DCB Bank FD Interest Rates
DCB Bank is one of the most reliable FD providers amongst a variety of FD providers in the market. DCB Bank FD offers a variety of advantages to investors like higher returns, flexible tenure, lower minimum deposit limit, and loan against FD facility, among others. When it involves the FD rate of interest, the very best rate offered on DCB Bank FD is 6.75%. The latest DCB Bank FD rate of interest for senior citizens, on the opposite hand, ranges between 4.75% to 7.25%.
Features of Jammu and Kashmir Bank FD
DCB Bank FDs are one the safest investment option available for depositors who are looking to take a position during a fixed income instrument and earn higher returns than a bank account. Key Features of DCB Bank Fixed Deposit are:
- Deposit Amount: DCB Bank FD are often opened with an amount.
- FD Tenure: Ranges between 7 days to 36 months.
- Interest Rate Range: 4.25% p.a. to 6.75% p.a.
- Senior Citizens FD Rate: 4.75% to 7.25% p.a.
- Highest Interest Rate: As per today’s rate, DCB Bank’s highest rate of interest on FD is 6.75% offered for a tenure of 36 months.
- Safety of DCB Bank Deposits: DCB Bank deposits are covered under the Deposit Insurance Scheme of RBI during which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
- Loan against FD: DCB Bank provides loans against FD to assist its depositor to meet their liquidity requirements without breaking the FD.
- Auto-Renewal Facility: Available
- Nomination Facility: Available
DCB Bank Fixed Deposit Rates
| Tenure | FD Interest Rates |
Senior Citizen FD Interest Rates
|
| 7 days to 14 days | 4.25% | 4.75% |
| 15 days to 45 days | 4.80% | 5.30% |
| 46 days to 90 days | 4.75% | 5.25% |
| 91 days to 179 days | 5.50% | 6.00% |
| 700 days | 6.70% | 7.20% |
Top 10 Tax Saver FD Interest Rates
| Name of the Bank Saving FD | The interest rate offered to General Citizens (p.a.) | The interest rate offered to Senior Citizens (p.a.) |
| SBI Bank Tax Saving FD | 5.30% | 6.20% |
| Private Bank Tax Saving FD | 5.35% | 5.85% |
| HDFC Bank Tax Saving FD | 5.30% | 5.80% |
| Canara Bank Tax Saving FD | 5.50% | 6.00% |
| Axis Bank Tax Saving FD | 5.75% | 6.25% |
| Bank of Baroda Tax Saving FD | 5.30% | 5.80% |
| IDFC Bank Tax Saving FD | 5.75% | 6.25% |
| Corporation Bank Tax Saving FD | 5.45% | 5.95% |
| PNB Tax Saving FD | 5.30% | 5.80% |
| IDBI Bank Tax Saving FD | 5.10% | 5.60% |
Documents required to open Fixed Deposit Account in DCB Bank
| Category | Documents Required |
| Individual, HUF, Proprietor |
|
| Partnership Firm |
|
| Trust |
|
| Associations, Clubs |
|
| Company |
|
Jammu & Kashmir Best FD Plans
We need to match the tenure-wise latest FD rate of DCB Bank to settle on the tenure at which it provides the very best rate of interest. DCB Bank FD rates are best for the deposits with a tenure of two years 11 months 20 days to 2 years 11 months 20 days, wherein the present FD rate of interest is 6.75% p.a
If one is looking to take a position briefly term deposits with DCB Bank, FD interest rates range from 4.25% p.a. to 5.95% p.a for deposits with a tenure of seven days too but 1 year. These deposits are referred to as short-term deposits as they need a tenure of but 1 year. Short-term DCB Bank FD rates for senior citizens range from 4.75% to 6.45% p.a.
If one is looking to take a position in future deposits, DCB Bank FD interest rates with tenure of 5 years to 35 months 29 days are an honest choice with interest rates on deposits with a tenure of 35 months 29 days at 6.50%. Senior citizens are offered special rates from banks with the highest deposit rates of 7.00% p.a. on future FDs.
Fixed Deposits of DCB Bank have a better rate of interest compared to their saving deposits. The benefits of opening an FD account in DCB Bank are:
- Interest on deposit is paid only at the time of the maturity
- Nomination facility available
- The extra interest of 0.25% to 0.50% payable to the senior citizens
- Availability of auto-renewal facility on the deposit
- Earn higher returns on the cash deposited
✅What is that the highest FD rate for DCB Bank?
You can earn a maximum interest of 6.75% on the DCB Bank fixed deposit.
✅Are there any special rates for senior citizens FD of DCB Bank?
Yes, senior citizens get a better rate on their deposits compared to FD rates. the speed of normal FD is in the range of 4.25% to 6.75%. Compared to the present, the speed of senior citizens FD is in the range of 4.75% to 7.25%.
✅What are the present DCB Bank FD interest rates 2021?
The current interest for FD in DCB Bank ranges between 4.25% – 6.75%.
✅Can I deposit an additional amount in my FD account?
No, you can’t deposit any additional amount in your existing FD account as you’re allowed to deposit just one occasion at the time of opening the account. If you would like to take a position any additional amount in FD, you’re required to open a replacement FD account.
✅Who is eligible for opening an FD account in DCB Bank?
All resident individuals, HUFs, NRIs, Firms including minors are eligible to open a hard and fast time deposit account.
✅Is it possible to vary the tenure of my existing fixed-time deposit account with DCB Bank?
No, it’s impossible to change the tenure selected for the fixed time deposit account once the account is opened. However, you’ll close your existing fixed-time deposit account and may open a replacement account with a desired tenure of your choice.
✅What are the implications of opening an FD checking account without having a PAN?
Following are the implications for the purchasers opening an FD account with DCB Bank without their PAN card
- TDS are going to be deducted at the speed of 20% as against 10% under section 206AA
- NO TDS credit from the tax department
- NO TDS certificate is going to be issued
- Form 15G/H and other exemption certificates are going to be invalid and penal TDS will apply
