Different individuals need different savings bank accounts to suit their needs. This is the reason why various banks have launched different types of Savings Accounts in order to help customers maximise their money through higher bank interest rates.
DCB Bank has brought in contemporary technology and infrastructure including internet banking facilities for business banking customers. DCB Bank transacts with the following business segments: Retail, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC) and Small and Medium Enterprises (SME).
DCB Bank offers the following bank interest rates:
4% per annum interest if the balance in the account is up to Rs. 1 Crore.
For balances between Rs. 1 Crore and up to Rs. 5 Crore, the rate of interest provided is 6.25% per annum.
The DCB Classic Savings Account is the primary savings account of DCB Bank. The minimum quarterly average balance of the savings account is Rs. 5000 for branches in the Tier 1 cities and Rs. 2500 for branches in the Tier 2 cities. The rate of interest paid on balance in DCB Savings Accounts is 4% per annum. The interest is paid every half yearly, in September and in March.
Features of the DCB Classic Savings Account:
This is the zero balance bank account offered by DCB Bank.
Features of the DCB Savings Bank Deposit Account
The DCB Elite Savings Account is a premium type of savings account offered by DCB Bank. With high transaction limits, this requires a higher average monthly balance than a Classic Savings Bank Account. DCB Bank gives its Elite Savings Account holders to choose their account number.
Features of the DCB Elite Savings Bank Account are:
The proposition of this account is one family one account. The minimum number of members in the family must be two and the maximum can be five. The required average balance can be maintained in one account or combination of family accounts. This account must have an average quarterly balance of Rs. 1 Lakh.
Features of the DCB Family Savings Account
In this type of account, the account holder can earn up to 8.80% interest per annum on his balance.
To earn Cashback, you have to fulfill the following conditions:
This type of Account enables account holders to hold a total relationship value of Rs. 5 lakh through a combination of Savings Account + Fixed Deposits held with the Bank.
Features of the DCB Bank Privilege Savings Bank Account are:
The key benefit of this type of Account is that it is an account that rewards you with cash back of up to Rs. 6,000 in a financial year for every purchase you make using your DCB CashBack Debit Card. The Minimum Quarterly Average Balance (QAB) for the CashBack Savings Account is Rs. 10,000.
Features of the DCB CashBack Savings Account are:
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