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

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

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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%.

Tenure Deposit Interest Rate (percent per annum) 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 5.50% 5.65%
18 months to less than 700 days 5.50% 5.73%
700 days 5.95% 6.22%
More than 700 days to less than 36 months 5.50% 5.89%
36 months 5.95% 6.46%
More than 36 months to 60 months 5.95% 6.87%
More than 60 months to 120 months 5.95% 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.

Tenure Rate for Senior Citizens (% per annum) 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 6.00% 6.18%
18 months to less than 700 days 6.00% 6.28%
700 days 6.45% 6.77%
More than 700 days to less than 36 months 6.00% 6.47%
36 months 6.45% 7.05%
More than 36 months to 60 months 6.45% 7.54%
More than 60 months to 120 months 6.45% 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.

Tenure Deposit Interest Rate (% per annum) 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 5.50% 5.65%
18 months to less than 700 days 5.50% 5.73%
700 days 5.95% 6.22%
More than 700 days to less than 36 months 5.50% 5.89%
36 months to 120 months 5.95% 8.05%
Source: Bank Website, (with effect from 22nd November 2021)

Original news source Credit: www.goodreturns.in



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