DCB Bank Bulk FD Non-callable
This is a bulk fixed deposit scheme which starts from a minimum investment amount of ₹2 crores, and no premature withdrawals are allowed within the tenure of the scheme.
- Minimum Deposit: ₹2 crores
- Maximum Deposit: No upper limit specified
- Interest Rate: 6.65% to 8.2% per annum
- Tenure: 7 days to 10 years
- Eligibility: Indian residents
4. DCB Bank Retail Fixed Deposits Non-callable
A non-callable retail deposit is almost similar to a regular one, just that you cannot make premature withdrawals within the tenure of the deposit.
- Minimum Deposit: ₹25 lakhs
- Maximum Deposit: less than ₹2 crores
- Interest Rate: 7.75% to 8.3% p.a.
- Tenure: 12 to 36 months
- Eligibility: Indian residents
5. DCB Bank Suraksha Fixed Deposit
DCB Suraksha fixed deposit not only allows you to earn an attractive rate of interest but also provides the benefits of life insurance for the entire family. The maximum life insurance coverage provided in this scheme is ₹10 lakhs.
- Minimum Deposit: ₹10,000
- Maximum Deposit: No upper limit
- Interest Rate: 3.75% to 8 % p.a.
- Eligibility: Indian residents for age between 18 to 55 years
- Tenure: 36 months
6. DCB Bank Tax Saver Fixed Deposits
You can invest in a DCB Tax saver FD to avail an additional tax deduction of up to ₹1.5 lakhs under Section 80 C of the Income Tax Act. It comes with a lock-in period of 5 years; however, you cannot pledge this deposit to avail an overdraft.
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹1.5 lakhs
- Interest Rate: 7.75% to 8.25% p.a. (including senior citizens)
- Tenure: 5 years lock-in
- Eligibility: Indian residents
- Taxability: Tax deduction of up to ₹1.5 lakhs under Section 80C
7. DCB Bank Zippi Online Fixed Deposits
With a DCB Bank Zippi FD, you can enjoy the convenience of opening an FD account online with DCB Bank from the comfort of your home. In this type of account, you must complete a video KYC to avail of the full-fledged extended features.
- Minimum Deposit: ₹10,000
- Maximum Deposit: ₹50 lakhs
- Interest Rate: 3.75% to 8.5% p.a. (including senior citizens)
- Eligibility: Indian residents (minors are not eligible)
- Tenure: 14 days to 10 years (KYC required to be completed)
- Taxability: TDS applicable
8. DCB Bank Health Plus Fixed Deposit
DCB Bank offers a special type of fixed deposit with medical benefits and attractive interest rates. The ICICI Lombard Group provides these medical benefits Take Care Insurance Plan. You can hold up to 4 of these accounts as a primary account holder.
- Minimum Deposit: ₹10,000
- Maximum Deposit: No upper limit specified
- Interest Rate: 7.75% p.a. for the general public and 8.25% p.a. for senior citizens
- Eligibility: Indian residents of age between 18 to 70 years
- Tenure: Fixed tenure of 700 days
9. DCB Bank NRI Suraksha Fixed Deposit
As an NRI, you can not only earn attractive DCB Bank FD rates but also avail of life insurance coverage free of cost from this fixed deposit. It can be available under all sorts of NRI accounts like NRE, NRO and FCNR (B) deposits.
- Minimum Deposit: ₹10,000
- Maximum Deposit: No upper limit specified
- Interest Rate: 3.75% to 8 % p.a.
- Eligibility: Non-resident individuals of age between 18 to 55 years
- Tenure: 36 months
10. DCB Bank NRO Fixed Deposits
Being an NRI, you may generate INR income in India while staying outside the country. In such a scenario, you can save your Indian income in an NRO account; moreover, with an NRO FD, you can earn relatively high rates of interest. These incomes can be rental income, dividends, etc.
- Minimum Deposit: No specified limit
- Maximum Deposit: No upper limit specified
- Interest Rate: 3.75% to 8% per annum
- Eligibility: Non-resident Indians
- Tenure: 7 days to 10 years
- Taxability: TDS applicable
11. DCB Bank NRE Fixed Deposits
By availing of a DCB Bank NRE FD, you can convert your earnings in foreign currency into INR and enjoy an attractive DCB Bank FD interest rate. Both the interest and the principal component are repatriable and exempted from tax.
- Minimum Deposit: No specified limit
- Maximum Deposit: No upper limit specified
- Interest Rate: 7.25% to 8% per annum
- Eligibility: Non-resident Indians
- Tenure: 1 year to 10 years
12. DCB Bank FCNR (B) Fixed Deposit
As an NRI, if you are willing to maintain an FD account in India, you can book an FCNR account. It allows you to save your earnings in foreign currencies. The exchange rate risk will be negligible as the entire deposit will be held in a foreign currency.
- Minimum Deposit: No specified limit
- Maximum Deposit: No specified limit
- Interest Rate: 3.5% to 5.75% per annum (USD)
- Eligibility: Non-resident Indians
- Tenure: 1 year to 5 years
13. DCB Bank RFC Fixed Deposit
As an NRI, you can save your foreign earnings in an RFC FD only if you intend to settle in India. You can continue to hold an RFC FD even after permanent residency in India. You can invest in multiple currencies like USD, EURO, GBP, AUD and CAD.
- Minimum Deposit: No specified limit
- Maximum Deposit: No specified limit
- Interest Rate: 3.5% to 5.75% per annum (USD)
- Eligibility: Non-resident Indians
- Tenure: 1 year to 3 years
Note: The rates of interest for Resident Foreign Currency Deposits are similar to FCNR FDs of equivalent currency and tenure.DCB Bank offers a wide range of fixed deposit schemes catering to various types of customers’ requirements.
DCB Bank FD rates are quite attractive and can help you to generate stable returns to beat inflation. However, each FD scheme has its own set of objectives and terms; therefore, consider going through all the scheme-related information to make an informed decision.
