This Private Sector Bank Revises Interest Rates On Savings Account

Published: Wednesday, October 6, 2021, 9:20 [IST]

DCB Bank has revised interest rates on savings accounts which is now in effect from 1st October 2021. This private sector bank offers a range of saving account options for its customers. For resident Indian citizens, the bank provides DCB Elite Savings Account, DCB Privilege Savings Account, DCB CashBack Savings Account, DCB Classic Savings Account, DCB Basic Savings Bank Deposit Account, DCB Elite Current Account, DCB Business Saver Current Account, DCB SmartGain Current Account, DCB PMJDY Account, DCB Classic Current Account, DCB Student Savings Account, DCB Shaurya Savings Account, DCB Saahas Savings Account, DCB RERA Current Account, DCB Kisan Mitra Savings Account, DCB Insti Prime Savings Account, DCB Insti Prime Current Account, DCB Shubh-Labh Savings Account.

DCB Bank Savings Account Interest Rates

For resident, NRE, and NRO savings bank account, the most recent interest rates are as follows.

Resident, NRE, and NRO Savings Bank Account Interest rates (with effect from October 1, 2021)
Balance Range (INR)	Rate of Interest p.a. W.E.F October 1, 2021
On balances up to 1 lakh in the account	2.75%
On balances above 1 lakh to less than 25 lakh in the account	5.00%
On balances from 25 lakh to less than 50 lakh in the account	6.00%
On balances from 50 lakh to less than 2 crore in the account	6.50%
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

DCB Bank Current and Saving Accounts Transactions Charges

With effect from 1 March 2020, the transaction charges for National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Services (IMPS) undertaken at branches have been adjusted which is as follows:

Transaction Amount	NEFT Charges	RTGS Charges	IMPS Charges
Amount upto INR 10,000	INR 2.00	Not Applicable	INR 4.50
Amount above INR 10,000 INR 4.50 Not Applicable INR 4.50 and upto INR 1 Lakh	INR 4.50	Not Applicable	INR 4.50
Amount above INR 1 Lakh INR 14.50 Not Applicable INR 14.50 and upto INR 2 Lakh	INR 14.50	Not Applicable	INR 14.50
Amount above INR 2 Lakh INR 24.50 INR 24.50 Not Applicable and upto INR 5 Lakh (Including INR 2 Lakh for RTGS)	INR 24.50	INR 24.50	Not Applicable
Amount above INR 5 Lakh	INR 24.50	INR 49.00	Not Applicable

With effect from March 1, 2020, the service charges for cash withdrawal transactions have been changed. The new fee structure is as follows:

Monthly Cash Withdrawal Limit & Applicable Charges Less than or equal to 3 times of previous month AMB - Free.
More than 3 times and upto 10 times of previous month AMB - INR 1 per Thousand of cash withdrawal.
More than 10 times of previous month AMB - INR 2 per Thousand of Cash Withdrawal.
For DCB Current Accounts charge levied for each transaction exceeding the applicable free limit will be INR 100 per transaction beyond free limit plus applicable tax.
For DCB Savings Account Charge levied for each transaction exceeding the applicable free limit will be INR 100 per transaction beyond free limit plus applicable tax.