DCB Fixed Deposit

DCB Fixed Deposit: Grow Your Savings with Attractive Returns

What is FD?

A Fixed Deposit (FD) is a financial instrument offered by banks and financial institutions that allows individuals to deposit a lump sum amount for a fixed tenure at a predetermined interest rate. The principal amount remains locked in for the chosen period, and the interest is either paid out periodically or at maturity, depending on the interest payout option preferred by the customer.

DCB Fixed Deposit (FD) offers a reliable way to grow your savings. By depositing a lump sum amount for a chosen tenure, you can earn attractive interest rates, helping to achieve your financial goals. DCB Bank provides various FD options to cater to different customer needs for Indian residents.

Types of Fixed Deposits offered by DCB Bank:

DCB Bank offers a range of Fixed Deposit products to suit diverse financial requirements:​

• Regular Fixed Deposit

  • Minimum amount to open FD : ₹10,000
  • Tenure : Short-term (7 days) to long-term (10 years)
  • Interest Payout Options : Monthly, quarterly, half-yearly, annually, or at maturity as per the preference
  • Features : Flexible tenures and automatic renewal​ option

• Senior Citizen Fixed Deposit

  • Eligibility : Individuals aged 60 years and above
  • Additional Benefit : Higher interest rates compared to regular FDs
  • Features : Catering to the financial needs of senior citizens with better returns.

• Senior Citizens Plus Fixed Deposit

  • Eligibility : Individuals aged 70 years and above
  • Additional Benefit : Higher interest rates compared to regular FDs and Senior Citizen FDs
  • Features : Providing financial stability for senior citizens with rewarding returns

• Recurring Deposit

  • Minimum Deposit per month: ₹500
  • Tenure : Flexible tenure ranging from 1 year to 10 years
  • Features : Attractive interest rate, payment flexibility

• Tax Saver Fixed Deposit

  • Minimum Deposit : ₹10,000
  • Tenure : 5 years (lock-in period)
  • Tax Benefit : Eligible for deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per financial year
  • Interest Payout Options : Quarterly compounding or quarterly payouts

Note : Premature withdrawal is not permitted as per tax laws​

Features of DCB Fixed Deposit:

DCB Bank offers a host of features designed to make the Fixed Deposit experience seamless and rewarding. Whether you're planning short-term savings or long-term goals, DCB Fixed Deposit provides the flexibility and reliability to match your needs.

• Flexible Tenure Options Choose a deposit period that suits your financial plan. DCB Bank offers FD tenure ranging from 7 days to 10 years, giving the flexibility to select short, medium, or long-term investments. Except for tax saver FD where the fixed tenure is 5 years, and non-callable Retail FD, where tenures available are from 12 months to up to 60 months. This flexibility ensures the fund stays well managed and aligned with life goals.
• Attractive Interest Rates One of the most appealing features of DCB Fixed Deposit is its competitive interest rates. Your money earns more over time, with rates often higher than regular savings accounts. This makes FDs a preferred option for individuals seeking steady and safe growth on their capital.
• Many Options to Receive the Interest Earning Payout Individuals may choose the frequency of receiving the interest earned from the FD. Depending on your needs, one may opt for monthly, quarterly, or cumulative payout at maturity. This customisation helps with your cash flow preference, be it regular income or a lump sum amount at maturity to enjoy the interest earning.
• Loan/ Overdraft Facility Need cash in an emergency? Instead of breaking the FD, a loan against FD can be availed. DCB Bank provides up to 80% loan against your FD value, ensuring liquidity without compromising on the FD. Terms and conditions are applicable and the loan amount value is the sole prerogative of the Bank.
• Auto-Renewal Facility DCB Bank provides an auto-renewal option, ensuring your FD continues to earn interest even after maturity, without any intervention. This is particularly helpful for long-term investors who want peace of mind and uninterrupted capital growth.
• Online Fixed Deposit FD can be booked online via DCB Zippi Online Fixed Deposit/ DCB Zippi+ Mobile App (available on both Google Play Store and Apple App Store)/ DCB Mobile Banking App or DCB Personal Internet Banking, all without visiting a branch and a paperless journey. Just few clicks to open your FD.
• Nomination Facility DCB Bank offers a nomination facility, ensuring that loved ones of the account holder can claim the funds in the FD in the event of account holder’s sudden demise. It's a small step with a big impact, ensuring the savings are protected and easily transferred when needed.

Benefits of opening DCB Fixed Deposit:

Opening DCB Fixed Deposit gives more than just good returns—it gives peace of mind, planning power, and financial freedom.

• Guaranteed Returns and Capital Growth FDs offer fixed and assured returns, which means you know the exact amount that will be earned at the end of the deposit tenure. This helps in better budgeting and financial planning. It’s a low-risk way to watch your capital grow steadily over time.
• Effective Financial Planning DCB Fixed Deposit helps individuals structure savings according to the goals—be it for travel, education, retirement, or emergency funds. FD can be aligned with life goals to stay prepared for the future, with predictable earnings and flexible tenure.
• Tax-Saving Opportunity By investing in DCB Tax Saver Fixed Deposit, you can claim deductions up to ₹1.5 lakh under Section 80C of the Income Tax Act. Please consult a registered and qualified tax practitioner for due advice and applicability of tax rules.
• Emergency Liquidity Support In case of urgent financial requirements, DCB Bank allows availing a loan against FD, up to a defined percentage. This ensures you receive the funds when needed while keeping the FD intact and continuing to get interest earnings.
• Better Rates for Senior Citizens & Super Senior Citizens We provide preferential senior citizen FD rates. For individuals aged 60 years or older, an extra interest rate is offered than regular customers, ensuring that the retirement corpus works harder for you. It’s a reliable option for post-retirement income planning. For seniors 70 years or older, an added benefit is given, providing a higher interest rate than senior citizens.

Interest rates on DCB Fixed Deposit:

DCB Bank offers competitive interest rates on its Fixed Deposit, varying based on the deposit amount and tenure. For the latest interest rates, please visit DCB Bank Fixed Deposit Interest Rates page. Additionally, you can check FD interest rates via DCB Bank on WhatsApp feature.

How to open an FD with DCB Bank?

To open a fixed deposit, the following is the eligibility criteria:

• Eligible for booking FD: Resident Indians, persons of Indian origin, overseas citizens, HUFs, and non-resident Indians (NRIs)
• Business entities eligible: Partnership firms, sole proprietorship firms, limited companies, HUFs, and trust accounts
   

Documents required:

• Identity Proof (Aadhaar number, Passport)
• Address Proof (Utility Bill, Aadhaar number)
• Passport Photos
   

Want to know how to open an FD? Please visit the nearest DCB Bank branch or open a Fixed Deposit (FD) online using DCB Zippi Online Fixed Deposit website/ DCB Zippi+ Mobile App (available on both Google Play Store and Apple App Store) or feel free to contact DCB Customer Care for complete help to open a FD. 
DCB Customer Care: 022-68997777 or 040-68157777.

How to renew a Fixed Deposit?

Renewing a fixed deposit ensures continued investment without interruption.

Auto-Renewal:

• Opt for auto-renewal at the time of FD creation.
• The FD will renew automatically upon maturity.​
   

Manual Renewal:

• Visit the bank branch or connect with DCB Customer Care.
• On the Bank’s website if you have a valid DCB Personal Internet Banking login, please navigate to the fixed deposit section and select the FD nearing maturity.
• Choose the renewal option, modify the tenure or amount if needed, and confirm.
   

Renewal:

• You may choose to renew only the original principal without interest earned or the principal plus interest earned.
   

Updated Interest Rates:

• On renewal, the applicable interest rate will be as per the prevailing FD rates on the renewal date.