The bank is giving a maximum of 8% interest to its general customers and 8.50% interest on FDs to its senior citizen customers. At the same time, the bank is giving a maximum interest of 8% on the savings account to its customers.
Large private sector lender DCB Bank (DCB Bank) has increased the interest rates on fixed deposits (FD) of less than Rs 2 crore. Apart from this, the bank has also increased its savings account rates.
After this increase in interest rates, the bank is giving a maximum of 8% interest to its general customers and 8.50% interest on FDs to its senior citizen customers. At the same time, the bank is giving a maximum interest of 8% on the savings account to its customers. The increased new interest rates are applicable from 10 March.
Maximum 8% interest is available here
After this increase in interest rates, DCB Bank is paying 8% interest instead of 7.85% on FDs ranging from 15 months to less than 18 months to its customers. While the bank is paying 50 basis points more i.e. 8% interest on FDs of 18 months to 700 days. Apart from this, DCB Bank is offering 8% interest on FDs of 700 days to 24 months and 7.60% on FDs of 24 months to 120 months to its customers.
Bank increased new savings account rate
DCB Bank, on the other hand, offers its customers 7.25% on deposits between Rs 50 lakh and less than Rs 2 crore, 5.50% on deposits between Rs 2 crore and less than Rs 5 crore and between Rs 5 crore and Rs 10 crore. 7% interest is being given on the deposited capital of less. Apart from this, the bank is offering its customers a maximum interest of 8% on deposits between Rs 10 crore and less than Rs 200 crore and 5% on deposits above Rs 200 crore.
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