There is good news for those who have deposited their hard earned money in the bank. Actually, there is a chance to earn more interest with DCB Bank.
New Delhi. Mumbai-based private sector DCB Bank (DCB Bank) has increased its interest rates on savings account and fixed deposits (FD) of less than Rs 2 crore. According to the official website of the bank, savings account holders can now earn an interest rate of up to 8.00 per cent. At the same time, non-senior citizens can earn up to 8 percent and senior citizens can earn up to 8.50 percent interest on FD. According to the official website of DCB Bank Bank, these rates have become effective from May 8, 2023.
Talking about savings account, it will continue to offer an interest rate of 2.00 per cent for savings accounts with a balance of up to Rs 1 lakh. People with balance less than 1 lakh to 2 lakh will get an interest rate of 3.75 percent. The bank will continue to offer an interest rate of 5.25 per cent on balances between Rs 2 lakh and less than Rs 5 lakh and 6.25 per cent on balances between Rs 5 lakh and less than Rs 10 lakh.
7 percent interest rate on savings account with balance less than 10 lakh to 50 lakh, balance of less than 50 lakh to 2 crore now interest rate of 7.25 percent, interest rate of 5.50 percent on balance of 2 crore to 5 crore .
DCB Bank FD Rates
- 7 days to 45 days – 3.75%
- 46 days to 90 days – 4%
- 91 days to less than 6 months – 4.75 per cent
- 6 months to less than 12 months – 6.25 per cent
- 12 months to less than 15 months – 7.25 per cent
- 15 months to less than 18 months – 7.50%
- 18 months to less than 700 days – 7.75 per cent
- 700 days to 36 months – 8%
- More than 36 months but up to 120 months – 7.75%
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