DCB Bank modifies cost savings account, FD rates of interest

Synopsis The bank now uses FD rates of interest approximately 8% for routine consumers and 8.50% for elderly people, with the optimum rate of interest of 8% on cost savings accounts.Getty ImagesDCB Bank has actually increased cost savings accounts and repaired deposit rates of interest for deposits listed below Rs 2 crore. The brand-new rates work from March 10, 2023, according to the DCB Bank site. After the modification, the bank is now using the greatest rate of interest of 8% on cost savings accounts and FD rates of interest of as much as 8% for routine consumers and 8.50% for seniors. Check out: Suryoday Small Finance Bank introduces unique ladies’s cost savings account with up to 7% interest rates: Check information Read more at: DCB Bank cost savings account interest rates The bank will provide an interest rate of 2.25% on accounts up to Rs 1 lakh, while DCB Bank will use an interest rate of 4.00% on balances over Rs 1 lakh to listed below Rs 2 lakh. The bank will use a rate of interest of 5.00% with balances in between Rs 2 lakh and less than Rs 5 lakh, while DCB Bank will pay a rate of interest of 6.00% on accounts with balances in between Rs 5 lakh to less than Rs 10 lakh. For balances in between Rs 10 lakh and less than Rs 50 lakh, DCB Bank will pay a rates of interest of 7.00%. On balances in between Rs 50 lakh and less than Rs 2 crore, DCB Bank will now provide a rate of interest to 7.25%. Rate of interest of 5.50% will be paid on account balances in between 2 cr and less than 5 cr, and in between 5 crore and less than 10 crore, at a rate of 7.00%. DCB Bank is providing a rates of interest of 8% on account balances in between Rs 10 crore to less than Rs 200 crore, while a 5% rate of interest for deposit beyond Rs 200 crore. Balance Range (INR)Rate of Interest p.a. W.E.F March 10, 2023On balances as much as 1 lakh in the account2.25%On balances above 1 lakh to less than 2 lakh in the account4.00%On balances from 2 lakh to less than 5 lakh in the account5.00%On balances from 5 lakh to less than 10 lakh in the account6.00%On balances from 10 lakh to less than 50 lakh in the account7.00%On balances from 50 lakh to less than 2 Crore in the account7.25%On balances from 2 cr to less than 5 crore in the account5.50%O
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