Development Credit Bank Interest Rates on FD, Oct 2016

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Last Updated 25th Oct 16

TenureInterest Rate
30 Days4.00%
45 Days 4.00%
60 Days 5.00%
90 Days 5.00%
120 Days 6.25%
6 Months 7.40%
9 Months 7.40%
12 Months 7.70%
18 Months 7.80%
2 Years 7.90%
3 Years 7.90%
4 Years 7.90%
5 Years 7.90%
7 Years 7.80%
10 Years 7.80%

Development Credit Bank FD Interest Rates

  • Development Credit Bank offers FD interest rates upto 7.90% 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.

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

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

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