Latest news with #SeniorCitizenPlus

Economic Times

Get FD interest rate up to 7.95%: This bank has revised FD interest rates

ET Online FD interest rate up to 7.95% DCB Bank has revised interest rates on its fixed deposits (FD) for deposits less than Rs 3 crore across various tenures. The new rates are effective for both general and senior citizens. After revision, the FD interest rate for fixed deposits done through DCB Bank ranges from 3.75% to 7.20% for regular customers, while senior citizens can earn between 4.00% and 7.70%, and those in the Senior Citizens Plus (70 years & above) category can get up to 7.95%. These rates are effective from August 15, 2025. Highest interest rate on DCB Bank FDs The highest FD interest rate is offered for a tenure of 27 to less than 28 months, where general customers earn 7.20%, senior citizens earn 7.70%, and Senior Citizens Plus (Senior Citizen Plus rates are applicable for residents aged 70 years & above) customers get 7.95%. Also read: HDFC Bank customers alert: Key services to remain unavailable on August 22, 2025 and August 23, 2025 Deposit Interest Rate (% p.a.) - Single Deposit of less than ₹ 3 Crore Tenure General Senior Citizens Senior Citizens Plus Deposit Interest Rate Age: 60 years to less than 70 years (% p.a.) Age: 70 years & above (% p.a.) (% p.a.) 7 days to 45 days 3.75% 4.00% 4.00% 46 days to 90 days 4.50% 4.75% 4.75% 91 days to less than 6 months 4.75% 5.00% 5.00% 6 months to less than 10 months 6.00% 6.25% 6.25% 10 months to less than 12 months 6.50% 6.75% 6.75% 12 months to less than 15 months 6.90% 7.15% 7.15% 15 months to less than 16 months 7.00% 7.50% 7.75% 16 months to less than 27 months 6.90% 7.15% 7.15% 27 months to less than 28 months 7.20%Highest 7.70%Highest 7.95%Highest 28 months to 60 months 7.00% 7.25% 7.25% More than 60 months to 61 months 7.20% 7.70% 7.70% More than 61 months to 120 months 7.00% 7.25% 7.25% Source- Bank website Premature closure of a fixed deposit According to the DCB Bank website, 'For premature closure of a deposit, the interest rate (applicable rate) prevailing on the date of the deposit, for the period the deposit has remained with the Bank, shall be payable, subject to TDS, as applicable. Premature closure of a deposit may be additionally subject to penal interest, deductible from the applicable rate, as prescribed by the bank on the date of deposit.' Deposit Amount Penal Interest Less than Rs 3 crore 0.50% Rs 3 crore and above 2.00% No interest is payable on deposits of less than Rs 3 crore if closed before completion of 14 days. N.R. Narayana Murthy Founder, Infosys Watch Now Harsh Mariwala Chairman & Founder, Marico Watch Now Adar Poonawalla CEO, Serum Institute of India Watch Now Ronnie Screwvala Chairperson & Co-founder, upGrad Watch Now Puneet Dalmia Managing Director, Dalmia Bharat group Watch Now Martin Schwenk Former President & CEO, Mercedes-Benz, Thailand Watch Now Nadir Godrej Managing Director, of Godrej Industries Watch Now Manu Jain Former- Global Vice President, Xiaomi Watch Now Nithin Kamath Founder, CEO, Zerodha Watch Now Anil Agarwal Executive Chairman, Vedanta Resources Watch Now Dr. Prathap C. Reddy Founder Chairman, Apollo Hospitals Watch Now Vikram Kirloskar Former Vice Chairman, Toyota Kirloskar Motor Watch Now Kiran Mazumdar Shaw Executive Chairperson, Biocon Limited Watch Now Shashi Kiran Shetty Chairman of Allcargo Logistics, ECU Worldwide and Gati Ltd Watch Now Samir K Modi Managing Director, Modi Enterprises Watch Now R Gopalakrishnan Former Director Tata Sons, Former Vice Chairman, HUL Watch Now Sanjiv Mehta Former Chairman / CEO, Hindustan Unilever Watch Now Dr Ajai Chowdhry Co-Founder, HCL, Chairman EPIC Foundation, Author, Just Aspire Watch Now Shiv Khera Author, Business Consultant, Motivational Speaker Watch Now Nakul Anand Executive Director, ITC Limited Watch Now RS Sodhi Former MD, Amul & President, Indian Dairy Association Watch Now Anil Rai Gupta Managing Director & Chairman, Havells Watch Now Zia Mody Co-Founder & Managing Partner, AZB & Partners Watch Now Arundhati Bhattacharya Chairperson & CEO, Salesforce India Watch Now