Product Details
Bank Name
DCB Bank
Account Name
DCB Basic Savings Bank Deposit Account
Account Type
Saving
Interest Rate
Up to 1 lakh-1.75% and from 1 lakh to less than 5 Lakh: 2.75% and from 5 lakh to less than 10 Lakh: 4.75%, and from 10 lakh to less than 25 Lakh: 7.40%.
Free Debit Card
Yes
Account Opening Fees
0
Debit Card Charges
0
Annual Maintenance Fees
0
NEFT Charges
Free through Net Banking
Minimum Account Balance
0
IMPS Charges
AMB is Rs.25,000 or more: Free
AMB is less than Rs. 25,000: 10 transactions free per month; thereafter per transaction charges are upto Rs. 7.50 per transaction
Fees and Charges of
DCB Basic Savings Bank Deposit Account
DCB Basic Savings Bank Deposit Account
Special Features
Zero balance account.
Eligibility Criteria
Indian resident.
Age should be a minimum of 18.
Benefits
Features, Eligibility and Benefits of
DCB Basic Savings Bank Deposit Account
Pros & Cons of
Pros
Free NEFT and IMPS transfer (upto a threshold).
Zero balance account.
Free debit card.
Cons
Limited value add features.
Interest rate is average.
DCB Basic Savings Bank Deposit Account
DCB Basic Savings Bank Deposit Account Review
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
DCB Basic Savings Bank Deposit Account
Account Opening and Procedure of
How to open an Account?
You can open a DCB Basic Savings Bank Deposit Account (BSBDA) by visiting the nearest DCB Bank branch.
Eligibility:
You must be an Indian resident.
You must be at least 18 years old.
Documents required:
Photo ID proof (Aadhaar card, PAN card, etc.)
Address proof (Aadhaar card, driving license, etc.)
Passport-size photographs