The minimum amount to open a DCB suraksha fixed deposit account is Rs 10,000. This account can be opened by any person whose age is 18-54 years. The maximum deposit amount in this account is Rs 50 lakh.
There are many small banks in the country which are giving a good interest on the deposited capital. Attractive interest rates are being offered from savings accounts to fixed deposits. One of these banks is DCB Bank. DCB Bank runs a scheme called DCB Suraksha Fixed Deposit which is only for 36 months. There are many more facilities available on this along with free insurance of 50 lakhs.
DCB Bank operates fixed deposit accounts ranging from 7 days to 120 months. In this, free insurance cover of up to 50 lakh is being given on FD account of 36 months with 6.50 percent interest. Talking about the interest rate, 4.55 percent on deposits for 7-14 days, 4.55 percent on FDs of 15-45 days, 4.50 percent on FDs of 46-90 days, 5.25 percent on FDs of 91 days to 6 months, 6 -5.70 percent on FDs up to 12 months, 5.80 percent on FDs of 12-15 months, 6% on FDs from 15 months to 18 months, 6.40 percent on FDs of 18 months to 700 days, 6.40 percent on FDs of 700 days , 6 percent interest is being given on FDs ranging from 700 days to 36 months, 6.50 percent on FDs of 36 months and 6.50 percent on FDs of 36 months to 120 months. The annual yield on all these FD accounts is higher than the interest rate. The annual yield of 9.06 percent is being given on FDs from 60 months to 120 months.
Features of this FD Account
There are many features of DCB suraksha fixed deposit which are benefited by the customers. With this fixed deposit scheme, customers get a life insurance cover of up to Rs 50 lakh. This insurance is in the name of the person in whose name the DCB Suraksha Fixed Deposit account is opened. Insurance cover will be available starting from 18 years till 55 years. That is, if an 18-year-old customer opens a DCB Suraksha fixed deposit account, then till his age is 55 years, he will get a life insurance cover of Rs 50 lakh. To open a DCB Suraksha Fixed Deposit account, the customer needs to provide PAN, nominee name and email id. The tenure of this fixed deposit is 36 months. On this FD of 36 months, customers will get an interest of 6.50 percent.
Minimum deposit amount to open an account
The minimum amount to open a DCB suraksha fixed deposit account is Rs 10,000. This account can be opened by any person whose age is 18-54 years. The maximum deposit amount in this account is Rs 50 lakh. This amount will be deposited in the form of FD in the name of the primary account holder. There is also a special rule to get the maximum life insurance amount under this account. The amount deposited in the DCB Suraksha Fixed Deposit account will get a life cover of Rs. Since a maximum of Rs 50 lakh can be deposited in this account. Therefore, a provision has been made to provide a maximum life cover of Rs 50 lakh.
Know about insurance of 50 lakhs
Most importantly, to get a life cover of up to Rs 50 lakh, the customer does not have to pay any separate amount. If the same person takes multiple DCB Suraksha fixed deposits in his own name, then he will get a life cover of Rs 50 lakh on each FD and all these life covers will be absolutely free. A certificate of life insurance is sent to the customer on his email id within 15 days of account opening.
If one has already taken a fixed deposit in this bank, then he/she will not get the insurance cover of 50 lakhs as this facility is only for security fixed deposits. If you want to take the benefit of insurance, then the customer has to take a separate DCB Suraksha Fixed Deposit along with any previous FD. If you need money in an emergency, you can withdraw money from this account. With the withdrawal of money, the facility of insurance cover will also stop automatically.
