If you also earn from investing in fixed deposits, then this news is useful for you. Recently many banks have increased the interest rates on their fixed deposits. With this, customers have now got a chance to earn more. In this series, DCB Bank has also increased the interest rates on its fixed deposits of more than 2 crores.
The bank has given this information on its website. This fixed deposit includes regular, NRE and NRO savings bank accounts. The bank is giving up to 8% return on deposits to its customers. The bank has implemented its new interest rates from 8 May 2023.
DCB Bank is offering 2% return to its customers on deposits of less than 1 lakh. At the same time, it is giving 3.75% return on deposits above 1 lakh and 2 lakh or less. At the same time, the bank is giving excellent returns to its customers on two-year fixed deposits.
Let us tell you, on FD of 700 days or 24 months, the bank is giving its customers a chance to get rich. The bank is giving them a bumper return guarantee of up to 8%. At the same time, the bank is offering up to 8.5 percent interest on fixed deposits to senior citizens.
| Resident, NRE and NRO Savings Bank Account Interest rates (with effect from May 08, 2023) | |
|---|---|
| Balance Range (INR) | Rate of Interest p.a. W.E.F May 08, 2023 |
| On balances up to 1 lakh in the account | 2.00% |
| On balances above 1 lakh to less than 2 lakh in the account | 3.75% |
| On balances from 2 lakh to less than 5 lakh in the account | 5.25% |
| On balances from 5 lakh to less than 10 lakh in the account | 6.25% |
| On balances from 10 lakh to less than 50 lakh in the account | 7.00% |
| On balances from 50 lakh to less than 2 Crore in the account | 7.25% |
| On balances from 2 cr to less than 5 crore in the account | 5.50% |
| On balances from 5 crore to less than 10 Crore in the account | 7.00% |
| On balances from 10 crore to less than 50 Crore in the account | 8.00% |
| On balances from 50 crore to less than 200 Crore in the account | 8.00% |
| On balances from 200 crore and above | 5.00% |
DCB Bank Interest rates
Apart from DCB, other banks have increased the interest rates on their fixed deposits. Bank of Baroda, HDFC, IDFC and IndusInd Bank are also giving their customers a chance to earn big money.
