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DCB Bank Fixed Deposit

DCB Bank FD Scheme

Last Updated 07th Jan 2021

DCB Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 4.25% to 6.75%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    DCB Bank FD

    DCB Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, DCB Bank FD offers regular returns on fixed deposit ranging between 4.25% to 6.75%. For senior citizens, the interest rates on fixed deposits range between 4.75% to 7.25%. In addition to that, DCB Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of DCB Bank Fixed Deposit Schemes

    Different type of DCB Bank term deposit products offered to the investors are listed as follows:

    Benefits of DCB Bank FD

    DCB Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about DCB Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, DCB Bank offers FD rates up to 6.75%. The interest rates offered on DCB Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, DCB Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because DCB Bank fixed deposit allows one to borrow a secured loan against DCB Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about DCB Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: DCB Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. DCB Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . DCB Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, DCB Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the DCB Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with DCB Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from DCB Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of DCB Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for DCB Bank FD

    DCB Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for DCB Bank FD

    DCB Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    DCB Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under DCB Bank?

    DCB Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in DCB Bank?

    The minimum amount required for a fixed deposit investment in DCB Bank fixed deposit is .

    What is the current interest rate on FD in DCB Bank?

    Currently, DCB Bank offers an interest rate ranging between 4.25% to 6.75% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in DCB Bank?

    DCB Bank fixed deposit can be opened with a minimum tenure of .


    DCB News - Jan 2021
    • 2020-08-07 : DCB Bank introduced virtual video booth for customer KYC
      DCB Bank striving to assist customers during the new normal of social distancing unveiled the virtual video booth for customer KYC for contactless onboarding of new customers. This enables any individuals to apply for DCB Bank FD through video-based KYC without visiting the branch or meeting a DCB Bank representative.
    • 2020-01-08 : New Fixed Deposit rates by DCB Bank
      DCB Bank revised its FD rates across all tenors. FD rates for 7 to 14 days is 5.40%, for 15 to 45 days it is 5.65%, the rate for 46 days to 90 days is 6.15%, it is 6.35% for 91 days to 6 months and for six months to less than 12 months the rate is 6.85%. The revised FD rate for long tenors of 12 months is 7%, for 12 months and one day to less than 15 months the rate is 7.25%, rate for 15 months to less than 18 months is 7.50%, for 18 months it is 7.60%, and for more than 18 months to less than 24 months, the rate is 7.50%. In addition to that for 24 months to less than 36 months, the interest rate is revised to 7.40%, for 36 months it is 7.70%, for more than 36 months to 60 months the rate is 7.50%, and for more than 60 months to less than 120 months, the new rate is 7.25%.
    • 2019-09-24 : Revised FD rates for DCB Bank
      With effect from September 18, 2019, DCB Bank has revised its interest rates on fixed deposits. The revised rate of interest for a period of 7-14 days is 5.40%; for 15-45 days the rate is 5.65%; the rate for 46-90 days is 6.15%; for 91 days to 6 months the rate is 6.35%, and for 6-12 months it is 7.00%. The rate for a longer tenure of 12-15 months is 7.25%; for 15-18 months it is 7.80%; for 18-24 months the rate is 7.75%; for 24-36 months the rate is 8.00%; for 36-60 months it is 7.75%, and for 60-120 months the revised rate is 7.25%.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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