DCB Bank has revised fixed deposit interest rates for deposits below Rs 2 crore. The new rates are effective from September 1, 2023, according to the DCB Bank website.
The bank is offering the highest FD interest rate of 7.75% to general customers and 8.50% for senior citizens, after revision. Earlier, the bank was offering the highest interest rate of 8% to general citizens.
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.
Deposits with maturities between 12 months to less than 12 months 10 days will earn interest at a rate of 7.15% after the revision, while bank offer 7.25% interest on deposits of 12 months 10 days.
Whereas deposits with maturities between 12 months 11 days to less than 18 months 5 days will now earn interest at a rate of 7.15%and 7.50% on tenure ranging from 18 months 6 days to less than 700 days.
DCB Bank offers 7.55% on tenure of 700 days to less than 25 months and highest interest rate of 7.75% on tenure of 25 months and 37 months.
For tenure more than 25 months to less than 37 months, the bank offers 7.60% and 7.40% on tenure more than 37 months to less than 61 months. The bank offers 7.65% on 61 months tenure.
The interest rate offered by DCB Bank for deposits with maturities more than 61 months to 120 months is 7.25%.
| Tenure | Deposit Interest Rate | Rate for Senior Citizens |
| 7 days to 45 days | 3.75% | 4.25% |
| 46 days to 90 days | 4.00% | 4.50% |
| 91 days to less than 6 months | 4.75% | 5.25% |
| 6 months to less than 10 months | 6.25% | 6.75% |
| 10 months to less than 12 months | 6.90% | 7.40% |
| 12 months to less than 12 month 10 days | 7.15% | 7.65% |
| 12 months 10 days | 7.25% | 7.75% |
| 12 months 11 days to less than 18 months 5 days | 7.15% | 7.65% |
| 18 months 6 days to less than 700 days | 7.50% | 8.00% |
| 700 days to less than 25 months | 7.55% | 8.05% |
| 25 months | 7.75% | 8.50% |
| More than 25 months to less than 37 months | 7.60% | 8.35% |
| 37 months | 7.75% | 8.50% |
| More than 37 months to less than 61 months | 7.40% | 7.90% |
| 61 months | 7.65% | 8.15% |
| More than 61 months to 120 months | 7.25% | 7.75% |
Senior citizen FD rates
The bank offers the highest interest rate of 8.50% for senior citizens on tenure of 25 months and 37 months. The bank offers 8.35% on tenure ranging more than 25 months to less than 37 months.
