DCB bank is offering an interest rate of 7.15 per cent on Fixed Deposits with 12 months tenure. For senior citizens, it is 7.65 per cent.
DCB Bank has revised its savings account and fixed deposit interest rate for deposits below Rs 2 crore. The revised rates of the bank have become effective from September 27. It is offering 3.75 per cent to 7.75 per cent interest rates to general customers and 4.25 per cent to 8.50 per cent interest to senior citizens on FDs. The rate varies depending upon the tenure of the FD, ranging between 7 days to 120 months. With this, DCB Bank changed FD rates under Rs 2 crore for the second time this month.
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FD Rates
The rates differ for the general and senior citizens. For a deposit of less than Rs 2 crore, the bank offers an interest rate of 3.75 per cent for the tenure maturing between 7 days to 45 days. For the senior citizens, it is 4.25 per cent. Deposit tenure between 46 days to 90 days, the bank levies the interest rate of 4 per cent. Similarly, for 12 months, the bank is offering an interest rate of 7.15 per cent. For the senior citizens, it is 7.65 per cent.
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The interest rates have been revised for the fixed deposit tenure between 12 months and 1 day to 12 months and 10 days. DCB now offers 7.75 per cent to the general residents of India, while it offers an 8.2 per cent interest rate to senior citizens. If your deposits mature after 25 – 26 months, an interest rate of 7.90 per cent will be levied on the general residents and 8.50 per cent on senior citizens.
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Savings Account Interest Rate
DCB has also revised its interest rates on Saving Bank Accounts. It levies 1.75 per cent for the amount up to Rs 1 lakh. For deposits above Rs 1 lakh and less than Rs 2 lakh, the bank offers interest rates of 3 per cent. For the balance between Rs 10 lakh to Rs 2 crore, you will be offered an interest rate of 8 per cent. A similar interest rate will be levied on the amount between Rs 2 – 5 crore.
