DCB Bank Savings Account

Development Credit Bank, or DCB is a scheduled commercial bank with modern infrastructure that includes internet or online banking for both individual and business customers. Individuals can meet their diverse banking needs with a variety of DCB Bank savings account options provided by the bank.

Here we will talk about the different types of DCB Bank Savings Account, features and types. But before that, let us first understand the latest DCB Bank Savings Account Interest Rates.

DCB Bank Saving Account Interest Rate 2024

Balances

DCB Bank Savings Interest Rate

Rs. 1 lakh

2.25%

Rs. 1 lakh - Rs. 2 lakh

4.00%

Rs. 2 lakh - Rs. 5 lakh

5.00%

Rs. 5 lakhs - Rs. 10 lakhs

6.00%

Rs. 10 lakhs - Rs. 25 lakhs

6.75%

Rs. 25 lakhs - Rs. 2 crores

7.00%

Rs. 2 crores - Rs. 50 crores

5.50%

More than Rs. 50 crores

5.00%

Features of the DCB Bank Savings Account

  • Access to all of the DCB Bank and Visa ATMs in India is free of charge (subject to maintenance of AQB of Rs 10,000).
  • Internet money transfer service.
  • Send money quickly and securely with NEFT or RTGS for free.
  • Banking at any branch.
  • All branch banking across all DCB bank locations is free of charge.
  • The yearly Fee is Low.
  • For a local or international debit card, you only need to pay a one-time annual charge of Rs 99.
  • ATM transactions are free.
  • Take advantage of up to five free ATM transactions at DCB and Visa ATMs.
  • Facilities for Joint Applicants.
  • Anyone who is over the age of 18 years old can be added as a Joint Applicant.
  • Daily transaction limits are extremely high.
  • Get a daily ATM withdrawal limit of Rs 25,000 and a POS spending limit of Rs 40,000.

How to Open a DCB Bank Savings Account?

Opening a savings account in DCB Bank is very simple and hassle-free. You have the option of opening a savings account online. All that you will have to do is fill out the online application form on the DCB Bank website with your information. After that, print your application form, sign it, and send it to your nearest DCB Bank branch, together with self-attested copies of your KYC documents.

You can also visit your nearest DCB Bank branch with your KYC documents to open a savings account with DCB.

Eligibility to Apply

All resident individuals of India are eligible to open a savings account with DCB Bank.

Documents Required

  • Recent passport-size photographs.
  • An identity proof, such as your Aadhar card, PAN card, or passport.
  • Information about your company if you choose a premium, elite, or privileged account.
  • Proof of age and address, such as your driver's license, voter ID card, utility bills, and so on.
  • KYC documentation is required.

Charges of the DCB Bank Savings Account

Opening Charges

Rs 5,000

Cheque Issued and Returned Charges

Rs 500 per instrument

Cheque was deposited and returned with unpaid charges

Rs 100 per instrument

ECS Returns

Rs 500

Cheque Book Request Charges

Rs 2 per leaf

Stop Payment Charges

Rs 50 per cheque

Loss of Cheque Leaf Charges

Rs 5 per leaf

Charges for DD non-cash transactions above the free limit

Re. 1 for 1000 transactions

Cash Transactions

Rs 300 per instrument

Visa Money Transfer

Rs 25 per transaction

Demand Draft / Pay Order Cancellation / Revalidation Charges

Rs 50 per instrument

Issue of duplicate Demand Draft

Rs 50 per instrument

Charges for Non-maintenance of Balance

Rs 699

Charges for cash transactions at the branch

Rs 50 per transaction

Physical monthly statement

Rs 200 p.a

Types of DCB Bank Saving Accounts

Following are the various types of Savings Accounts that can be opened at DCB Bank-

1) DCB CashBack Savings Account

Every purchase you make with your DCB CashBank debit card earns you a cashback of up to Rs. 6000 each fiscal year. This benefit is exclusively available to DCB CashBack Savings account holders.

2) DCB Elite Savings Account

The DCB Elite Savings Account is a one-of-a-kind account for privileged customers. This account is chock-full of powerful advantages and cutting-edge services. Account holders have the option of selecting any number they like as their bank account number.

Your account number is 14 digits long, and you can choose the last eight digits. You can earn up to Rs.20,000 in cashback every year in your account.

3) DCB Advantage Savings

The DCB Privilege Savings Account promises account users optimal ease, flexibility, and returns.

Customers must keep a minimum balance of Rs. 5 lakhs. However, this balance can be kept in any combination of his/her savings account, fixed deposits, and mutual funds/insurance offered by DCB Bank. If you have an average quarterly balance of Rs.50,000, you can earn up to Rs.6,000 in cashback.

4) DCB Basic Savings Bank Deposit Account

A simple, no-hassle account with no minimum balance requirement. The account includes basic banking services as well as savings account features.

5) Classic Savings Account at DCB

An account that is simple to manage offers a plethora of rewards and has all of the fundamental features of a conventional savings account. You can use this account for transactions with the simple requirement of keeping a minimum balance of Rs. 5000.

6) Shubh-Labh Savings Account at DCB

DCB Bank recognizes that opening an account is a joyous experience for each customer. The bank pays you with each transaction you make with this account to make the occasion even more spectacular, memorable, and profitable for customers.

Maintaining an Annual Quarterly Balance of up to Rs.1 lakh might earn you up to 5.65% p.a. in your account. You can also get cashback when you use your DCB debit card, as well as 3.25% of your savings account balance.

7) Minimum Balance Requirements for Savings Accounts

The minimum balance required in each form of DCB savings account is determined by parameters such as account type, deposit duration, and so on. As a result, it may differ from one form of savings account to the next. The detailed table below explains the minimum balance that must be kept in each type of savings account.

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