DCB Bank Hikes Fixed Deposit Interest Rates; Check Revised Rates here
DCB Bank has increased the fixed deposit interest rates by up to 40 bps. Check out all the latest FD interest rates in detail.
Private bank DCB Bank on Wednesday announced a hike in the interest rates for fixed deposits under Rs. 2 crores. According to the bank’s official website, the fixed deposit interest rates would go live from October 17, 2022. In addition, general public would be able to earn up to 7.50%, which is a significant increase above the inflation rate of 7.41% in September 2022.
Revised Interest Rates For DCB Bank Fixed Deposits
In the following section, we will take a closer look at the newly raised fixed deposit interest rates for different tenures for DCB Bank:
For FDs ranging from 7 to 14 days, the interest rate has been increased to 3.75% p.a. For senior citizens, the interest rate is 4.25% p.a. for the same duration.
For FDs ranging from 15 to 45 days, the interest rate has been increased to 3.75% p.a. For senior citizens, the interest rate is 4.25% p.a. for the same duration.
For FDs ranging from 46 to 90 days, the interest rate has been increased to 3.75% p.a. For senior citizens, the interest rate is 4.25% p.a. for the same duration.
For FDs ranging from 91 days to less than 6 months, the interest rate has been increased to 4.50% p.a. For senior citizens, the interest rate is 5.00% p.a. for the same duration.
For FDs ranging from 6 months to less than 12 months, the interest rate has been increased to 5.70% p.a. For senior citizens, the interest rate is 6.20% p.a. for the same duration.
For FDs ranging for 12 months, the interest rate has been increased to 6.10% p.a. For senior citizens, the interest rate is 6.60% p.a. for the same duration.
For FDs ranging from more than 12 months to lesser than 15 months, the interest rate has been increased to 6.10% p.a. For senior citizens, the interest rate is 6.60% p.a. for the same duration.
For FDs ranging from 15 months to less than 18 months, the interest rate has been increased to 6.75% p.a. For senior citizens, the interest rate is 7.25% p.a. for the same duration.
For FDs ranging from 18 months to less than 700 days, the interest rate has been increased to 6.75% p.a. For senior citizens, the interest rate is 7.25% p.a. for the same duration.
For FDs ranging for 700 days, the interest rate has been increased to 7.10% p.a. For senior citizens, the interest rate is 7.60% p.a. for the same duration.
For FDs ranging from more than 700 days to less than 36 months, the interest rate has been increased to 7.50% p.a. For senior citizens, the interest rate is 8.00% p.a. for the same duration.
The interest rate for FDs with terms up to 36 months has raised by 40 basis points to 7.50% p. a. For senior citizens, the interest rate is 8.00% p.a. for the same duration.
For FDs ranging from more than 36 months to 60 months, the interest rate has been increased to 7.25% p.a. For senior citizens, the interest rate is 7.75% p.a. for the same duration.
For FDs ranging from more than 60 months to 120 months, the interest rate has been increased to 7.00% p.a. For senior citizens, the interest rate is 7.50% p.a. for the same duration.
Disclaimer: The interest rates mentioned in this article are recorded at the time of writing and are subject to change. BQ Prime does not endorse any of the fixed deposit interest rates mentioned above. Please invest at your own discretion.