DCB Bank has reduced its fixed deposit interest rates for amounts less than Rs 3 crore for the second time in a month

Investors can still get 8.5% interest on this FD tenure despite DCB Bank cutting interest rate Effective March 5, 2025, the bank offers rates between 3.75% and 8% depending on the tenure for general citizens

DCB Bank has once again cut its fixed deposit (FD) interest rates for deposits less than Rs 3 crore, marking the second such reduction within a month. The bank has reduced up to 25 basis points on select tenures. The highest FD interest rate has been cut from 8.05% to 8%. The revised rates are applicable from March 5, 2025.

In February, the bank reduced the interest rate on fixed deposits for select tenures by up to 65 basis points (bps) effective February 14, 2025.

Which FD tenures have seen interest rate reductions?

Following the revision, DCB Bank now offers interest rates between 3.75% and 8% on FD amounts less than Rs 3 crore for general citizens for tenures ranging from 7 days to 10 years.
The bank has reduced the interest rate on FDs with a tenure of 10 months to less than 12 months by 20 basis points from 7.25% to 7.05%.

With another FD interest rate reduction of 25 basis points (bps), bringing rates down from 7.75% to 7.50% on tenure of above 12 months to 12 months 10 days.

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Earlier, the bank was offering the highest FD interest rate of 8.05% on a tenure of 19 months to 20 months. After the revision, the highest FD interest rate of 8% is offered on a tenure of 15 months to less than 16 months.

Latest DCB Bank FD interest rates

Tenure	Deposit Interest Rate	Rate for Senior Citizens (% p.a.)
	(% p.a.)
	Single Deposit of less than
	₹ 3 Crore
7 days to 45 days	3.75%	4.25%
46 days to 90 days	4.00%	4.50%
91 days to less than 6 months	4.75%	5.25%
6 months to less than 10 months	6.20%	6.70%
10 months to less than 12 months	7.05%	7.55%
12 months	7.10%	7.60%
More than 12 months to 12 month 10 days	7.50%	8.00%
12 months 11 days to less than 15 months	7.15%	7.65%
15 months to less than 16 months	8.00%	8.50%
16 months to 17 months	7.15%	7.65%
17 months 1 days to 18 months 5 days	7.10%	7.60%
18 months 6 days to less than 700 days	7.40%	7.90%
700 days to less than 37 months	7.50%	8.00%
37 months to 38 months	7.85%	8.35%
More than 38 months to less than 61 months	7.40%	7.90%
61 months	7.65%	8.15%
More than 61 months to 120 months	7.25%	7.75%

Senior Citizen FD rates

Following the revision, DCB Bank now offers interest rates between 4.25% and 8.50% on FD amounts below Rs 3 crore for senior citizens for tenures ranging from 7 days to 10 years.
The bank has reduced FD interest rate on tenure of 10 months to less than 12 months by 20 basis points from 7.75% to 7.55%.

With another FD interest rate reduction of 25 basis points (bps), bringing rates down from 8.25% to 8% on tenure of above 12 months to 12 months 10 days.

Earlier, the bank was offering the highest FD interest rate of 8.55% on tenure of 19 months to 20 months. After the revision, the highest FD interest rate of 8.50% is offered on tenure of 15 months to less than 16 months.

This story originally appeared on: India Times - Author:Faqs of Insurances