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
0
Debit Card Charges
Nil.
Annual Maintenance Fees
0
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
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
DCB Elite Savings Account
The account offers low interest rate. However, the account comes loaded with a number of 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 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.