DCB Bank hikes FD interest rates by up to 40 bps: Now get inflation beating returns up to 7.50%

DCB Bank FD Rates

The bank will continue to give an interest rate of 3.75% on deposits maturing in the next 7 days to 90 days, and DCB Bank will continue to offer an interest rate of 4.50% on deposits maturing in the next 91 days to less than 6 months. The interest rate on deposits that mature in 6 months to less than 12 months will remain at 5.70%, while the interest rate on term deposits that mature in 12 months to less than 15 months will remain at 6.10%.

On deposits maturing in 15 months to less than 700 days, DCB Bank will continue to provide an interest rate of 6.75%, and on deposits maturing in 700 days, a rate of 7.10%. The bank will now give an interest rate of 7.50% on deposits maturing in more than 700 days but less than 36 months, up from 7.10% before. DCB Bank will now offer an interest rate of 7.50% on deposits maturing in 36 months, up from 7.10% previously, which is a hike of 40 bps.

On deposits maturing in more than 36 months to 60 months, DCB Bank increased its interest rate by 25 basis points, from 7% to 7.25%. On deposits maturing in more than 60 months to 120 months, the bank will continue to provide a 7.00% interest rate.

View Full Image

Additionally, Suraksha Fixed Deposit (FD), which has a term of three years and a high-interest rate of 7.10% per year, has recently been reintroduced by DCB Bank. This FD also comes with complimentary life insurance coverage of up to Rs. 10 lakh. The 36-month term life insurance policy offered by DCB Suraksha FD is effective from the age of 18 until the depositor turns 55.