DCB or Development Credit Bank is registered as a private sector scheduled commercial bank. It has over 150 branches and more than 400 ATM’s across India. It focuses on small and medium businesses, individuals, and rural banking. It also services the corporate world across various branches.

DCB is spread across 17 states with the Aga Khan Fund for Economic Development beings its main promoter. The merger of the Masalawala Co-Operative Bank and Ismailia Co-Operative Bank Limited formed the Development Credit Bank. DCB procured its license from the Reserve Bank of India in 1995.

DCB bank fd rates

DCB offers various fixed deposit schemes to various customer segments. The Resident Indian FD tenor ranges from 7 days to 120 months.

Fixed deposit Interest rate for Indian Citizens:

 MaturityAmount below 1 crore

(Domestic deposit only)

Amount 1-5 crores

(Domestic, NRO & NRE deposits)

 7-14 days 4.00% 5.00%
15-45 days 4.00%5.25%
 46-90 days5.00% 6.25-7.00%
 90 days – 6 months6.25% 7.40%
 6-12 months 7.65% 7.60-7.75%
 12-13 months 7.80% 7.80%
 13-18 months 7.85% 7.80%
 18-24 months 7.90% 7.90%
 24-36 months 8.00% 7.90%
 36-60 months 8.00% 7.75%
60-120 months 7.90% 7.75%

The Non Resident External FD tenor ranges from 12 months to 120 months and the Non Resident Ordinary FD tenor ranges from 7 days to 120 months. The DCB offers highly competitive rates with additional benefits provided to senior citizens.

NRE fixed deposit rates below 1 crore:

 Maturity PeriodInterest rate for amount below 1 crore
 12-13 Months 7.80%
 13-18 Months 7.85%
 18-24 months 7.90%
 24-36 Months 8.00%
 36-60 Months 8.00%
 60-120 Months 7.90%

NRO fixed deposit Interest rate:

MaturityInterest rate for amount below 1 crore
 7-14 days 4.00%
 15-45 days 4.00%
46-90 days 5.00%
91 days – 6 months 6.25%
 6-12 months 7.65%
 12-13 months 7.80%
 13-18 months 7.85%
 18-24 months 7.90%
 24-36 months 8.00%
 36-60 months 8.00%
 60-120 months 7.90%

Important notes:

  • .50% additional interest is applicable for senior citizens.
  • Treasury approval is necessary for deposits above 1 crore.
  • Minimum tenor for NRE fixed deposit is 1 year.
  • No additional interest will be provided to senior citizens in case of NRE and NRO deposits.

Source: http://www.dcbbank.com/cms/showpage/page/dcb-fixed-deposits/ppage/deposit-rates