DCB Bank Senior Citizen FD Rates 2025

What is a DCB Bank Senior Citizen FD?

DCB Senior Citizen FD is a fixed deposit scheme designed for individuals aged 60 and above, offering returns with higher FD interest rates than those for regular customers. With a minimum deposit requirement of just ₹10,000, it provides a smart option for senior citizens looking to earn income or preserve capital. The highest rates are available for select tenures, such as 15 to 16 months and 24 to 25 months, making it a competitive choice for retirees seeking returns.

Key Benefits of DCB Bank Senior Citizen FD

Here are some key advantages provided to senior citizen FD holders:

• Flexible Tenure Options: DCB Bank allows senior citizens to choose FD durations ranging from 7 days to 10 years, enabling them to align their investments with short-term needs or long-term retirement planning.
• Multiple Interest Payout Options: With DCB Bank, senior citizens can opt for monthly, quarterly, half-yearly, annual, or cumulative interest payouts, helping them manage regular income flow for day-to-day expenses or allow earnings to grow.
• Auto-Renewal Facility: DCB Bank offers an auto-renewal option, ensuring that senior citizens don’t have to visit the branch or go online to reinvest at maturity, providing convenience and continued returns without interruption.
• Sweep-in/Sweep-out Facility: DCB Bank’s sweep-in/sweep-out feature automatically transfers surplus funds between the savings account and FD, offering senior citizens the dual benefit of liquidity for emergencies and higher interest earnings on idle funds.
• Premature Withdrawal Facility: Withdraw your FD early if required. A penalty of 0.50% applies for deposits under ₹3 crore, and up to 2% for deposits above ₹3 crore.

DCB Bank FD Interest Rates for Senior Citizens

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

DCB Bank FD Rates for senior citizens below ₹3 Crores

*DCB Bank FD interest rates w.e.f. Aug 15, 2025

How to Open a DCB Bank Senior Citizen FD

1. Online Method

   • Log in or register on the DCB Zippi+ app or Zippi web portal.
   • Select ‘Open Fixed Deposit’ and choose the Senior Citizen FD option.
   • Enter the deposit amount and select your preferred tenure.
   • Fund the FD using your linked savings account, UPI, or net banking.
   • Upload required documents (age proof, ID proof) if not already KYC-verified.
   • Review all details and submit the request.
   • Receive instant confirmation and e-receipt in the app.

2. Offline Method

   • Visit your nearest DCB Bank branch with a valid ID and proof of age.
   • Request the Senior Citizen FD account opening form.
   • Fill in the form with depositor details, FD amount, tenure, and nominee info.
   • Submit the form along with:
     • Age proof (Aadhaar/PAN/Pension Card)
     • Address proof and a recent passport photo
   • Provide a cheque or request an internal transfer from your DCB savings account.
   • Receive a printed FD receipt with rate and maturity details.

Taxation on DCB Bank Senior Citizen FD Interest

Interest earned on DCB Bank Senior Citizen Fixed Deposits is taxable. To manage this, the bank deducts TDS (Tax Deducted at Source) at a rate of 10% if your total annual interest income exceeds ₹1,00,000. Senior citizens can avoid TDS by submitting Form 15H if their total income is below the taxable limit. Additionally, they can claim a tax deduction of up to ₹50,000 on their interest income under Section 80TTB of the Income Tax Act.

Key Takeaways

DCB Bank FD rates for senior citizens range from 4.00% to 7.95% p.a. Individuals aged 60 years and above are eligible for this benefit, and they can conveniently open an FD either online through the DCB Zippi platform or by visiting a branch. The scheme is ideal for those seeking a secure investment with competitive returns and flexible options on your DCB Bank FD interest rates, with a premature withdrawal facility, though the benefits may vary depending on the specific tenure chosen.