Product Details
Bank Name
DCB Bank
Eligibility
Any individual between the age of 18 years and 54 years is eligible to open a DCB Suraksha Fixed Deposit.
Interest Rate
3.75 % to 9%
Tenure
DCB Suraksha Fixed Deposit tenure 36 months
Fixed Deposit Type
SURAKSHA FIXED DEPOSIT
DCB SURAKSHA FIXED DEPOSIT
Tax Benefits
No
Credit Ratings
CRlStL A1+
Interest Payment Frequency
Choose to take interest payout on monthly/Quarterly/Half yearly/Yearly basis
Cummulative/Non-Cummulative
No information provided
Features
Free life insurance cover along with Fixed DepositMaximum life insurance cover available is INR 10 Lakh across all DCB Suraksha Fixed Deposits held in the name of the primary applicantInsurance cover is valid from the age of 18 years till the account holder attaining the age of 55 years for resident individualsDCB Suraksha Fixed Deposit tenure is 36 monthsNo medical test required for the insurance coverMinimum documentation required
Minimum Investment Amount
The minimum deposit amount for a DCB Suraksha Fixed Deposit is Rs.10,000.
Fees and Charges
Pros
Free Life Insurance Cover
Attractive Interest Rates
Minimum Documentation & Easy Application
Premature Withdrawal Allowed
No Medical Test
Cons
Limited Tenure
Lower Coverage Compared to Standalone Insurance
Early Withdrawal Penalty
Coverage Stops at 55
Pros & Cons
Account Opening and Procedure
How to Open?
Visit your nearest DCB Bank branch: DCB Suraksha FDs are currently not available online. You'll need to visit a branch in person.
Application Procedure
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