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DCB FD Interest Rates 2022

DCB Bank Fixed Deposit Interest Rate: Today

Last Updated 11th Jan 2022

When it comes to the FD interest rate, the highest rate offered on DCB Bank FD is 5.95%. Latest DCB Bank FD interest rate for senior citizens, on the other hand, ranges between 4.85% to 6.45%.You can earn up to ₹ 29,750 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
7 days to 14 days 4.35% 4.85%
15 days to 45 days 4.35% 4.85%
46 days to 90 days 4.35% 4.85%
91 days to 179 days 5.05% 5.55%
700 days 5.95% 6.45%
Earn upto 7.05% on FD APPLY NOW

DCB Fixed Deposit Features

DCB Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of DCB Bank Fixed Deposit are:

  • Deposit Amount : DCB Bank FD can be opened with an amount as a low ₹ 500 to up to 20000000.
  • FD Tenure : Ranges between 7 days to 36 months.
  • Interest Rate Range : 4.35% p.a. to 5.95% p.a.
  • Senior Citizens FD Rate : 4.85% p.a to 6.45% p.a.
  • Highest Interest Rate : As per today’s rate, DCB Bank’s highest interest rate on FD is 5.95% offered for a tenure of 36 months.
  • Safety of DCB Bank Deposits : DCB Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : DCB Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : DCB Fixed Deposit, DCB Tax Saving Fixed Deposit, DCB Diamond Khushiyali Fixed Deposit , DCB Health Plus Fixed Deposit

DCB Bank FD Interest Rates Today

Interest rates on DCB Bank deposits are updated regularly by the Government of India. The following are updated DCB Bank FD interest rates 2022:

Tenure Interest Rate
7 days to 14 days 4.35%
15 days to 45 days 4.35%
46 days to 90 days 4.35%
91 days to 179 days 5.05%
700 days 5.95%
701 days to 35 months 29 days 5.50%
6 months to 364 days 5.45%
12 months 1 day to 14 months 29 days 5.30%
15 months to 17 months 29 days 5.50%
18 months 1 day to 699 days 5.50%
36 months 5.95%

DCB Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, DCB Bank offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in DCB Bank 2022 are as follows:

Tenure Interest Rate for senior citizens
7 days to 14 days 4.85%
15 days to 45 days 4.85%
46 days to 90 days 4.85%
91 days to 179 days 5.55%
700 days 6.45%
701 days to 35 months 29 days 6.00%
6 months to 364 days 5.95%
12 months 1 day to 14 months 29 days 5.80%
15 months to 17 months 29 days 6.00%
18 months 1 day to 699 days 6.00%
36 months 6.45%

DCB Bank Fixed Deposit Rates – Premature Withdrawal

You can close your DCB Bank FD account prematurely, however DCB Bank charges a penalty of 1% for premature withdrawal. Also, The penal provisions for premature closure on DCB Bank FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on DCB Bank FD

DCB Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an DCB Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

DCB Bank Fixed Deposit Scheme

DCB Fixed Deposit

Description:

  • Attractive interest rates with flexible interest payment options.
  • Senior Citizens can earn 0.5% p.a. extra interest over the regular interest rate.
  • Flexible tenure ranging from 7 days to 10 years.
  • The Minimum deposit amount under this scheme is Rs 10,000.
  • You can avail of up to 80% of the fixed deposit value.
  • Under this scheme, you can also opt for automatic renewal of deposits.
DCB Tax Saving Fixed Deposit

Description:

  • If you invest in DCB Tax Saver Fixed Deposit, you can claim a tax benefit of up to Rs.1,50,000 in a financial year.
  • Under this scheme, you can either opt for quarterly compounding or interest payout.
  • DCB Tax Saving Fixed Deposit has a default tenure of 5 years.
  • You need to invest a minimum of Rs 10,000 to upto Rs.1,50,000 in a financial year.
  • You cannot pledge Tax Saver Fixed Deposit as security to avail a loan against FD.
DCB Diamond Khushiyali Fixed Deposit

Description:

  • The Minimum instalment amount for this scheme is Rs. 500 per month. You need to invest in multiples of Re. 1 after that.
  • You do not need to pay extra charges if you miss your deposit instalment.
  • You can also receive SMS alerts for monthly deposit instalments.
DCB Health Plus Fixed Deposit

Description:

  • This Fixed Deposit scheme is available to all resident individuals.
  • You need to invest a minimum of Rs. 10,000 for a fixed tenure of 700 days.
  • A primary account holder can have upto 4 DCB Health Plus Fixed Deposits.
  • This scheme allows flexible, partial & premature withdrawal.

Earn upto ₹ 29,750 Per Lakh on DCB Bank Fixed Deposit?

To earn ₹ 29,750 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 5.95%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 29,750
  • FD Maturity Amount - ₹ 1,29,750

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

Documents Required to Open Fixed Deposit Account in DCB Bank

  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

FD Account Opening Process at DCB Bank

To open an DCB Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of DCB Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the DCB Bank FD after reading the terms and conditions.

Loan Against Fixed Deposit DCB Bank

DCB Bank offers loans up to 0% against its own deposit. Note that DCB Bank will not give you loan against FD of any other bank. DCB Bank offers Loan against FD at the rate of 5.35% to 6.95%

FAQs

What is the highest fixed deposit interest rate for DCB Bank?

You can earn a maximum interest of 5.95% on DCB Bank fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of DCB Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 4.35% to 5.95%. Compared to this, DCB Bank senior citizens FD are in the range of 4.85% to 6.45%.

What are the current DCB Bank FD interest rates 2022?

Current interest for FD in DCB Bank ranges between 4.35% - 5.95%. for different tenure.The highest rate is offered on a tenure 6.45 months/years. For senior citizens the interest rates ranges bweteen 4.85% - 6.45%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with DCB Bank?

The minimum deposit amount required to book an FD with DCB Bank is ₹ 500 and there is no limit for maximum amount.

Did DCB Bank increase FD rates in 2022?

No, DCB Bank has reduced its Fixed Deposit rates by upto 0.55%. The best rate on DCB Bank FD has been cut to 5.95% from 6.50% earlier. The fixed deposit rates of DCB Bank are now in the range of 4.35% to 5.95% with effect from 11 Nov, 2021.

Is it possible to change the tenure of my existing fixed deposit account with DCB Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with DCB Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in DCB Bank?

Yes, you can submit your application for opening an FD account on the website of DCB Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in DCB Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 5.95%. For DCB Bank FD the number of years in which your FD will get doubled is; 72/5.95 = 12

What is the interest of 1 lakh in the DCB Bank?

The interest on DCB Bank fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 5.95% for tenure and banks offer senior citizens little more, which is 6.45%.


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DCB News - Jan 2022
  • 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, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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