New Delhi: DCB Bank is offering competitive interest rates for senior citizens on its Fixed Deposit plans. The elders are eligible to get interest rates in the range of 4.25 per cent to 8.55 per cent per annum, depending on the FD tenor. The lender is also allowing senior citizens to opt for flexible interest payout options.
DCB Fixed Deposit plan beneficiaries can receive interest payout either, monthly, quarterly, half-yearly, or annually, as per their need. The FD scheme holders can reinvest the earned interest amount to benefit from the magic of compounding and accelerate their wealth growth.
One can avail a DCB Loan or Overdraft facility against DCB Fixed Deposit for urgent needs. The loan or overdraft amount is determined for a percentage of the amount kept as DCB Fixed Deposit subject to terms and conditions.
DCB Bank Fixed Deposit Interest Rates
Tenure
Deposit Interest Rate
(% per annum)
Effective Annualised Yield (% per annum) *
Rate for Senior Citizens (% per annum)
Effective Annualised Yield (% per annum) *
7 days to 45 days
3.75%
3.75%
4.25%
4.25%
46 days to 90 days
4.00%
4.00%
4.50%
4.50%
91 days to less than 6 months
4.75%
4.75%
5.25%
5.25%
6 months to less than 10 months
6.20%
6.30%
6.70%
6.81%
10 months to less than 12 months
7.25%
7.38%
7.75%
7.90%
12 months
7.10%
7.29%
7.60%
7.82%
More than 12 months to 12 month 10 days
7.75%
7.98%
8.25%
8.51%
12 months 11 days to 17 months
7.15%
7.41%
7.65%
7.95%
17 months 1 day to 18 months 5 days
7.10%
7.42%
7.60%
7.97%
18 months 6 days to less than 19 months
7.40%
7.75%
7.90%
8.30%
19 months to 20 months
8.05%
8.47%
8.55%
9.02%
20 months 1 day to less than 700 days
7.40%
7.82%
7.90%
8.38%
700 days to 26 months
7.50%
8.01%
8.00%
8.58%
More than 26 months to less than 37 months
7.55%
8.39%
8.05%
9.00%
37 months to 38 months
7.75%
8.63%
8.25%
9.25%
More than 38 months to less than 61 months
7.40%
8.86%
7.90%
9.57%
61 months
7.65%
9.21%
8.15%
9.94%
More than 61 months to 120 months
7.25%
10.51%
7.75%
11.55%
DCB Health Plus Fixed Deposit
The DCB Health Plus Fixed Deposit scheme can be opted by Resident individuals with a minimum FD amount of Rs 10,000 and fixed tenure of 700 days. The minimum eligibility age is 18 years to maximum 70 years (completed, but less than 71 years). The bank allows up to 4 DCB Health Plus Fixed Deposits by a primary account holder. The particular FD scheme is flexible, partial and premature withdrawal is also allowed.
If an individual opts for DCB Health Plus FD plan of Rs 3 Lakh to Rs 5 Lakh, the person will be entitles for 10 OPD visits and 2 pharmacy claims up to Rs 500. It doesn’t include emergency or consultation services.
Furthermore, the people opting for the scheme can have four DCB Health Plus Fixed Deposits, with the flexible, partial, and premature withdrawals options. The FD is aimed at securing your financials and health needs.
DCB Health Plus Fixed Deposit Amount
Teleconsultation – General Physician / Specialist / Hospital OPD/Teleconsultation
Face-to-Face Appointment – General Physician / Specialist / Hospital OPD/Teleconsultation
Pharmacy expenses
Emergency Service
₹25 lakh and above
10
10
₹3,000.00
(Ambulance)
₹15 lakh to less than ₹25 lakh
8
8
₹2,000.00
Unlimited
₹10 lakh to less than ₹15 lakh
10
6
₹1,500.00
Unlimited
₹5 lakh to less than ₹10 lakh
10
4
₹1,000.00
Unlimited
₹3 lakh to less than ₹5 lakh
10
2
₹500.00
–
₹1 lakh to less than ₹3 lakh
8
2
–
–
₹10,000 to less than ₹1 lakh
4
0
–
–
DCB Fixed Deposit scheme for senior citizens offers interest rates ranging from 4.25% to 8.55% per annum. DCB Health Plus Fixed Deposit offers good returns and medical benefits. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
