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 is an private sector bank that offers a bouquet of savings account to its customers.
DCB Bank’s Interest Rate on Savings Account
DCB Bank offers interest rate from 3.50% to 6.25%. Deposits up to Rs. 1 lakh fetches an interest rate of 3.50% and amount above Rs.5 crore get the highest rate of interest of 6.25%.
Types of Savings Account of DCB Bank
DCB Bank offers different types of savings account for its customers. Here are some of the types of savings account offered by DCB Bank:
1. DCB Classic Savings Account
The DCB Classic Savings Account is the primary savings account of DCB Bank. The minimum quarterly average balance of the savings account is Rs. 5,000 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:
- Unlimited free access to all DCB Bank and Visa ATMs in India
- Free any branch banking across DCB Bank branches
- Free unlimited use of RTGS / NEFT facility
- Free DCB Internet / Phone / Mobile Banking
2. DCB Basic Savings Bank Deposit Account
This is the zero balance bank account offered by DCB Bank.
Features of the DCB Savings Bank Deposit Account
- Free ATM Card
- Physical and email statement of accounts
- Free any branch banking across DCB Bank branches
- Free unlimited use of RTGS / NEFT facility
- Free DCB Internet / Phone / Mobile Banking.
3.DCB Elite Savings 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 average monthly balance required to be maintained is Rs. 25,000
- Flat 1.60% cash back on all expenditures using the DCB Platinum Debit Card (subject to a maximum cashback of Rs. 2,000 in a month and Rs. 20,000 in a financial year).
- Unlimited free access to all DCB Bank and Visa ATMs in India
- Avail 50% discount on locker fee (subject to maintenance of average quarterly balance of Rs. 1,00,000)
- Free unlimited pay orders / demand drafts
- Free unlimited use of RTGS / NEFT facility.
4.DCB Family Savings Account
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
- Personalized PAP (Pre-Authorized Payment) Chequebook of 25 leaves free, per month per account in a family group.
- Get access to a host of investment products and services. Avail attractive rates for Life Insurance Term Plan and Group Personal Accident policy.
- Additionally, the Bank also provides the accounts under the Family Savings Account the following three provisions which are also available to an Elite Savings Bank Account holder:
- Flat 1.60% cashback on all expenditures using the DCB Platinum Debit Card (subject to a maximum cashback of Rs. 2,000 in a month and Rs. 20,000 in a financial year).
- Free unlimited use of RTGS / NEFT facility.
- Unlimited free access to all DCB Bank and Visa ATMs in India
5.DCB Shubh-Labh 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:
- Maintain
the required AQB as explained in the illustration
- Transact
using your DCB Shubh-Labh Platinum debit card to Earn Cashback every quarter
6.DCB Bank Privilege Savings Account
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
account holder would be issued a DCB Platinum Debit Card with ATM cash
withdrawal limit of Rs. 1 lakh and Point of Sale (POS) limit of Rs. 1.5 lakh
per day.
- Priority
service at branches through a dedicated relationship manager for a hassle-free
banking experience
- Unlimited
access to all Visa ATMs pan-India
- DCB Cashback Savings
Account
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:
- Unlimited
free access to all DCB Bank and Visa ATMs in India
- Free
any branch banking across DCB Bank branches
- Free
unlimited use of RTGS / NEFT facility
- Free
Demand Draft and Pay Orders up to Rs. 1 lakh per day
Tags:
savings account,
dcb bank,
dcb bank savings account
