Product Details
Bank Name
DCB Bank
Account Name
DCB Happy Savings 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
No
Account Opening Fees
0
Debit Card Charges
Visa Classic credit card with an issuance fee of INR 199 and thereafter INR 99 annually.
Annual Maintenance Fees
0
NEFT Charges
Free through Net Banking
Minimum Account Balance
Rs. 10,000 and for the purpose of cashback the minimum average quarterly balance is Rs 25,000
IMPS Charges
AMB is 25,000 or more: Free
AMB is less than 25,000: 10 transactions free per month; thereafter per transaction charges as below:
Upto 1,000: Nil
1,001 and upto 25,000: 4.50 per transaction
25,001 and above: 7.50 per transaction
Fees and Charges of
DCB Happy Savings Account
DCB Happy Savings Account
Special Features
Cashback on all UPI transactions grater than INR 500.
Eligibility Criteria
All resident Indian individuals and HUF are eligible to open this account.
Benefits
Features, Eligibility and Benefits of
DCB Happy Savings Account
Pros & Cons of
Pros
Cashback on all UPI transactions greater than INR 500. Maximum cashback in a year is INR 7,500.
Cons
No free debit card.
Low interest rate.
DCB Happy Savings Account
DCB Happy Savings Account Review
The account comes with low interest rate and offers minimal 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 Happy Savings Account
Account Opening and Procedure of
How to open an Account?
To open a DCB Happy Savings Account, you'll need to visit a DCB Bank branch in person. Here's what you'll generally need:
Documents:
Proof of Identity: Aadhaar card, PAN card, passport, or voter ID card
Proof of Address: Recent utility bill (electricity, water, gas), driver's license, or passport
Recent passport-sized photographs
Steps:
Visit a DCB Bank Branch: Locate the nearest DCB Bank branch to you.
Obtain an Account Opening Form: Request an account opening form from the bank staff.
Fill Out the Form: Complete the form accurately with your personal details.
Submit Documents: Submit the completed form along with the required documents and photographs.
Account Activation: Once your application is processed and approved, your account will be activated.