DCB FD Calculator
DCB Bank Fixed Deposit Calculator 2022
DCB Bank FDs have tenures ranging from 1 year 10 months 5 days to 2 years 11 months 20 days with maximum rate of interest of 5.95%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.45%.
| Tenure | Interest Rate for General Public | Interest Rate for Senior Citizens | Max Maturity Amount per Lakh |
|---|---|---|---|
| 7 days to 14 days | 4.35% | 4.85% | ₹ 1,00,083 - ₹ 1,00,186 |
| 15 days to 45 days | 4.35% | 4.85% | ₹ 1,00,179 - ₹ 1,00,598 |
| 46 days to 90 days | 4.35% | 4.85% | ₹ 1,00,548 - ₹ 1,01,196 |
| 91 days to 179 days | 5.05% | 5.55% | ₹ 1,01,259 - ₹ 1,02,740 |
| 6 months to 364 days | 5.45% | 5.95% | ₹ 1,02,744 - ₹ 1,06,067 |
| 15 months to 17 months 29 days | 5.50% | 6.00% | ₹ 1,07,067 - ₹ 1,09,322 |
| 12 months 1 day to 14 months 29 days | 5.30% | 5.80% | ₹ 1,05,421 - ₹ 1,07,442 |
| 18 months 1 day to 699 days | 5.50% | 6.00% | ₹ 1,08,555 - ₹ 1,12,081 |
| 700 days | 5.95% | 6.45% | ₹ 1,11,993 - ₹ 1,13,056 |
| 701 days to 35 months 29 days | 5.50% | 6.00% | ₹ 1,11,061 - ₹ 1,19,537 |
| 36 months | 5.95% | 6.45% | ₹ 1,19,385 - ₹ 1,21,162 |
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DCB Bank Fixed Deposit Calculator
DCB Bank fixed deposit calculator helps you calculate maturity value of your deposited amount at the interest rate which is compounded quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
How to Use MyLoanCare FD Calculator
Here is a simple procedure to use MyLoanCare FD calculator:-
DCB Bank Fixed Deposit Interest Rate Calculator – Interest Payment Options
How is DCB Bank FD Rate Calculated?
DCB Bank calculates fd interest in two ways, one is cumulative and non-cumulative as discussed above. It is a decision made by you whether you want interest payout at the end of the tenure or monthly, quarterly, half-yearly or yearly. To earn more money you can go for a cumulative method because interest earned throughout the tenure is added to the principal amount and is compounded then. However, if you are looking for monthly income or so then you can go for non-cumulative.
DCB Bank FD Maturity Calculation for 5 Year
The interest earned on a fixed deposit in DCB Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on DCB Bank FD can be calculated monthly, quarterly, half-yearly and annually.
Let’s understand how much interest you will earn if you invest ₹ 1,00,000 in DCB Bank FD for a 5-year tenure at an interest rate of 5.95% for depositors below 60 years and 6.45% for senior citizens.The maturity schedule of DCB Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.95% for Citizens below 60 years and at 6.45% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2022 | ₹ 6,084 | ₹ 1,06,084 | ₹ 6,608 | ₹ 1,06,608 | ||
| 2023 | ₹ 6,454 | ₹ 1,12,538 | ₹ 7,044 | ₹ 1,13,652 | ||
| 2024 | ₹ 6,847 | ₹ 1,19,385 | ₹ 7,510 | ₹ 1,21,162 | ||
| 2025 | ₹ 7,263 | ₹ 1,26,648 | ₹ 8,006 | ₹ 1,29,168 | ||
| 2026 | ₹ 7,705 | ₹ 1,34,353 | ₹ 8,535 | ₹ 1,37,703 | ||
DCB Bank FD Calculator Formula
Along with an online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on DCB Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on DCB Bank fixed deposit?
You can earn a maximum interest of 5.95% on DCB Bank fixed deposits.
✅How many years FD will double in DCB Bank?
The growth of DCB Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in DCB Bank FD.You can also use DCB Bank fd calculator to calculate the maturity amount. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.05%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.05 = 10.21. So it will take a little more than 14 years for one’s investment to get doubled in DCB Bank.
✅What are the minimum and maximum amounts that I can invest in an DCB Bank FD?
The minimum investment limit in DCB Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
✅Can I withdraw my premature FD from DCB Bank?
Yes, you can withdraw your premature FD amount if you want money before the tenure ends. However, you might have to pay a penalty fee ranging from 1% of FD amount for premature withdrawal.
✅How can I calculate DCB Bank premature FD amount?
To calculate premature FD amount you can use DCB Bank bank fd calculator. All you have to put is the value of the invested amount, tenure, interest rate and premature penalty rate (if any).
- 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%.
