Development Credit Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Development Credit Bank

Last Updated 14th Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.50%
15 days to 45 days 4.00% 4.50%
46 days to 90 days 5.00% 5.50%
91 days to 179 days 6.25% 6.75%
6 months to 364 days 6.80% 7.30%
12 months to 17 months 29 days 7.00% 7.50%
18 months to 23 months 29 days 7.10% 7.60%
24 months to 35 months 29 days 7.20% 7.70%
36 months to 59 months 29 days 7.25% 7.75%
60 months 1 day to 120 months 7.20% 7.70%
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  • Development Credit Bank offers FD interest rates upto 7.25% per annum.
  • Interest on deposits with Development Credit Bank is typically compounded quarterly.
  • Development Credit Bank accepts deposits starting at Rs. 0 for various tenures.
  • For senior citizens (age more than 60 years), Development Credit Bank offers higher interest rate over and above rates mentioned below.
Calculate Development Credit Bank
FD Maturity Amount

Development Credit Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Development Credit Bank .

Loan against Development Credit Bank FD

  • Development Credit Bank offers loan upto 0% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Development Credit Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Development Credit Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Development Credit Bank in your city - Find Development Credit Bank Branches here

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  • Development Credit Bank FD rates with other banks in India

About Development Credit Bank

In 1930s, two banks, Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank merged to form Development Co-operative Bank, which converted into Development Credit Bank (DCB Bank) after it was granted scheduled bank license by the Reserve Bank of India in May 1995. Development Credit Bank is a private sector bank with network of 130 plus branches, more than 236 ATM's across 17 states and 2 union territories in India. DCB Bank's financial products and services range from loans for small and medium enterprises, wealth management, internet banking, banking for NRIs, business finance, home loans etc. The Net Profit of DCB bank increased from Rs. 102.06 crores in FY2013 to Rs. 151.36 crores in FY2014. The total assets of the bank as of March 2014 stood at Rs. 12,923.14
News - Feb 2017
15th Apr 16 DCB Bank Q4FY16 standalone net profit rises 10.47%
DCB Bank reported standalone net profit of Rs 69.53 crore for the quarter ended March 31, 2016, registering growth of 10.47%. Net Interest Income for the quarter stood at Rs 168.69 crore, clocking growth of 30.09%. GNPA for the quarter stood at 1.51% down 25 bps. For the year ended March 31, 2016, the bank reported net profit of Rs. 194.53 crore.
09th Mar 16 Thomas Cook India starts trade finance services
Travel company Thomas Cook India has teamed up with Western Union Business Solutions and Indian DCB Bank to help the country SMEs perform cross border trade payments. Thomas Cook will reach out to its SME client base and the larger SME market to refer their trade transactions to DCB Bank through the Western Union platform. The idea is to leverage Western Union payment technology and DCB Bank trade finance expertise to improve relationship management and automate payment confirmation, ultimately enhancing procurement for SMEs.
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