How To Open DCB Bank Savings Account
Here you will get the full information related to dcb bank saving account interest rate. What are the key benefits, features and opening process of the bank account.
Table of Contents
Introduction To DCB Bank Saving Account Interest Rate
DCB Bank Limited is a new-generation private sector bank in India, offering a range of financial services to its customers. As of September 30, 2024, the bank operates 451 branches across the country. Its business segments include Retail, Micro-SME, SME, Mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks, and Non-Banking Finance Companies (NBFC). en.wikipedia.org
Choosing a savings account with a competitive interest rate is crucial for maximizing the growth of your funds. A higher interest rate ensures that your savings earn more over time, helping you achieve your financial goals more efficiently. In this article, we will explore the interest rates offered by DCB Bank on its savings accounts, understand the various savings account options available, and discuss the benefits of selecting a DCB Bank savings account to enhance your financial well-being.
Types Of Saving Account
DCB Bank offers a variety of savings accounts tailored to meet diverse customer needs. Below is an overview of the types of savings accounts available, along with their key features and benefits:
1. DCB Happy Savings Account
- Key Features:
- Earn cashback up to ₹7,500 per annum on UPI transactions.
- Attractive interest rates on account balances.
- Free Internet and Mobile Banking services.
- Benefits:
- Encourages digital transactions with cashback incentives.
- Provides easy access to funds through digital platforms.
- Unlimited access to all DCB Bank ATMs in India.
- Key Features:
- Personalize your account number by choosing the last 8 digits.
- Earn cashback up to ₹20,000 per annum on debit card spends.
- how to open dcb bank account
- Free access to all DCB Bank and Visa ATMs nationwide.
- how to apply for dcb bank account
- 50% discount on locker fees with an average quarterly balance of ₹1,00,000.
- Benefits:
- Enhanced personalization and exclusivity.
- Significant cashback rewards on purchases.
- Additional safety for valuables with discounted locker facilities.
3. DCB Niyo Savings Account
- Key Features:
- Zero forex charges on international card spends.
- Competitive interest rates on account balances.
- Comprehensive digital banking services.
- Benefits:
- Ideal for frequent international travelers.
- Cost-effective foreign transactions.
- Seamless global spending experience.
4. DCB SmartCash Savings Account
- Key Features:
- Earn cashback on debit card spends.
- Attractive interest rates on account balances.
- Free Internet and Mobile Banking services.
- Benefits:
- Rewards regular spending habits.
- Convenient access to funds and account management.
- Encourages cashless transactions with cashback incentives.
5. DCB Privilege Savings Account
- Key Features:
- Maintain a Total Relationship Value (TRV) of ₹5 lakhs across savings accounts, fixed deposits, and investments.
- Earn cashback up to ₹6,000 per annum on debit card spends.
- Free access to all DCB Bank and Visa ATMs nationwide.
- Benefits:
- Maximizes returns through combined account balances and investments.
- Offers substantial cashback rewards.
- Provides comprehensive banking services with added privileges.
6. DCB Classic Savings Account
- Key Features:
- Attractive interest rates on account balances.
- Free Internet and Mobile Banking services.
- Free access to DCB Bank ATMs.
- Benefits:
- Simple and straightforward banking experience.
- Ideal for individuals seeking essential banking services with minimal maintenance requirements.
7. DCB Basic Savings Bank Deposit Account
- Key Features:
- No minimum balance requirement.
- Basic banking facilities.
- Free ATM-cum-debit card.
- Benefits:
- Accessible banking for all individuals.
- No maintenance charges due to zero balance requirement.
- Ideal for customers seeking a no-frills savings account.
Each of these accounts is designed to cater to specific customer preferences, offering a range of features from cashback rewards to personalized account numbers and zero balance requirements. Prospective customers can choose an account that best aligns with their financial needs and lifestyle. dcbbank.com
DCB Bank Interest Rates On Saving Account
As of February 10, 2025, DCB Bank offers the following interest rates on its savings accounts:
| Balance Range (₹) | Interest Rate (% p.a.) |
|---|---|
| Up to 1 lakh | 1.75% |
| Above 1 lakh to less than 5 lakh | 2.75% |
| 5 lakh to less than 10 lakh | 4.75% |
| 10 lakh to less than 25 lakh | 7.40% |
| 25 lakh to less than 50 lakh | 7.50% |
| 50 lakh to less than 1 crore | 7.75% |
| 1 crore to less than 3 crore | 8.00% |
| 3 crore to less than 10 crore | 7.25% |
| 10 crore to less than 25 crore | 7.00% |
| 25 crore to less than 300 crore | 8.00% |
| 300 crore and above | 5.50% |
Interest Calculation Method:
DCB Bank calculates interest on savings accounts daily based on the end-of-day clear balance. The accumulated interest is credited to the account quarterly. This means that your interest is computed every day, providing the benefit of compounding, and is deposited into your account at the end of each quarter.dcbbank.com
Comparison with Other Banks:
When comparing DCB Bank’s savings account interest rates with those of other banks, it’s evident that DCB offers competitive rates, especially for higher balance tiers. Here’s a brief comparison:
- State Bank of India (SBI):
- Balances less than ₹10 crore: 2.70% p.a.
- Balances ₹10 crore and above: 3.00% p.a.
- HDFC Bank:
- Balances less than ₹50 lakh: 3.00% p.a.
- Balances ₹50 lakh and above: 3.50% p.a.
- ICICI Bank:
- End-of-day balances below ₹50 lakh: 3.00% p.a.
- End-of-day balances ₹50 lakh and above: 3.50% p.a.
- Axis Bank:
- Balances less than ₹50 lakh: 3.00% p.a.
- Balances ₹50 lakh and above: 3.50% p.a. ndtvprofit.com
In contrast, DCB Bank offers higher interest rates for substantial balances, with rates reaching up to 8.00% p.a. for balances between ₹1 crore and less than ₹3 crore. This makes DCB Bank an attractive option for individuals and businesses looking to maximize returns on larger deposits.
It’s essential to consider your average account balance and banking needs when choosing a savings account. While DCB Bank provides higher interest rates for larger balances, other banks might offer additional services or benefits that could be relevant to your financial goals.
Factors Affecting Savings Account Interest Rate
Here are the key factors affecting savings account interest rates:
1. Reserve Bank of India (RBI) Guidelines and Repo Rates
- The RBI plays a crucial role in determining overall interest rate trends in the banking sector.
- Repo Rate Impact: The repo rate is the rate at which the RBI lends money to commercial banks. When the repo rate increases, banks often raise their lending and deposit rates, including savings account interest rates. Conversely, when the repo rate decreases, banks may lower deposit rates.
- Regulatory Guidelines: While the RBI does not directly fix savings account interest rates, it requires banks to calculate interest on a daily balance basis and credit it quarterly.
2. Market Trends and Inflation
- Inflation: Higher inflation erodes the real value of savings. Banks may adjust interest rates to offer competitive returns while managing their cost of funds.
- Liquidity in the Market: When there is surplus liquidity, banks may lower interest rates since they do not need to attract additional deposits. Conversely, in times of tight liquidity, banks may offer higher rates.
- Competition Among Banks: Private banks and smaller financial institutions, like DCB Bank, often offer higher interest rates to attract depositors compared to larger banks like SBI or HDFC.
3. DCB Bank’s Policies and Customer Segment Targeting
- Targeted Customer Base: DCB Bank focuses on attracting high-value depositors and digitally active customers. This is why it offers higher interest rates for large balances, unlike major public sector banks.
- Business Strategy: To differentiate itself, DCB Bank provides interest rates as high as 8.00% per annum, especially for customers maintaining balances above ₹1 crore.
- Risk Management: Banks balance deposit interest rates with their loan book. Since DCB operates in retail, SME, and agri-business lending, its deposit rates are aligned with its credit strategy.
How To Open A DCB Bank Savings Account
Opening a DCB Bank Savings Account can be accomplished through both online and offline methods. Here’s a step-by-step guide for each process:
Online Account Opening Process:
- Visit the Official Website:
- Navigate to DCB Bank’s official website: https://www.dcbbank.com/
- Select ‘Savings Account’:
- On the homepage, click on the ‘Savings Account’ option under the ‘Personal’ section.
- Choose the Desired Account Type:
- Browse through the various savings account options and select the one that best suits your needs.
- Initiate the Application:
- Click on the ‘Apply Now’ button associated with your chosen account type.
- Fill Out the Online Application Form:
- Provide the required personal details, including your full name, contact information, and address.
- Upload Necessary Documents:
- Upload scanned copies of essential documents such as Proof of Identity (e.g., Aadhaar Card, PAN Card) and Proof of Address (e.g., utility bills, passport).
- Complete the Verification Process:
- Some accounts may require a video KYC (Know Your Customer) process. Follow the on-screen instructions to complete this step.
- Submit the Application:
- Review all entered information for accuracy and submit your application.
- Await Confirmation:
- Upon successful verification, you will receive confirmation via email or SMS, along with account details and further instructions.
Offline Account Opening Process at a DCB Bank Branch:
- Locate the Nearest Branch:
- Use the branch locator on the DCB Bank website to find the branch closest to you.
- Visit the Branch:
- Go to the selected branch during working hours.
- Consult with a Bank Representative:
- Inform the bank staff of your intention to open a savings account. They will provide you with the necessary application form.
- Complete the Application Form:
- Fill out the form with accurate personal information.
- Provide Required Documentation:
- Submit photocopies of Proof of Identity, Proof of Address, and recent passport-sized photographs. Ensure you carry the original documents for verification purposes.
- Initial Deposit:
- Depending on the type of savings account, you may need to make an initial deposit to meet the minimum balance requirement.
- Verification Process:
- The bank representative will verify your documents and may ask additional questions to complete the KYC process.
- Account Activation:
- Once all procedures are completed, your account will be activated. You will receive a welcome kit containing your passbook, chequebook, and debit card.
Features Of DCB Bank Savings Account
DCB Bank offers a range of savings accounts designed to cater to diverse customer needs, each providing unique features and benefits. Here’s an overview:
1. High-Interest Rates Compared to Industry Standards:
DCB Bank provides competitive interest rates on its savings accounts, especially for higher balance tiers. For instance, balances between ₹10 lakh and less than ₹25 lakh earn an interest rate of 7.40% per annum, while balances from ₹1 crore to less than ₹3 crore earn 8.00% per annum. dcbbank.com
2. Online and Mobile Banking Features:
Account holders can manage their finances conveniently through:
- DCB Personal Internet Banking: Access your account, transfer funds, pay bills, and more.
- DCB Mobile Banking App: Perform banking transactions on-the-go, including checking account balances, transferring funds, and locating ATMs.
These platforms ensure secure and efficient banking anytime, anywhere. dcbbank.com
3. Free ATM Transactions and Debit Card Facilities:
Depending on the type of savings account, DCB Bank offers:
- Free Access to ATMs: Unlimited access to all DCB Bank ATMs in India.
- Debit Card Options: Choice between Visa or RuPay Platinum Debit Cards with enhanced withdrawal limits.
For example, the DCB Elite Savings Account provides an enhanced ATM withdrawal limit of ₹50,000 per day. dcbbank.com
4. Additional Perks:
DCB Bank offers various additional benefits across its savings accounts:
- Cashback Offers: Accounts like the DCB Happy Savings Account offer cashback up to ₹7,500 per annum on UPI transactions. dcbbank.com
- Personalized Account Numbers: The DCB Elite Savings Account allows customers to choose their preferred account number. dcbbank.com
- Zero Forex Charges: The DCB Niyo Savings Account offers zero foreign exchange mark-up on international card spends, making it ideal for frequent travelers. dcbbank.com
- Locker Fee Discounts: Certain accounts provide discounts on locker fees; for instance, the DCB WOW Savings Account offers a 50% discount on locker fees. dcbbank.com
Each DCB Bank savings account is tailored to meet specific customer preferences, ensuring a blend of attractive interest rates, modern banking conveniences, and additional perks to enhance the overall banking experience.
Comparison of DCB Bank Savings Account Interest Rates with Other Banks
When comparing savings account interest rates among DCB Bank, HDFC Bank, State Bank of India (SBI), and ICICI Bank, it’s evident that DCB Bank offers notably higher rates, especially for larger account balances. Here’s a detailed comparison:
DCB Bank:
| Account Balance (₹) | Interest Rate (% p.a.) |
|---|---|
| Up to 1 lakh | 1.75% |
| Above 1 lakh to <5 lakh | 2.75% |
| 5 lakh to <10 lakh | 4.75% |
| 10 lakh to <25 lakh | 7.40% |
| 25 lakh to <50 lakh | 7.50% |
| 50 lakh to <1 crore | 7.75% |
| 1 crore to <3 crore | 8.00% |
HDFC Bank:
| Account Balance (₹) | Interest Rate (% p.a.) |
|---|---|
| Less than 50 lakh | 3.00% |
| 50 lakh and above | 3.50% |
State Bank of India (SBI):
| Account Balance (₹) | Interest Rate (% p.a.) |
|---|---|
| Less than 10 crore | 2.70% |
| 10 crore and above | 3.00% |
ICICI Bank:
| Account Balance (₹) | Interest Rate (% p.a.) |
|---|---|
| Below 50 lakh | 3.00% |
| 50 lakh and above | 3.50% |
Key Takeaways:
- Higher Balances: DCB Bank offers significantly higher interest rates for substantial balances. For instance, balances between ₹10 lakh and less than ₹25 lakh earn 7.40% p.a., and those between ₹1 crore and less than ₹3 crore earn 8.00% p.a.
- Lower Balances: For balances below ₹1 lakh, DCB Bank’s interest rate is 1.75% p.a., which is lower than the rates offered by HDFC Bank, SBI, and ICICI Bank for similar balances.
In summary, if you maintain a higher account balance, DCB Bank provides more attractive interest rates compared to HDFC Bank, SBI, and ICICI Bank. However, for lower balances, the other banks may offer more competitive rates.
Advantages Of DCB Bank Saving Account Interest Rate
1. High Interest Rates:
- DCB Bank offers one of the highest interest rates on savings accounts, going up to 8.00% p.a. for balances above ₹1 crore.
- Competitive rates compared to HDFC, SBI, and ICICI.
2. Digital Banking Facilities:
- DCB Personal Internet Banking for online transactions, fund transfers, and bill payments.
- DCB Mobile Banking App for on-the-go account management, UPI, and mobile recharge.
3. Customer Service:
- Dedicated Relationship Managers for high-value customers.
- 24/7 customer support via phone and email.
- WhatsApp Banking for quick queries.
4. Additional Perks:
- Some accounts offer cashback on transactions and discounts on locker fees.
- Zero forex charges for certain accounts, making it great for travelers.
Disadvantages Of DCB Bank Saving Account Interest Rate
1. Limited Physical Branch Presence:
While DCB Bank does offer digital banking options, its physical branch network is smaller compared to larger banks like SBI, HDFC, or ICICI. This can be inconvenient if you prefer face-to-face service or need to handle specific banking transactions that are only available in-branch.
2. ATM Network Limitations:
- While DCB Bank provides free access to its ATMs, the network of ATMs is limited compared to larger banks. You may find fewer ATMs in rural areas, which could lead to additional charges if you need to use ATMs from other banks.
- Third-party ATM transactions may also incur fees if you don’t have an account with DCB Bank or if the transaction exceeds the free limit.
3. Higher Penalties for Non-maintenance of Minimum Balance:
- If you fail to meet the minimum balance requirement, DCB Bank can charge higher penalty fees compared to other banks, especially on its premium accounts like the DCB Elite or Privilege Savings Accounts. For customers who are not careful, this could lead to higher charges over time.
4. Limited Product Variety for Regular Customers:
- While DCB Bank does offer a variety of savings accounts, the bank has fewer product options for customers with low-to-medium balances or those looking for specialized products like zero balance accounts or more flexible offerings.
- For example, there may be fewer offerings for students or pensioners, who typically look for accounts with no minimum balance requirement.
5. Complicated Terms for High-Balance Accounts:
- While high-balance accounts (e.g., balances over ₹1 crore) benefit from higher interest rates, the terms and conditions for these accounts might be more complex compared to more straightforward savings accounts.
- Relationship management and premium service features often come with additional requirements or charges, which could be overwhelming for some users.
6. Lesser International Recognition:
- DCB Bank, being a relatively smaller player in the banking sector compared to global giants like ICICI or HDFC, might not be as widely recognized internationally.
- This can pose challenges if you need banking services while traveling abroad or if you have any international money transfer needs.
7. Customer Experience Variability Across Branches:
- Since DCB Bank operates fewer branches, the quality of customer service might vary across locations. In some branches, you might experience longer waiting times or less efficient service compared to larger banks with better-established operations.
Tax Implication On Savings Account Interest Rate
When it comes to the interest earned on savings accounts in India, there are specific tax implications that account holders need to be aware of, especially in terms of Tax Deducted at Source (TDS) and tax exemptions. Here’s a breakdown:
1. TDS on Savings Account Interest:
- Tax Deducted at Source (TDS) is applicable on the interest earned from savings accounts if the total interest income exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
- TDS Rate:
- The TDS rate is 10% on the interest earned if your total interest income exceeds ₹40,000 (or ₹50,000 for senior citizens).
- The bank is responsible for deducting TDS before crediting the interest to your account.
- How TDS Works:
- If your total interest income across savings accounts exceeds the threshold, the bank will deduct TDS on the interest earned.
- The TDS is deducted before the interest is credited to your account. You can claim this TDS against your total tax liability when filing your income tax return (ITR).
- Exemptions:
- If your total interest income is below the ₹40,000 (or ₹50,000 for senior citizens) limit, the bank will not deduct any TDS.
- Form 15G/15H:
- If you anticipate your total interest income will be below the taxable limit, you can submit Form 15G (for individuals below 60 years) or Form 15H (for senior citizens) to the bank. These forms declare that your income is below the taxable threshold and request the bank not to deduct TDS.
2. Section 80TTA of the Income Tax Act:
- Tax Exemption on Savings Account Interest:
- Under Section 80TTA of the Income Tax Act, individuals and Hindu Undivided Families (HUFs) can claim a deduction of up to ₹10,000 on interest income earned from savings accounts with banks, post offices, and co-operative banks.
- This deduction applies only to interest earned on savings accounts (not on fixed deposits or recurring deposits).
- Who Can Avail This Benefit:
- Individuals and HUFs can claim this benefit.
- Senior citizens are not eligible for this deduction under Section 80TTA, as they are instead eligible for a higher exemption of ₹50,000 on interest income from savings accounts, fixed deposits, and other investments under Section (80)TTB.
- How It Works:
- If your total interest income from your savings account is less than ₹10,000 in a financial year, you can claim the full amount as a deduction while filing your income tax return.
- If the total interest exceeds ₹10,000, only ₹10,000 will be exempt from tax, and the remaining interest will be subject to tax.
3. Other Tax Considerations:
- Interest Income Taxable:
- The interest earned on savings accounts is considered income from other sources and is subject to taxation according to the applicable income tax slab rates.
- Interest earned on foreign savings accounts is also taxable in India, and you will need to report it while filing your taxes.
- Filing Income Tax Returns (ITR):
- If your interest income exceeds the taxable limit after considering deductions, or if TDS has been deducted, you need to file an Income Tax Return (ITR) and claim any refund (if applicable) on the TDS deducted.
Summary of Key Points:
| Feature | Details |
|---|---|
| TDS on Savings Account Interest | 10% TDS is deducted if interest income exceeds ₹40,000 (₹50,000 for senior citizens). |
| Tax Exemption (Section 80TTA) | Deduction of up to ₹10,000 on interest earned from savings accounts for individuals/HUFs. |
| Senior Citizens | Senior citizens are eligible for a higher exemption of ₹50,000 under Section 80TTB. |
| Form 15G/15H | You can submit Form 15G/15H to avoid TDS deduction if your interest income is below the taxable limit. |
Conclusion
In conclusion, choosing a DCB Bank savings account offers a range of benefits, including competitive interest rates, digital banking convenience, and additional perks such as cashback and discounts. Whether you’re looking for high returns on higher balances or a seamless banking experience through mobile and online platforms, DCB Bank caters to a variety of needs.
However, it’s important to keep in mind certain disadvantages, such as minimum balance requirements and a limited branch network, which might impact your overall banking experience depending on your preferences.
When comparing DCB Bank’s savings account interest rates with other major banks like HDFC, SBI, and ICICI, it’s clear that DCB stands out for offering some of the highest rates, particularly for large account balances. This makes it a great option for those with substantial savings looking to earn higher returns.
Ultimately, DCB Bank savings accounts offer a great mix of attractive features and competitive interest rates, but like any financial product, it’s essential to weigh the pros and cons based on your specific banking needs. With careful consideration, you can make an informed decision that aligns with your financial goals.
FAQs
What is a savings account at DCB Bank?
A savings account at DCB Bank is a deposit account that offers interest on your balance, enabling you to save money while earning returns.
What is the interest rate on DCB Bank savings accounts?
DCB Bank offers interest rates ranging from 1.75% to 8.00% per annum, depending on your account balance.
How is the interest on a DCB Bank savings account calculated?
Interest is calculated on a daily balance and credited quarterly to your account.
What is the minimum balance required for a DCB Bank savings account?
The minimum balance requirement varies based on the account type and location. It ranges from ₹2,500 to ₹50,000 for premium accounts.
Are there any penalties for not maintaining the minimum balance?
Yes, DCB Bank imposes penalties for non-maintenance of the minimum balance. The charges vary based on the type of account and the shortfall.
What types of savings accounts are offered by DCB Bank?
DCB Bank offers various savings accounts, including DCB Elite, DCB Happy Savings, DCB Privilege, and DCB Wow Savings.
Can I open a DCB Bank savings account online?
Yes, you can open a DCB Bank savings account online via their website or mobile banking app.
What documents are required to open a DCB Bank savings account?
You will need to provide identity proof (Aadhaar, PAN), address proof, passport-sized photographs, and other KYC documents.
Is DCB Bank’s mobile banking app secure?
Yes, the DCB Bank mobile app uses advanced security measures like two-factor authentication and encryption to ensure secure transactions.
How can I access my DCB Bank savings account?
You can access your account online, through mobile banking, ATMs, or by visiting a branch.
What is the maximum interest rate on DCB Bank savings accounts?
The maximum interest rate on DCB Bank savings accounts is 8.00% p.a. for balances above ₹1 crore.
How do I check my DCB Bank account balance?
You can check your balance through internet banking, the mobile banking app, or by visiting an ATM.
Does DCB Bank provide free ATM transactions?
Yes, DCB Bank provides free ATM transactions at its own ATMs, and a limited number of transactions at other bank ATMs.
What is the ATM withdrawal limit for DCB Bank savings accounts?
The ATM withdrawal limit varies by account type. For example, the DCB Elite account allows up to ₹50,000 per day.
Can I open a joint savings account with DCB Bank?
Yes, you can open a joint savings account with DCB Bank, and it can be in either or survivor or joint mode.
How do I change my address or contact details with DCB Bank?
You can update your details by logging into internet banking or mobile banking, or by visiting a DCB Bank branch.
What are the benefits of DCB Bank’s Elite Savings Account?
The DCB Elite Savings Account offers premium benefits, including higher interest rates, enhanced ATM withdrawal limits, and free access to DCB ATMs.
Does DCB Bank offer any cashback on savings accounts?
Yes, accounts like DCB Happy Savings offer cashback on transactions, including UPI payments.
Can I get a cheque book with my DCB Bank savings account?
Yes, you can get a cheque book with your DCB Bank savings account, based on the account type.
Is DCB Bank’s savings account interest taxable?
Yes, interest earned on savings accounts is taxable under the head “Income from Other Sources” and is subject to tax based on your income slab.
Can I claim tax deductions on interest earned from DCB Bank savings accounts?
Yes, under Section 80TTA, you can claim a deduction of up to ₹10,000 on interest earned from savings accounts for individuals and HUFs.
Is TDS applicable on DCB Bank savings account interest?
TDS is applicable if your total interest income exceeds ₹40,000 (₹50,000 for senior citizens). TDS is deducted at 10%.
What is the process for closing a DCB Bank savings account?
To close your account, visit the nearest DCB Bank branch, submit a written request, and return your cheque book and debit card.
Does DCB Bank provide overdraft facility on savings accounts?
Yes, DCB Bank offers overdraft facilities on select savings accounts, depending on eligibility and account type.
Can I link my DCB Bank savings account to a digital wallet?
Yes, you can link your DCB Bank savings account to digital wallets like Paytm, Google Pay, and PhonePe.
What is the interest rate for senior citizens on DCB Bank savings accounts?
Senior citizens can enjoy higher interest rates. For example, the DCB Privilege Account offers special rates for senior citizens.
Can I transfer funds to other banks using DCB Bank’s mobile app?
Yes, you can transfer funds to any other bank using DCB Bank’s mobile banking app via NEFT, RTGS, or IMPS.
Is there any fee for transferring funds using NEFT or IMPS with DCB Bank?
DCB Bank does not charge any fee for NEFT and IMPS transactions in its savings accounts.
Can I earn higher interest rates on my DCB Bank savings account by maintaining a high balance?
Yes, DCB Bank offers higher interest rates for larger balances, particularly for amounts above ₹10 lakh.
How do I apply for a DCB Bank savings account?
You can apply for a savings account either online via the DCB Bank website or mobile banking app, or by visiting a branch.
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