DCB Bank FD Interest Rates 2025

What is a DCB Bank Fixed Deposit?

DCB Bank Fixed Deposit is a savings product where a fixed amount is invested for a specific period at a fixed interest rate. The minimum deposit amount is ₹10,000, and tenures range from 7 days to 10 years. These FD interest rates provide fixed returns over the selected tenure. It offers the option to receive interest payouts monthly, quarterly, half-yearly, annually, or at maturity. Read on to check the latest DCB Bank FD interest rates, key benefits, and more.

Key Features of DCB Bank Fixed Deposits

DCB Bank Fixed Deposits come with several useful features that make them suitable for different types of investors. Below are the key features, along with specific details:

• Fixed Returns: When you invest in a DCB Bank FD, you earn a fixed interest rate that remains unchanged throughout the tenure, ensuring consistent and predictable returns.
• Flexible Tenure Options: You can choose an investment period ranging from as short as 7 days to as long as 10 years, depending on your financial objectives and liquidity needs.
• Higher Interest Rates for Senior Citizens: Senior citizens are eligible for an additional interest rate of 0.50% on standard fixed deposits. (This benefit is not applicable to Bulk Fixed Deposits and Non-Callable Retail FDs.)
• Deposit Options: DCB Bank offers various FD types, including cumulative and non-cumulative options, as well as Tax Saver Fixed Deposits with a lock-in period of 5 years.
• Premature Withdrawal Facility: DCB Bank allows premature closure of FDs in case of urgent financial needs. However, a penal interest rate is applied: 0.5% for deposits less than ₹3 crore, and 2.0% for deposits of ₹3 crore and above. The applicable rate will be the one in effect for the tenure the FD remained with the bank, minus the penalty.
• Loan and Overdraft Facility: You can avail a loan or overdraft of up to 80% of your FD amount from DCB Bank. Interest rates are lower than traditional personal loans.

DCB Bank FD Interest Rates 

Below is a tabular representation of the applicable DCB Bank FD interest rates for different tenures and deposit slabs:

DCB Bank FD Rates for Single Deposits Below ₹3 Crores

*DCB Bank FD interest rates w.e.f. May 07, 2025

DCB Bank FD Interest Rates Non-Callable (₹1 Crore to Less Than ₹3 Crores)

*DCB Bank FD interest rates w.e.f. May 07, 2025

DCB Bank FD Interest Rates (₹3 Crores to Less Than ₹5 Crores)

*DCB Bank FD interest rates w.e.f. June 07, 2025

To explore comparative options, check the best FD interest rates in India.

How to Open a DCB Bank FD

Follow these step-by-step instructions to open a Fixed Deposit with DCB Bank. Whether you're a new or existing customer, DCB Bank offers convenient online and offline channels for booking FDs.

1. Online Method

   For Existing Customers:

   • Log in to your DCB Bank Internet Banking or DCB Mobile Banking App.
   • Navigate to the Fixed Deposits section.
   • Click on ‘Open Fixed Deposit’.
   • Enter the deposit amount and select the tenure (7 days to 10 years).
   • Choose the type of FD (cumulative, monthly/quarterly payout, etc.).
   • Add nominee details.
   • Review the terms, confirm, and submit your request.
   • Your DCB Bank FD will be instantly booked, and confirmation will be sent via SMS/email.

   For New Customers:

   • Visit the official DCB Bank website.
   • Click on ‘Book Your FD Online’ or ‘Open Digital FD’.
   • Complete the video KYC or upload your ID/address proof for verification.
   • Fill out the online FD form with the amount, tenure, nominee, and interest payout preference.
   • Make an online payment from your bank account.
   • Once the payment is processed, your FD gets created instantly.
   • Receive digital confirmation for your fixed deposit.

2. Offline Method

   For Both New and Existing Customers:

   • Visit the nearest DCB Bank branch.
   • Request and fill in the Fixed Deposit Application Form.
   • Submit your KYC documents (required for new customers only).
   • Specify the deposit amount, tenure, interest payout mode, and nominee details.
   • Deposit funds either via cash, cheque, or account transfer.
   • Collect your Fixed Deposit Receipt and official confirmation from the bank.

Documents Required for DCB Bank FD

Here’s what you’ll need to open a DCB Bank Fixed Deposit if you're a new customer:

• Proof of Identity: Aadhaar Card, PAN Card, Passport, Driving Licence, or Voter ID
• Proof of Address: Aadhaar, passport, utility bill, or bank statement with current address
• Photograph: Passport-sized photo for the branch application
• PAN Card: Mandatory for TDS and tax reporting
• Bank Details: An active DCB Bank account for crediting interest and maturity amount
• KYC Compliance: Video KYC for online application or physical verification for offline

Taxation on DCB Bank FD Interest

Interest earned on DCB Bank Fixed Deposits is fully taxable under the head "Income from Other Sources" and must be included in your total income. As per Section 194A of the Income Tax Act, the bank deducts Tax Deducted at Source (TDS) at 10% if the total interest earned in a financial year exceeds ₹50,000 for regular individuals and ₹1,00,000 for senior citizens. 

If the depositor fails to provide their PAN, TDS is deducted at a higher rate of 20%. To avoid such deductions, individuals whose total income is below the taxable limit can submit Form 15G (for those under 60) or Form 15H (for senior citizens). Moreover, DCB Bank’s Tax Saver Fixed Deposits with a five-year lock-in period qualify for income tax deductions up to ₹1.5 lakh under Section 80C.

Key Takeaways

You can start a DCB Bank Fixed Deposit with a minimum amount of ₹10,000 and choose a tenure ranging from 7 days to 10 years. The interest rate remains fixed throughout the term, so you know your exact earnings in advance. Senior citizens receive an additional 0.50% interest on standard FDs. You can also choose how you want to receive the interest monthly, quarterly, annually, or at maturity. If required, you can take a loan against your FD instead of breaking it. You can also consider other best investment options that come with financial protection.