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New Delhi: DCB Bank has revised interest rates on its fixed deposits (FD) plans for investments less than Rs 3 crore across various tenures. The lender has stated that the revised rates are applicable on both general and senior citizens.
DCB Bank has fixed the interest rates in the range from 3.75% to 7.20% for regular customers, while senior citizens are eligible to get between 4.00% and 7.70%. The rates will vary across FD tenures. The private sector lender is giving 7.95% for the Senior Citizens Plus category.
The bank is offering the highest FD interest rate for a tenure of 27 to less than 28 months. In this tenure, general customers would get 7.20%, senior citizens earn 7.70%, and Senior Citizens Plus are entitled to get 7.95% (effective annualized yield (% p.a.).
Bank customers aged 70 years & above are considered in the Senior Citizens Plus category.
“For premature closure of a deposit, the interest rate (applicable rate) prevailing on the date of the deposit, for the period the deposit has remained with the Bank, shall be payable, subject to TDS, as applicable. Premature closure of a deposit may be additionally subject to penal interest, deductible from the applicable rate, as prescribed by the bank on the date of deposit,” the DCB Bank website mentioned.
| Period | Interest Rates |
|---|---|
| 7 days to 45 days | 3.75% |
| 46 days to 90 days | 4.50% |
| 91 days to less than 6 months | 4.75% |
| 6 months to less than 10 months | 6.00% |
| 10 months to less than 12 months | 6.50% |
| 12 months to less than 15 months | 6.90% |
| 15 months to less than 16 months | 7.00% |
| 16 months to less than 27 months | 6.90% |
| 27 months to less than 28 months | 7.20%Highest |
| 28 months to 60 months | 7.00% |
| More than 60 months to 61 months | 7.20% |
| More than 61 months to 120 months | 7.00% |
| Period | Interest Rates |
|---|---|
| 7 days to 45 days | 4.00% |
| 46 days to 90 days | 4.75% |
| 91 days to less than 6 months | 5.00% |
| 6 months to less than 10 months | 6.25% |
| 10 months to less than 12 months | 6.75% |
| 12 months to less than 15 months | 7.15% |
| 15 months to less than 16 months | 7.50% |
| 16 months to less than 27 months | 7.15% |
| 27 months to less than 28 months | 7.70%Highest |
| 28 months to 60 months | 7.25% |
| More than 60 months to 61 months | 7.70% |
| More than 61 months to 120 months | 7.25% |
| Period | Interest Rate |
|---|---|
| 7 days to 45 days | 4.00% |
| 46 days to 90 days | 4.75% |
| 91 days to less than 6 months | 5.00% |
| 6 months to less than 10 months | 6.25% |
| 10 months to less than 12 months | 6.75% |
| 12 months to less than 15 months | 7.15% |
| 15 months to less than 16 months | 7.75% |
| 16 months to less than 27 months | 7.15% |
| 27 months to less than 28 months | 7.95%Highest |
| 28 months to 60 months | 7.25% |
| More than 60 months to 61 months | 7.70% |
| More than 61 months to 120 months | 7.25% |
