{"id":6665,"date":"2025-08-20T17:51:21","date_gmt":"2025-08-20T17:51:21","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/20\/this-bank-has-revised-fd-interest-rates-for-senior-citizens-business-news\/"},"modified":"2025-08-20T17:51:21","modified_gmt":"2025-08-20T17:51:21","slug":"this-bank-has-revised-fd-interest-rates-for-senior-citizens-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/20\/this-bank-has-revised-fd-interest-rates-for-senior-citizens-business-news\/","title":{"rendered":"This Bank Has Revised FD Interest Rates For Senior Citizens | Business News"},"content":{"rendered":"


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DCB Bank has revised its fixed deposit rates for deposits below Rs 3 crore, effective from August 15.<\/h2>\n
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General customers now earn between 3.75 per cent and 7.20 per cent.<\/p>\n<\/figure>\n

DCB Bank has revised the interest rates on its fixed deposits (FDs) of less than Rs 3 crore across different tenures. The new rates came into effect on August 15 this year and apply to general customers, senior citizens, as well as those under the Senior Citizens Plus category (for people aged 70 years and above).<\/p>\n

With this revision, DCB Bank is offering interest rates ranging from 3.75 per cent to 7.20 per cent for regular customers. Senior citizens can earn between 4.00 per cent and 7.70 per cent, while customers in the Senior Citizens Plus category can get returns of up to 7.95 per cent.<\/p>\n

Highest FD Rate at 27\u201328 Months<\/strong><\/p>\n

The highest interest rate is available for deposits with a tenure of 27 months to less than 28 months. Regular customers earn 7.20 per cent, senior citizens earn 7.70 per cent, and Senior Citizens Plus customers enjoy the highest return of 7.95 per cent for the same period.<\/p>\n

For tenures above 60 months but less than 61 months, the bank is also offering attractive returns, with general customers getting 7.20 per cent and senior citizens earning 7.70 per cent.<\/p>\n

FD Rates Across Tenures<\/strong><\/p>\n

At the shorter end, for deposits of 7 to 45 days, the interest rate is 3.75 per cent for regular customers and 4.00 per cent for senior citizens, including those above 70 years. Deposits of 46 to 90 days fetch 4.50 per cent for general customers and 4.75 per cent for seniors.<\/p>\n

For tenures of 91 days to less than 6 months, the rate stands at 4.75 per cent for general customers and 5.00 per cent for senior citizens.<\/p>\n

If you keep your money for 6 months to less than 10 months, you earn 6.00 per cent as a regular customer and 6.25 per cent as a senior citizen. Deposits of 10 months to less than 12 months fetch 6.50 per cent for regular customers and 6.75 per cent for seniors.<\/p>\n

For the 12 months to less than 15 months tenure, the rate is 6.90 per cent for regular customers and 7.15 per cent for seniors. If you choose 15 months to less than 16 months, returns improve to 7.00 per cent for general customers, 7.50 per cent for senior citizens, and 7.75 per cent for the Senior Citizens Plus category.<\/p>\n

From 16 months to less than 27 months, the rate is 6.90 per cent for regular customers and 7.15 per cent for seniors. For deposits of 28 months to 60 months, the bank offers 7.00 per cent for general customers and 7.25 per cent for seniors. Deposits from more than 61 months to up to 120 months also earn 7.00 per cent for general customers and 7.25 per cent for senior citizens.<\/p>\n

Premature Closure Rules<\/strong><\/p>\n

According to DCB Bank, if you close an FD before maturity, the interest rate applicable will be based on the period the deposit has remained with the bank. This will be subject to Tax Deducted at Source (TDS) and a penalty.<\/p>\n

For deposits of less than Rs 3 crore, the penalty for premature withdrawal is 0.50 per cent. For deposits of Rs 3 crore and above, the penalty is higher at 2.00 per cent.<\/p>\n

It is also important to note that no interest is paid on deposits below Rs 3 crore if they are closed before completing 14 days.<\/p>\n

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