DCB Bank| DCB Elite Savings Accountaccount Interest Rates, Minimum Balance, Features

Product Details

Bank Name

DCB Bank

Account Name

DCB Elite Savings Account

Account Type

Saving

Interest Rate

Up to 1 lakh-2.25% and From 25 lakh to less than 2 Crore - 7.00%

Free Debit Card

Yes

Account Opening Fees

Debit Card Charges

Nil.

Annual Maintenance Fees

NEFT Charges

Free through Net Banking

Minimum Account Balance

INR 25000

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 Elite Savings Account

Special Features

Account holder can choose any number of their choice as account number.

Eligibility Criteria

• Above 18.
• Indian resident.

Benefits

Features, Eligibility and Benefits of

DCB Elite Savings Account

Pros & Cons of

Pros

• Account Number of your choice.
• 50% discount on locker fee (subject to maintenance of average quarterly balance of Rs. 1,00,000).
• High interest rate.

Cons

• Ujjivan has limited branch and ATM network.
• Minimal value add features.

DCB Elite Savings Account

The account offers low interest rate. However, the account comes loaded with a number of value add features.

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 Elite Savings Account

Account Opening and Procedure of

How to open an Account?

1. Check Eligibility:

• Financial Criteria: You'll likely need to meet specific financial criteria, such as maintaining a minimum AQB.
• Contact DCB Bank: Reach out to DCB Bank directly (via their website, app, or customer service) to inquire about the exact eligibility requirements for the Elite Savings Account.

2. Gather Documents:

• Identity Proof: Aadhaar card, PAN card, passport, driver's license, or voter ID.
• Address Proof: Passport, driver's license, voter ID, utility bills, or bank statements.
• Photographs: Two recent passport-sized photographs.

3. Visit a DCB Bank Branch:

• Schedule an Appointment: It's advisable to schedule an appointment with a Relationship Manager at the bank branch.

4. Complete the Application:

• Provide Information: Fill out the application form with your personal and financial details.
• KYC Verification: Undergo Know Your Customer (KYC) verification by providing necessary documents.

5. Account Opening:

• Approval: Once your application is approved, your DCB Elite Savings Account will be opened.
• Welcome Kit: You may receive a welcome kit with details about your account and its benefits.

Application Procedure

DCB Elite Savings Account