The bank has reduced the interest rates on FD. Despite this, customers are getting 8.50% return. New rates are applicable. Let’s find out how much return customers will get on how many days’ tenure?
Private sector DCB Bank has changed the interest rates of fixed deposits (Bank FD Rates). Interest rates have been reduced by 20-25 bps. New interest rates have been implemented for HDs less than Rs 3 crore. Even after the reduction in interest rates, the bank is offering attractive returns to the customers.
The bank has reduced the interest rates of HDs of less than 10 months to 12 months by 20 basis points. Now customers will get 7.05% interest instead of 7.25%. At the same time, the interest rate of tenure from 12 months to 12 months 10 days has been reduced by 25 bps. Customers will now get 7.50% return on this term deposit instead of 7.75%.
Highest returns will be available on FDs of this duration
The bank is offering the highest returns on HDs of 15 months to less than 16 months. The interest rate for general citizens is 8%. Senior citizens are getting 8.50% return. The bank is offering more than 7% return on all FDs from 10 months to 120 months. One year FDs are getting 7.10% and senior citizens are getting 7.60% interest. The minimum interest rate for general citizens is 3.75%. The minimum interest rate for senior citizens is 4.25%. The bank is giving 0.50% extra interest to senior citizens on all tenures.
Interest rates as per tenure
7 days to 45 days – 3.75%
46 to 90 days – 4%
91 days to less than 6 months – 4.75%
6 months to less than 10 months – 6.20%
10 months to less than 12 months – 7.05%
12 months – 7.10%
More than 12 months and up to 12 months 10 days – 7.50%
12 months 11 days to less than 15 months – 7.75%
15 months to less than 16 months – 8%
16 months to 17 months – 7.15%
17 months 1 day to 18 months 5 days – 7.10%
18 months 6 days to 700 days – 7.40%
700 days to less than 37 months – 7.50%
37 months to 38 months – 7.85%
More than 38 months and less than 61 months – 7.40%
61 months – 7.65%
More than 61 months and up to 120 months – 7.25%
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