Fixed Deposit Details
Bank Name
DCB Bank
Eligibility
Be a resident of India: This means you must be ordinarily residing in India.
Interest Rate
3.75 - 7.64
Tenure
DCB Diamond Khushiyali Deposit for minimum of 1 year and maximum of 10 years, in multiples of one month.
Fixed Deposit Type
Regular
DCB PRAGATI DEPOSIT
Tax Benefits
Credit Ratings
CRlStL A1+
Interest Payment Frequency
Choose to take interest payout on monthly/Quarterly/Half yearly/Yearly basis. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
Save and deposit small amounts every month. The larger the deposit amount per month, the higher the assured maturity valueMinimum installment amount is Rs. 500 per month and in multiples of Re. 1 thereafterAssured amount at maturityFlexibility in making payments. No extra charges even if you miss your deposit installmentReceive SMS alerts for monthly deposit installment
Minimum Investment Amount
Minimum installment amount is Rs. 500 per month and in multiples of Re. 1 thereafter
Features & Benefits
Pros
- Assured Returns
- Flexibility
- No Penalty for Missed Installments
- You may be eligible for a loan or overdraft facility against your deposit (subject to bank's approval).
- Senior Citizen Benefit
Cons
- No Tax Benefits
Pros & Cons
How to Open?
- Visit a DCB Bank Branch: This is the traditional method. Here's what you'll need to do:Locate your nearest DCB bank branch. Ask for a DCB Pragati Deposit account opening form. Fill out the form with your details. Provide the required documents, which typically include:Identity proof (Aadhaar card, PAN card, etc.) Address proof (electricity bill, bank statement, etc.) Recent passport-sized photograph Choose your deposit tenure (minimum 1 year, maximum 10 years in multiples of a month) and monthly installment amount (minimum Rs. 500 in multiples of Rs. 50 thereafter). Select a linked savings account from which your monthly installments will be automatically deducted. Discuss any questions you may have with a bank representative. Once everything is finalized, submit the form and documents.
- Open an Online Account through DCB Zippi (if you're a DCB customer): This is a faster and more convenient option.Visit the DCB Zippi website ( https://www.dcbbank.com/dcb-fixed-deposits ) You'll need to be a registered user of DCB Zippi and have your Aadhaar card and PAN card handy for verification. Choose "DCB Pragati Deposit" from the available deposit options. Select your preferred tenure and monthly installment amount. Link your existing DCB savings account for automatic debit of installments. Complete the online application and confirm the details.
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