Bank New FD Rates: FD Rates 2023 This bank has increased the interest rates of savings account and FD. Now investors are getting up to 8 percent interest on savings account. Interest on FD has also reached 8.50 percent.
The interest rates of savings account and fixed deposit (Fixed Deposit / FD) have been increased by the private sector DCB Bank. After this increase, the bank is giving 8.00 percent interest to the savings account holders.
At the same time, general investors are getting a maximum interest of 8.00 percent and senior citizens are getting 8.50 percent interest on FD. According to the official website of the bank, no interest rates have come into effect from May 8, 2023.
Interest rate on savings account in DCB Bank
2.00 per cent on balance up to Rs 1 lakh in savings account, 3.75 per cent for balance between Rs 1 lakh to less than Rs 2 lakh, 5.25 per cent for balance between Rs 2 lakh to less than Rs 5 lakh and Rs 5 lakh in savings account 6.25 percent interest will be given on balance less than Rs.
7.00 percent for balance in savings account from Rs.10 lakh to less than Rs.50 lakh, 7.25 percent for balance from Rs.50 lakh to less than Rs.2 crore, 5.50 percent for balance from Rs.2 crore to less than Rs.5 crore, 7.00 percent on balance between Rs.5 crore to less than Rs.10 crore, 8.00 percent on balance between Rs.10 crore to less than Rs.200 crore, 5.00 percent interest will be given on balance above Rs.200 crore in savings account.
FD interest rate in DCB Bank
- 7 days to 45 days on FD – 3.75 percent
- 46 days to 90 days on FD – 4.00 percent
- On FDs from 91 days to less than 6 months – 4.75 percent
- On FDs from 6 months to less than 12 months – 6.25 percent
- On FDs from 1 year to less than 15 months – 7.25 percent
- 15 months to less than 18 months on FD – 7.50 percent
- 18 months to less than 700 days on FD – 7.75 percent
- 700 days to less than 3 years on FD – 8.00 percent
- On FD from 3 years to 5 years – 7.75 percent
Let us tell you, an additional interest of 0.50 percent is being given by the bank to senior citizens on getting FDs.
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