DCB Bank revises interest rates on fixed deposits. Check the latest FD rates here

Fixed deposits (FD) remain one of the most popular financial instruments among age groups that offer guaranteed returns. Existing and potential clients can invest money in DF for a specific period, ranging from seven days to 10 years. Above all, seniors have always preferred to take the FD route because it offers them a safe option to park their investment after retirement to obtain good returns in terms of stable income. Banks generally pay a higher interest rate to seniors compared to the general public on FD accounts.

DCB Bank revised interest rates from May 15, 2021 on term deposits (FD). Ranging from 7 days to 10 years, DCB Bank offers FD on various mandates. The private lender offers an interest rate of 4.55% of the FD with a maturity of between 7 days and 14 days, 5.25% for those between 91 days and less than 6 months, while the bank distributes 5.70 % for 6 months to less than 12 months. Also, for FDs maturing in 12 months to less than 15 months, the bank gives an interest rate of 5.80%, while the FD interest rate for 15 months to less than 18 months is 6.00%.

Consult the revised prices as of May 15, 2021:

From 7 days to 14 days: 4.55%

15 days to 45 days: 4.55%

46 days to 90 days: 4.50%

91 days to less than 6 months: 5.25%

6 months to less than 12 months: 5.70%

12 months to less than 15 months: 5.80%

15 months to less than 18 months: 6.00%

18 months to less than 700 days: 6.00%

700 days: 6.40%

More than 700 days to less than 36 months: 6.00%

36 months: 6.50%

Over 36 months to 60 months 6.50%

The bank offers a slightly higher rate to seniors on all maturities. After the recent adjustment, seniors will continue to benefit from an interest rate FD 0.50% higher than that of the general public.

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