DCB Fixed Deposit offers a secure and dependable way to grow your wealth with attractive returns. With DCB Fixed Deposit, you can enjoy a safe and rewarding investment option that helps you maximize your hard-earned savings.
DCB Fixed Deposit provides the flexibility to choose from various interest payout options, including the choice to reinvest interest for higher returns. Whether you're planning for the future or looking for stable growth, its ensures that your money works for you with assured returns.
Earn superior returns on your investments.
Choose a deposit term that aligns perfectly with your goals, from short-term (7 days) to long-term (10 years).
Enjoy additional interest on your Fixed Deposit to support your golden years.
Start your investment journey with a minimum deposit amount as low as ₹10,000.
Receive interest payouts monthly, quarterly, half-yearly, or annually as per your requirements.
Benefit from the power of quarterly compounding by reinvesting the interest with the principal.
Avail a loan or overdraft facility against your Fixed Deposit in case of urgent fund requirements. Get up to 80% of the deposit value subject to terms and conditions.
Never miss an opportunity to earn! Your deposit automatically renews at maturity, ensuring your funds continue to grow seamlessly.
(For single deposit of less than ₹3 Crore)
| Tenure | Deposit Interest Rate (% p.a.) | Annualised Yield* | Deposit Interest Rate for Senior Citizens (% p.a.) | Annualised Yield* | Deposit Interest Rate for Senior Citizens Plus (% p.a.) | Annualised Yield* |
|---|---|---|---|---|---|---|
| 7 days to 45 days | 3.75% | 3.75% | 4.00% | 4.00% | 4.00% | 4.00% |
| 46 days to 90 days | 4.50% | 4.50% | 4.75% | 4.75% | 4.75% | 4.75% |
| 91 days to less than 6 months | 4.75% | 4.75% | 5.00% | 5.00% | 5.00% | 5.00% |
| 6 months to less 10 months | 6.00% | 6.09% | 6.25% | 6.35% | 6.25% | 6.35% |
| 10 months to less than 12 months | 6.50% | 6.65% | 6.75% | 6.91% | 6.75% | 6.91% |
| 12 months less than 15 months | 6.90% | 7.08% | 7.15% | 7.34% | 7.15% | 7.34% |
| 15 months to less than 16 months | 7.00% | 7.25% | 7.50% | 7.79% | 7.50% | 7.79% |
| 16 months to less than 24 months | 6.90% | 7.27% | 7.15% | 7.55% | 7.15% | 7.55% |
| 24 months to less than 25 months | 7.25% | 7.73% | 7.85% | 8.41% | 7.95% | 8.53% |
| 25 months to less than 27 months | 6.90% | 7.33% | 7.15% | 7.61% | 7.15% | 7.61% |
| 27 months to less than 34 months | 7.00% | 7.65% | 7.25% | 7.94% | 7.25% | 7.94% |
| 34 months to less than 35 months | 7.25% | 7.94% | 7.85% | 8.67% | 7.95% | 8.79% |
| 35 months to less than 37 months | 7.00% | 7.71%% | 7.25% | 8.02% | 7.25% | 8.02% |
| 37 months to 38 months | 7.10% | 7.84% | 7.60% | 8.45% | 7.65% | 8.51% |
| More than 38 months to less than 60 months | 7.00% | 8.22% | 7.25% | 8.56% | 7.25% | 8.56% |
| 60 months to 61 months | 7.25% | 8.65% | 7.85% | 9.50% | 7.95% | 9.65% |
| More than 61 months to 120 months | 7.00% | 10.02% | 7.25% | 10.51% | 7.25% | 10.51% |
T&C: *Senior Citizen rates are applicable for resident age from 60 years to less than 70 years and Senior Citizen Plus rates are applicable for resident age 70 years & above.
A person who has completed the age of 60 years on the date of booking the Fixed Deposit will be considered a senior citizen for availing of the additional interest rate. The following documents can be accepted as valid proof of age for this purpose:
TDS is deducted from applicable deposits every time the bank pays, credits, or re-invests interest during the financial year. In addition, TDS is also deducted on interest accrued (but not due) at the end of the financial year, which is March 31st. TDS is also deducted on Tax Saver Fixed Deposit.
If your total interest income for the year does not fall within the overall taxable limits, you can submit Form 15G (resident individuals) or Form 15H (resident senior citizens) at any of our branches at the time of booking the Fixed Deposit and again at the beginning of a new financial year, preferably in the first week of April, to avail yourself of an exemption from TDS. These forms may also be submitted through personal internet banking. Please note that your Aadhaar and PAN need to be linked to be eligible for the submission of Form 15G/H.
Please note that deposits held by minors are also subject to TDS. The credit for the TDS may be claimed by the person in charge of the minor and, consequently, the minor’s income.
If a Fixed Deposit exceeding ₹ 50,000 is booked, then it is mandatory to mention your PAN. In the absence of PAN, the depositor has to submit Form 60 or 61, as the case may be. It is advisable to link the PAN with Aadhaar before it is submitted to the bank to avail of a lower TDS rate.
As per section 206AA of the Income Tax Act 1961, it is mandatory for every person, including non-resident Indians, receiving income on which TDS is deductible, to furnish PAN. Failing this, TDS will be deducted at the rate of 20% or any other applicable rate, whichever is higher. Declaration in Form 15G/H for non-deduction of tax shall be treated as invalid in the absence of a valid PAN.
Yes. You can avail of loan/ OD against your Fixed Deposit of up to 80% of the value of the deposits. This facility is not available against DCB Tax Saver Fixed Deposit and non-callable deposits.
For premature closure of a deposit, the interest rate (applicable rate) prevailing on the date of the deposit, for the period the deposit as remained with the Bank, shall be payable, subject to TDS, as applicable. Premature closure of DCB Tax Saver Deposit will be subject to application of the prescribed conditions. Premature closure of non-callable deposits is not allowed. Premature closure of a deposit may be additionally subject to penal interest deductible from the applicable rate, as prescribed by the Bank on the date of deposit.
| Deposit Amount | Penal Interest |
|---|---|
| Less than ₹3 crores | 0.5% |
| ₹3 crore and above | 2.0% |
| No interest is payable on Deposits of less than ₹3 crore if closed before completion of 14 days. | |
| No interest is payable on Deposits of ₹3 crore and above if closed before completion of 30 days. | |
| No interest is payable on NRE Fixed Deposits if closed before completion of one year. | |
Penal Interest for Premature Closure of Foreign currency Fixed Deposit
| Deposit Amount | Penal Interest |
|---|---|
| Any amount | Penal Interest |
| No interest is payable on foreign currency Fixed Deposit if closed before completion of one year. | |