For FDs with tenures ranging from 7 days to 10 years, DCB Bank offers interest rates of 3.75% to 8.00% p.a. to the general public and 4.25% to 8.50% p.a. to senior citizens. For tenures of five years, DCB FD rates for tax-saving FDs are 7.75% per annum for the general public and 8.25% per annum for senior citizen depositors. For NRIs, the bank also provides a range of DCB FD rates, including NRO, NRE, and FCNR fixed deposits. The US Dollar (USD), British Pound (GBP), Euro (EUR), Australian Dollar (AUD) and Canadian Dollar (CAD) are all acceptable currencies for FCNR fixed deposits at DCB Bank.
Benefits of DCB Bank FD Interest Rates
Below given are some of the important benefits of DCB Bank FD Interest rates:
- The DCB FD requires a minimum deposit of INR 10,000.
- DCB FD tenure includes from seven days to ten years (120 months).
- The Deposit Insurance Scheme of the RBI, under which DICGC insures up to INR 5 lakhs of a depositor’s total deposits, covers deposits given by DCB Bank.
- Auto-renewal facility is offered, as well as a loan against FD.
- Additionally, DCB Bank offers a nomination facility for their FD.
DCB Bank FD Interest Rates 2023 < Rs. 2 crore with effect from 28th June 2023
- INR 10,000 is the minimal deposit amount
- Duration: 7 days to 10 years
- Monthly, semi-annually, quarterly or annual basis pay-out alternatives are available.
- Depositors may use up to 80% of their fixed deposit balance for loans or overdrafts.
- There is a facility for automatic renewal.
| Tenure | DCB FD interest rates for Regular Citizens | DCB FD interest rates for Senior Citizens |
| 7 days – 45 days | 3.75 | 4.25 |
| 46 days – 90 days | 4.00 | 4.50 |
| 91 days – < 6 months | 4.75 | 5.25 |
| 6 months – < 10 months | 6.25 | 6.75 |
| 10 months – < 15 months | 7.25 | 7.75 |
| 15 months – < 18 months | 7.50 | 8.00 |
| 18 months – < 700 days | 7.75 | 8.25 |
| 700 days – 36 months | 8.00 | 8.50 |
| More than 36 months – 120 months | 7.75 | 8.25 |
DCB FD Interest Rates 2023 > Rs. 2 crore with effect from 8th May 2023
| Tenure | DCB Bank FD interest rates today for a single deposit of INR 5 Cr. to less than INR 10 Cr.) | |
| Regular | Non-callable | |
| 7 days – 14 days | 3.00% | – |
| 15 days – 30 days | 3.25% | – |
| 31 days – 45 days | 3.50% | – |
| 46 days – 60 days | 6.50% | – |
| 61 days – 90 days | 6.90% | – |
| 91 days – < 6 months | 7.35% | 7.50% |
| 6 months – < 12 months | 7.50% | 7.65% |
| 12 months – 24 months | 7.90% | 8.00% |
| More than 24 months – 60 months | 7.75% | 7.90% |
| More than 60 months – 120 Months | 7.50% | – |
DCB Bank FD Rates for NRE/NRO/FCNR (B)
DCB bank FD rates today for NRE Deposit of < Rs. 2 crore
- Tenure: 1 to 10 years
- If the FD is closed before the year is out, no interest will be paid
- Quarterly compounding and half-yearly payment of deposits
- There is also a simple option for paying interest
- Both the principal and interest are freely remittable
- There is a facility for overdraft borrowing against deposits
- A maximum of 85% of the FD amount may be overdrawn
- An overdraft facility will incur an additional 2% interest charge on top of the FD interest rate
| Tenure | Interest Rates (% p.a.) |
| 12 months | 7.25 |
| More than 12 months – < 15 months | 7.25 |
| 15 months – < 18 months | 7.50 |
| 18 months – < 700 days | 7.75 |
| 700 days | 8.00 |
| More than 700 days – 24 months | 8.00 |
| Above 24 months – 36 months | 8.00 |
| Above 36 months – 120 months | 7.75 |
DCB Bank FD Rates for NRO Fixed Deposit < Rs. 2 crores
- Tenure of seven days to ten years
- Despite being paid semi-annually, the deposits are compounded quarterly
- There is also the option of a simple interest payout
- The money in NRE deposits is refundable
- A maximum of 85% of the FD amount may be overdrawn
| Tenure | Interest Rates (% p.a.) |
| 7 days – 45 days | 3.75 |
| 46 days – 90 days | 4.00 |
| 91 days – < 6 months | 4.75 |
| 6 months – < 10 months | 6.25 |
| 10 months – < 15 months | 7.25 |
| 15 months – < 18 months | 7.50 |
| 18 months – < 700 days | 7.75 |
| 700 days – 36 months | 8.00 |
| Above 36 months – 120 months | 7.75 |
DCB Bank FD Rates for FCNR (B) Fixed Deposit
- The following currencies are available for opening in this FD scheme: Euro, Australian Dollar (AUD), Canadian Dollar (CAD), British Pound Sterling (GBP)
- 1 to 5 years in duration
- No interest will be paid if the FD account is closed before the year is over.
- Interest is compounded every six months.
- Both the principal and interest are freely remittable.
- A maximum of 70% of the FD amount may be overdrawn.
- Overdraft facilities will incur an additional 2% interest charge on top of the FD interest rate.
| Currency | Interest rate% | ||||
| 1 year – < 2 years | 2 years – < 3 years | 3 years – < 4 years | 4 years – < 5 years | 5 years | |
| USD | 5.75 | 5.35 | 3.50 | 3.50 | 3.50 |
| GBP | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 |
| EUR | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| AUD | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 |
| CAD | 3.00 | 3.00 | 3.00 | 3.00 | 2.80 |
DCB FD Rates for Tax Saver Deposit
- Minimum: INR 10,000; maximum: INR 1.5 lakhs each fiscal year
- Under section 80C of the Income Tax Act, deposits are eligible for a tax deduction of up to INR 1.5 lakhs in a financial year.
- Duration: 5 years
- There is a quarterly interest/quarterly compounding pay-out option
- It is not permissible to borrow money against deposits.
- It is not allowed to use FDs as loan collateral.
- Senior citizens receive an additional 0.50% on top of domestic FD rates.
- No auto-renewal option is available
| Tenure | Interest rate | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.75 | 8.25 |
DCB Bank FD Calculator
By using the DCB Bank FD calculator, investors can determine the scheme’s maturity amount. Additionally, the interest rates on DCB Bank FDs vary depending on tenure. By evaluating various interest rates and computing their overall returns, investors can open a fixed deposit. Using the compound interest DCB Bank FD calculator, investors can determine the interest and the maturity amount for reinvestment schemes.
According to the Income Tax Act of 1961, the tax gets deducted at source from the interest on tax-saver fixed deposits as required.
Yes, a fixed deposit account holder can suspend their account early with a penalty interest fee in accordance with the FD scheme rules.
The DCB Bank fixed deposit has an INR 10,000 minimum deposit requirement.
For a term between 700 days and three years, DCB Bank’s highest fixed deposit rate is 8.00% for regular citizens and 8.50% per annum for senior citizens.
The following documents are acceptable as genuine proof of age:
● Passport
● PAN card
● School leaving certificate
● Govt. ID cards like Aadhar
● Pension card
● Birth certificate
