DCB Bank revises savings account, FD interest rates: Check details
The bank is offering the highest FD interest rate of 7.90% to general customers and 8.50% for senior citizens, after the revision. On savings accounts, the bank offers interest rate between 1.75% and 8% depending on the balance range.
Also read: 7 big banks offering up to 7.5% FD interest rates
Latest DCB Bank FD rates
The bank is offering an interest rate of 3.75% on resident term deposits maturing in 7 days to 45 days, and an interest rate of 4.00% on tenures between 46 days to 90 days. Interest rates offered by DCB Bank on deposits maturing in 91 days to less than 6 months is 4.75%, and 6.25% for deposits maturing in 6 months to less than 12 months.
For deposits maturing between 10 months to less than 12 months, the bank has increased to 7.25% from 6.90%. For 12 months, the bank will pay 7.15% interest.
Deposits with maturities between 12 months to less than 12 months 10 days will earn interest at a rate of 7.75% after the revision from 7.15%, while bank offer 7.15% interest on deposits of 12 months 11 days to less than 18 months 5 days.
Whereas deposits with maturities between 18 months 6 days to less than 700 days, the bank will pay interest of 7.50% and 7.55% on deposits of 700 days to less than 25 months.
The highest interest rate of 7.90% is offered on 25 months to 26 months and 37 months to 38 months. Earlier, the highest interest rate was 7.75% on tenure of 25 months and 37 months.
For tenure more than 38 months to less than 61 months, the bank offers 7.40% and 7.65% on tenure of 61 months tenure.
The interest rate offered by DCB Bank for deposits with maturities more than 61 months to 120 months is 7.25%.
