Before opening an account with DCB Bank, it is important to understand the various DCB Bank Charges for the services and products rendered by the bank. Choosing an account with better privileges and low service charges will help you optimise your savings. Have a dialogue with the bank official before opening an account, and choose an account option that aligns with your requirement.
DCB Bank is a private-sector commercial bank catering to both retail and corporate customers. Established in 1930, the bank offers an array of banking and financial services. The services include opening of current and savings accounts, wealth management, NRI banking insurance, credit cards, etc. With a wide network of branches all over the country, the Bank has a wide customer base.
All Banks have a schedule of charges for the services and products they offer to their customers. This is basically to cover the operational costs involved in providing the various services and the privileges associated with each service. The charges include initial deposit on opening an account, transaction charges, locker charges, DD issue charges, Cheque book charges, credit card charges, and various penalties for violation of bank guidelines. Be aware of these charges to prevent financial loss in future.
DCB Bank Service Charges encompass a comprehensive range of fees collected for different types of accounts. Here are some common charges you may encounter in your daily banking operations:
DCB Bank transaction charges comprise interbank funds transfer through NEFT/RTGS/IMPS, DD issue charges, Cheque book issue charges, cash deposit charges, cash withdrawal charges, ATM charges, etc.
Cash Deposit Charges
The Bank has stipulated a limit for cash deposits in a quarter. If the customer exceeds the sanctioned limit, the bank collects cash deposit charges depending on the extent of the amount that exceeds the quarterly sanctioned limit.
The Bank has provided a certain monthly limit for the number of cash transactions in an account. When you exceed the free limit, you will have to pay charges for every transaction beyond the limit.
Lower Denomination Deposit
DCB Bank Charges include charges for depositing cash in lower denomination (below Rs. 100 denomination) into both the current account as well as a savings account. These charges depend on the Average Monthly Balance maintained in the account.
Cheque Return Charges
The bank imposes a penalty for issuing cheques without maintaining sufficient balance, which results in the return of the cheque.
Demand Draft Issue Charges
If a funds transfer is opted for by issuing Demand Drafts which is a prepaid instrument, the bank collects charges for issuing these drafts. The charges depend on the transaction amount.
Monthly Statement Charges
A bank statement is a financial tool that helps you monitor your account regularly. DCB bank provides e-statements free of cost. For issuing physical statements, the bank collects charges for each instance.
Besides these common types of transactions, there are other transactions like E-wallet load charges, Forex Remittance Charges, Online Payment Gateway charges, etc.
- Choose an account that aligns with your minimum balance affordability.
- Review your account regularly to be aware of your financial status.
- Check the account balance before issuing cheques.
- Transfer funds through Internet Banking or Mobile Banking as no bank charges are levied on these transactions by DCB Bank.
- Limit cash transitions. Plan your cash withdrawals with the free limit permitted.
- Avoid using cheque leaves for funds transfers.
- Use ATM facilities wisely.
- Do not overspend and utilise more than the available in your account.
- Do not resort to overdraft facilities even if your transactions get declined. You will not fall into a debt trap and also not incur any interest expenses.
DCB Bank has several options for both Savings as well as Current Accounts. You can choose an account that suits your requirements and your initial deposit affordability. Here is a list of Savings Accounts with the initial deposit requirements.
|Type of Account||Initial Deposit|
|DCB Elite Savings Account||Rs. 25000|
|DCB Cash Back Savings Account||Rs. 10000|
|DCB Classic Savings Account||Rs. 5000 (Tier-I Branches) Rs. 2500 (Tier-2 Branches)|
|DCB Family Savings Account||Rs. 1.00 lac|
|DCB Shubh Labh Savings Account||Rs. 10000|
|DCB Privilege Savings Account||Rs. 5.00 lacs|
|DCB BSBDA Savings Account||Zero Balance|
DCB Bank allows unlimited free transactions for transactions at the bank’s ATM. For using the ATM Card at other Bank ATMs, the DCB Bank ATM withdrawal charges beyond the free limit are given below:
|For Cash Withdrawal (Financial Transactions) beyond the limit||Rs. 21 + GST for every transaction beyond the limit|
|For Balance Enquiry (Non-Financial Transactions) beyond the limit||Rs. 8.50 + GST for every transaction beyond the limit|
If you issue a DCB Bank Account Cheque and fail to maintain a sufficient balance to honour the cheque, the bank will return the cheque for want of wants and you will be liable for a penalty. Also, if you have deposited a cheque into your account and it is returned unpaid, you are liable for penalties as well. The DCB Cheque Bounce Charges are given below:
|Cheque Deposited Returned Unpaid||Cheques Issued Returned|
|Local Cheques: Free Outstations Cheques: Rs. 150/- per instrument||Rs. 750/- per instrument if returned for want of funds.|
DCB Bank provides online as well as offline NEFT facilities. If you are comfortable with Internet Banking/Mobile Banking and have registered for the same, you can transfer funds through NEFT online. DCB Bank provides an online NEFT facility for free. The DCB Bank NEFT Charges for NEFT through branches are given below:
|Transaction Amount||NEFT charges|
|Up to Rs. 10,000||Rs. 2+ GST|
|Above Rs. 10000- and up to Rs. 1.00 lac||Rs. 4.50 + GST|
|Above Rs. 1.00 lac and up to Rs. 2.00 lac||Rs.14.50.00 + GST|
|Above Rs. 2.00 lacs||Rs. 24.50.00 + GST|
RTGS is a real-time gross settlement and a faster mode of funds transfer. DCB Bank provides this facility for all its customers. For RTGS transactions done through digital channels, no charges will be levied. For RTGS done through branches, the DCB Bank RTGS Charges will be based on the amount of transaction. Here is the list of RTGS charges.
|Transaction Amount||RTGS Charges|
|Rs. 2.00 lacs up to Rs. 5.00 lacs||Rs. 24.50 + GST|
|Above Rs. 5.00 lacs||Rs. 49 + GST|
Funds transfer through this mode is the fastest mode in which the beneficiary will receive the amount into his/her account within 30 minutes of initiating the transaction. However, funds transferred through IMPS are for a fee. The DCB Bank IMPS Charges are given below:
For Transaction Through Branches
|Transaction Amount||IMPS Charges|
|Below Rs. 1.00 lakh||Rs. 4.50 + GST|
|Above Rs. 1.00 lakh up to Rs. 2.00 lakhs||Rs. 14.50 + GST|
For Transaction Through Digital Channels
For accounts where Average Monthly Balance is Rs. 25000: No Charges
For Accounts where Average Monthly Balance is below Rs. 25000: 10 transactions are free and for transactions above the free limit, the charges are collected as mentioned below
|Transaction Amount||IMPS Charges|
|Up to Rs. 1000||Nil|
|Rs. 1001 up to Rs. 25000||Rs. 4.50 + GST per transaction|
|Rs. 250001 and above||Rs. 7.50 + GST per transaction|
DCB Bank Charges : FAQs
The DCB Bank permits 3 free cash withdrawal transactions for accounts where the average monthly balance is less than Rs. 50000/-. For accounts where the AMB is more than Rs. 50000/-, the bank allows 10 free transactions.
The bank does not collect any collection charges for local cheques. For outstation cheques, the charges are between Rs. 25/- to Rs. 150/- depending on the amount of transaction.
The bank does not charge for stop payment requests.
The issuance of balance certificates at DCB Bank do not have any service charges.
DCB Bank does signature verification for its account holders free of cost.