Product Details
Bank Name
DCB Bank
Account Name
DCB Privilege 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
Yes
Account Opening Fees
0
Debit Card Charges
0
Annual Maintenance Fees
0
NEFT Charges
Free through Net Banking
Minimum Account Balance
Rs. 5,00,000
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 Privilege Savings Account
DCB Privilege Savings Account
Special Features
Dedicated relationship manager.
Eligibility Criteria
Indian resident above 18 can open the account.
Benefits
Features, Eligibility and Benefits of
DCB Privilege Savings Account
Pros & Cons of
Pros
Priority service at branches for expedited banking transactions.
DCB Debit Card - Choice of Visa or Rupay Platinum Card.
5 free transactions per month at Visa ATMs.
Free demand drafts and pay orders upto 5 Crore per month.
Cons
DCB has limited branch network.
Low interest rate.
DCB Privilege Savings Account
DCB Privilege Savings Account
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 Privilege Savings Account
Account Opening and Procedure of
How to open an Account?
To open a DCB Privilege Savings Account, you can follow these steps:
1. Visit the DCB Bank Branch:
Locate the nearest DCB Bank branch to your residence.
Visit the branch during business hours.
Request an account opening form from the bank representative.
2. Fill Out the Application Form:
Provide accurate and complete information in the application form, including your personal details, contact information, and other required information.
3. Submit Required Documents:
Submit the following documents along with the filled-out application form:
Identity Proof: Aadhaar card, PAN card, passport, or voter ID card
Address Proof: Recent utility bills, driver's license, or passportPhotographs: Two recent passport-sized photographs
4. Deposit the Minimum Balance:
Deposit the minimum balance required to open the Privilege Savings Account. The exact amount may vary, so it's best to inquire with the bank representative.
5. Account Activation:
Once the bank verifies your documents and processes your application, your account will be activated. You will receive your account details, including your account number, cheque book, and debit card.