DCB Bank Hikes Interest Rates On Fixed Deposits of Less Than Rs 2 Cr

The interest rate on fixed deposits of less than Rs. 2 crores has been raised by DCB Bank, a private sector lender. The adjustment has been done today, March 7th, 2022. Following the revision, the bank is now giving a 6.00 percent interest rate on deposits maturing in 15 months to less than 18 months, up from 5.50 percent before. The bank has increased the interest rate on deposits maturing in 18 months or less than 700 days from 5.50 percent to 6.25 percent. The bank increased the interest rate on deposits maturing in 700 days from 5.95 percent to 6.25 percent. The bank has increased the interest rate on deposits maturing in more than 700 days to less than 36 months from 5.50 percent to 6.25 percent. The bank has increased the interest rate on deposits maturing in 36 months to 120 months from 5.95 percent to 6.25 percent. Senior citizens will continue to get an additional rate of 0.50% over and above the regular rate across all tenors.

DCB Bank Regular Fixed Deposit Interest Rates

The bank is providing the below-listed Interest Rates on Resident Indian Fixed Deposit as of March 7, 2022.

Tenors	Deposit Interest Rate (percent per annum)	Effective Annualised Yield (% per annum)
7 days to 14 days	4.35%	4.35%
15 days to 45 days	4.35%	4.35%
46 days to 90 days	4.35%	4.35%
91 days to less than 6 months	5.05%	5.05%
6 months to less than 12 months	5.25%	5.34%
12 months	5.55%	5.67%
More than 12 months to less than 15 months	5.30%	5.41%
15 months to less than 18 months	6.00%	6.18%
18 months to less than 700 days	6.25%	6.55%
700 days	6.25%	6.55%
More than 700 days to less than 36 months	6.25%	6.76%
36 months	6.25%	6.82%
More than 36 months to 60 months	6.25%	7.27%
More than 60 months to 120 months	6.25%	8.59%
Source: Bank Website

DCB Bank Fixed Deposit Interest Rates For Senior Citizens

Following the exclusive revision, senior citizens will get an interest rate of 4.85% - 6.75% on deposits maturing in 7 days to 120 months. Check the latest interest rates here.

Tenors	Rate for Senior Citizens (% per annum)	Effective Annualised Yield (% per annum)
7 days to 14 days	4.85%	4.85%
15 days to 45 days	4.85%	4.85%
46 days to 90 days	4.85%	4.85%
91 days to less than 6 months	5.55%	5.55%
6 months to less than 12 months	5.75%	5.86%
12 months	6.05%	6.19%
More than 12 months to less than 15 months	5.80%	5.93%
15 months to less than 18 months	6.50%	6.71%
18 months to less than 700 days	6.75%	7.10%
700 days	6.75%	7.10%
More than 700 days to less than 36 months	6.75%	7.35%
36 months	6.75%	7.41%
More than 36 months to 60 months	6.75%	7.95%
More than 60 months to 120 months	6.75%	9.53%
Source: Bank Website

DCB Bank Savings Account Interest Rates

The bank also changed the interest rate on savings accounts last month, on February 7, 2022. Check Resident, NRE and NRO Savings Bank Account interest rates below.

Balance Range (INR)	Rate of Interest p.a. W.E.F February 7, 2022
On balances up to 1 lakh in the account	2.50%
On balances above 1 lakh to less than 2 lakh in the account	4.50%
On balances from 2 lakh to less than 10 lakh in the account	5.00%
On balances from 10 lakh to less than 25 lakh in the account	6.25%
On balances from 25 lakh to less than 50 lakh in the account	6.50%
On balances from 50 lakh to less than 2 crore in the account	6.75%
On balances from 2 crore to less than 50 crore in the account	5.50%
On balances from 50 crore and above	5.00%
Source: Bank Website