Looking to invest in a fixed deposit account for a rewarding future? DCB Bank is a private sector scheduled commercial bank in India which allows customers to open fixed deposit accounts with attractive interest rates. The bank offers FD interest rates of 3.75 to 8% per annum for general residents and 4.25 to 8.5% per annum for senior citizens. Let’s find out DCB bank FD interest rates for all categories of individuals and various slabs.
Here’s a table showing the DCB Bank fixed deposit rates for general Indian residents and senior citizens (effective from 28th June 2023):
| Tenure | Interest Rate (% p.a) – General Citizens | Interest Rate (% p.a) – Senior Citizens |
| 7 to 14 days | 3.75 | 4.25 |
| 15 to 45 days | 3.75 | 4.25 |
| 46 to 90 days | 4.00 | 4.50 |
| 91 days to less than 6 months | 4.75 | 5.25 |
| 6 months to less than 10 months | 6.25 | 6.75 |
| 10 months to less than 12 months | 7.25 | 7.75 |
| 12 months | 7.25 | 7.75 |
| Over 12 months to lesser than 15 months | 7.25 | 7.75 |
| 15 months to lesser than 18 months | 7.50 | 8.00 |
| 18 months to lesser than 700 days | 7.75 | 8.25 |
| 700 days to 24 months | 8.00 | 8.50 |
| Over 24 months to lesser than 36 months | 8.00 | 8.50 |
| 36 months | 8.00 | 8.50 |
| Over 36 months to lesser than 60 months | 7.75 | 8.25 |
| Over 60 months to 120 months | 7.75 | 8.25 |
Eligibility Criteria for DCB Bank FD Accounts
People under the following categories can open a DCB Bank fixed deposit account:
- Single and joint resident individuals
- Hindu Undivided Families (HUFs)
- Partnership companies
- Public and private firms
- People with NRE and NRO accounts
Documentation Required for DCB Bank FD Accounts
DCB Bank allows people of various age groups and categories to open fixed deposit accounts. However, certain documents have been listed by the bank for opening an FD account. Here are the documents that you must possess before opening a DCB bank FD account:
- PAN Card
- Identification such as Aadhar Card, Driving Licence, or Voter ID
- Address proof – Electricity Bill, Passport, Municipality Tax Receipt
- Proof of age – Birth Certificate, Government ID, School Leaving Certificate, etc
- Passport-size photos
DCB Bank FD Schemes
The following are the types of DCB Bank fixed deposit schemes:
- Regular Fixed Deposit Scheme
- Attractive interest rates
- Flexible interest payment options
- 5% p.a. extra interest for senior citizens
- Tenure ranging from 7 days to 10 years
- Minimum deposit amount as low as INR 10,000
- Flexible payment options
- DCB Zippi Online Fixed Deposit
- Fixed Deposit tenure ranging from 30 days to 5 years
- Minimum deposit amount as low as ₹10,000 and upto ₹50,00,000 per transaction
- Flexible interest payment options
- Automatic renewal of deposit
- DCB Bank Tax Saver Fixed Deposit
- Tax benefit of up to Rs.1,50,000 in a financial year u/s 80C of Income Tax Act, 1961
- Opt for either quarterly compounding or quarterly interest payout
- Default tenure of 5 years
- No premature encashment
- Invest as low as Rs.10,000 up to Rs.1,50,000 in a financial year
- Tax Saver Fixed Deposit cannot be pledged as security to avail loan
- Tax Saver Fixed Deposit with the bank shall be subject to Tax Deduction at source as per Income Tax Act 1961
- NRE Term Deposit
- Deposits available for a period of 1 year to 10 year
- The minimum tenure for NRE Term Deposit is 1 year
- Overdraft facility is available against the deposits
- NRO Tax Saver Fixed Deposit
- Minimum Amount: Rs.10000/-
- Multiples of Rs.100/-
- Maximum Amount: Rs. 1.5 lakhs(in a FY)
- Tenure-5 years (lock in period) and Maximum 10 years
- Monthly or quarterly interest pay-out option is available
- No partial/premature withdrawal allowed
- Sweep-in not allowed
- No OD or pledge allowed
What are DCB Bank FD Interest Rates for Deposits < 2 Crores?
Here are the interest rates offered by DCB Bank FD accounts for deposits which are lesser than Rs 2 crore:
| Tenure | Interest Rate (% p.a) – General Citizens | Interest Rate (% p.a) – Senior Citizens |
| 7 to 14 days | 3.75 | 4.25 |
| 15 to 45 days | 3.75 | 4.25 |
| 46 to 90 days | 4.00 | 4.50 |
| 91 days to less than 6 months | 4.75 | 5.25 |
| 6 months to less than 10 months | 6.25 | 6.75 |
| 10 months to less than 12 months | 7.25 | 7.75 |
| 12 months | 7.25 | 7.75 |
| Over 12 months to lesser than 15 months | 7.25 | 7.75 |
| 15 months to lesser than 18 months | 7.50 | 8.00 |
| 18 months to lesser than 700 days | 7.75 | 8.25 |
| 700 days to 24 months | 8.00 | 8.50 |
| Over 24 months to lesser than 36 months | 8.00 | 8.50 |
| 36 months | 8.00 | 8.50 |
| Over 36 months to lesser than 60 months | 7.75 | 8.25 |
| Over 60 months to 120 months | 7.75 | 8.25 |
Interest Rates for Domestic/ NRO / NRE Fixed Deposits
The interest rates for Non-Resident External fixed deposits have been stated in the table below:
| Duration | Interest Rate % Per Annum (Single Deposits Lesser Than Rs 2 crore) |
| 12 months | 7.25 |
| Over 12 months to lesser than 15 months | 7.25 |
| 15 months to lesser than 18 months | 7.50 |
| 18 months to lesser than 700 days | 7.75 |
| 700 days | 8.00 |
| Over 700 days to 24 months | 8.00 |
| Over 24 months to 36 months | 8.00 |
| Over 36 months to lesser than 120 months | 7.75 |
NRO Fixed Deposit Rates
Find out all about NRO fixed deposit rates underlined in the following table:
| Tenure | Interest Rate % Per Annum (Single Deposits Lesser Than Rs 2 crore) |
| 7 to 14 days | 3.75 |
| 15 to 45 days | 3.75 |
| 46 to 90 days | 4.00 |
| 91 days to less than 6 months | 4.75 |
| 6 months to less than 10 months | 6.25 |
| 10 months to less than 12 months | 7.25 |
| 12 months | 7.25 |
| Over 12 months to lesser than 15 months | 7.25 |
| 15 months to lesser than 18 months | 7.50 |
| 18 months to lesser than 700 days | 7.75 |
| 700 days | |
| Over 700 days to 24 months | 8.00 |
| Over 24 months to lesser than 36 months | 8.00 |
| Over 60 months to 120 months | 7.75 |
DCB Bank FD Premature Withdrawal Rates
Premature withdrawal from fixed deposit accounts is allowed by DCB Bank. On premature withdrawal, an interest rate shall be payable prevailing at the deposit date on the period for which the deposit was held with the bank. DCB bank charges a penal interest which is specified by the bank during various durations. However, premature withdrawal of non-callable deposits and tax-saver fixed deposits is not an option before the completion date of the FD account. The table below explains the premature withdrawal penalty charges for NRE and NRO deposits:
| Deposit Slab | Tenure – 7 to 13 days | Tenure – 14 to 29 days | Tenure – 30 days and above |
| < Rs 2 crore | Zero interest | 0.50% reduced from the applicable interest rate | 0.50% reduced from the applicable interest rate |
| >= Rs 2 crore | Zero interest | Zero interest | Zero interest |
Summing Up
DCB bank FDs can offer lucrative returns in the longer term and have diverse schemes. It also offers attractive returns for senior citizens, NREs and NROs. The penal charges for premature withdrawal are also lower and do not affect an individual’s hard-earned money. Hence, investing in a DCB Bank fixed deposit is an ideal choice for a secured financial future.
DCB Bank Fixed Deposit FAQ’s :-
Yes. It is safe to open a fixed deposit account with DCB bank. The bank operates under the Reserve Bank of India. Also, as per DCB Bank FD reviews from customers, the interest rates offered are lucrative.
The minimum period of a DCB bank fixed deposit is 7 to 14 days. The interest rate offered by the bank during this period for general residents is 3.75% and for senior citizens, it is 4.25%.
Yes. DCB bank allows premature withdrawal by charging a certain interest rate from the customers.
Yes. You can avail loan against DCB bank FD of up to 80% at attractive interest rates.
You need to first get a DCB bank FD closure form and submit it to the bank. The bank will help with premature closure after charging a small amount of interest depending on the tenure of the FD held with the bank.
