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DCB Bank Modifies Interest Rates On Fixed Deposits: Now Get Up To 6.45%

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DCB Bank has revised its interest rates on Resident Indian Fixed Deposits and NRO FD (Non-Resident Ordinary Fixed Deposits. According to the bank's official website, the new rates are in effect from 22nd November 2021. On single deposits of less than Rs.2 crore, the general public will now get an interest rate of up to 5.95 percent, while senior citizens would receive up to 6.45 percent, owing to the most recent modification.

 

DCB Bank FD Rates
 

DCB Bank FD Rates

Regular customers will now receive a 4.35 percent interest rate on single deposits of less than Rs.2 crore maturing in 7 to 90 days. DCB Bank is currently providing 5.05 percent and 5.25 percent interest rates on term deposits maturing in 91 days to less than 6 months and 6 months to less than 12 months. The bank is providing the general public an interest rate of 5.55 percent and 5.30 percent on deposits maturing in 12 months and more than 12 months to less than 15 months, respectively.

Regular customers will now get a 5.50 percent interest rate on deposits maturing in 15 months to fewer than 700 days. DCB Bank is now promising an interest rate of 5.95% and 5.50% to the general public on their deposits maturing in 700 days and more than 700 days to less than 36 months. On single deposits maturing in 36 months to 120 months, regular customers will get an interest rate of 5.95%.

TenureDeposit Interest Rate (percent per annum)Annualised Yield (% per annum)
7 days to 14 days4.35%4.35%
15 days to 45 days4.35%4.35%
46 days to 90 days4.35%4.35%
91 days to less than 6 months5.05%5.05%
6 months to less than 12 months5.25%5.34%
12 months5.55%5.67%
More than 12 months to less than 15 months5.30%5.41%
15 months to less than 18 months5.50%5.65%
18 months to less than 700 days5.50%5.73%
700 days5.95%6.22%
More than 700 days to less than 36 months5.50%5.89%
36 months5.95%6.46%
More than 36 months to 60 months5.95%6.87%
More than 60 months to 120 months5.95%8.05%
Source: Bank Website, (with effect from 22nd November 2021)  
DCB Bank FD Rates For Senior Citizens

DCB Bank FD Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% on their deposits of less than Rs. 2 Cr maturing in 7 days to 120 months. Here are the new interest rates on fixed deposits of DCB Bank that senior citizens will get respectively.

TenureRate for Senior Citizens (% per annum)Annualised Yield (% per annum)
7 days to 14 days4.85%4.85%
15 days to 45 days4.85%4.85%
46 days to 90 days4.85%4.85%
91 days to less than 6 months5.55%5.55%
6 months to less than 12 months5.75%5.86%
12 months6.05%6.19%
More than 12 months to less than 15 months5.80%5.93%
15 months to less than 18 months6.00%6.18%
18 months to less than 700 days6.00%6.28%
700 days6.45%6.77%
More than 700 days to less than 36 months6.00%6.47%
36 months6.45%7.05%
More than 36 months to 60 months6.45%7.54%
More than 60 months to 120 months6.45%8.96%
Source: Bank Website, (with effect from 22nd November 2021)  
DCB Bank NRO FD (Non-Resident Ordinary Fixed Deposit) Interest Rates

DCB Bank NRO FD (Non-Resident Ordinary Fixed Deposit) Interest Rates

The bank has also altered its interest rates on Non-Resident Ordinary Fixed Deposits of less than Rs. 2 Cr. Following are the recent interest rates applicable on Non-Resident Ordinary Fixed Deposits by DCB Bank.

TenureDeposit Interest Rate (% per annum)Annualised Yield (% per annum)
7 days to 14 days4.35%4.35%
15 days to 45 days4.35%4.35%
46 days to 90 days4.35%4.35%
91 days to less than 6 months5.05%5.05%
6 months to less than 12 months5.25%5.34%
12 months5.55%5.67%
More than 12 months to less than 15 months5.30%5.41%
15 months to less than 18 months5.50%5.65%
18 months to less than 700 days5.50%5.73%
700 days5.95%6.22%
More than 700 days to less than 36 months5.50%5.89%
36 months to 120 months5.95%8.05%
Source: Bank Website, (with effect from 22nd November 2021)  

Story first published: Wednesday, November 24, 2021, 15:16 [IST]
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