Good news for investors! This bank increased interest on savings account and FD, benefit up to 8.50%

[ad_1]

New Delhi: Private sector DCB Bank has increased interest rates on savings accounts and fixed deposits (FDs). After this increase, the bank is giving 8.00 percent interest to the savings account holders.

Along with this, common investors are getting maximum 8.00 percent interest on FD and senior citizens are getting 8.50 percent interest. According to the official website of the bank, no interest rates have been implemented since May 8, 2023.

interest rate on savings account in dcb bank

Savings Account 2.00% on balances up to Rs 1 Lakh, 3.75% on balances between Rs 1 Lakh and Rs 2 Lakh, 5.25% on balances between Rs 2 Lakh and less than Rs 5 Lakh and Savings Account up to Rs. 6.25% interest will be available on balance less than Rs 5 lakh.

In savings account Rs. 10 lakh to Rs. 7.00% for balance below Rs.50 lakh, Rs. 50 lakh to Rs. 7.25 per cent for balance below Rs.2 crore, Rs. 5.50% for balances less than Rs.2 cr, 7.00% for balances less than Rs.10 cr, 8.00% for balances less than Rs.10 cr to Rs.200 cr, 5.00 for balances above Rs.200 cr in savings account % Interest.

FD interest rate in DCB Bank

7 days to 45 days on FD – 3.75%

46 days to 90 days on FD – 4.00%

On FDs from 91 days to less than 6 months – 4.75%

6 months to less than 12 months on FD – 6.25 percent

1 year to less than 15 months on FD – 7.25 percent

On FD less than 15 months to 18 months – 7.50%

7.75% on FDs from 18 months to less than 700 days

700 days to less than 3 years on FD – 8.00%

– FD from 3 years to 5 years. at 7.75 percent

Let us tell you that the bank is giving an additional interest of 0.50 percent on getting FDs to senior citizens.