DCB Bank Savings Account

Dcb Bank Savings Account
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DCB Bank Savings Account

A savings account is the most common form of an interest-bearing account which is held with a bank. A savings account provides a nominal interest rate and is often the first bank account for many people.

The most common use for a savings account is to store money safely and securely. Having a savings account also helps keep a track of all the transactions made by the account holder including withdrawals and deposits. Banks usually provide a statement of accounts, which you can use to track and keep account of credits and expenses. Money transfers are made easy when you have a savings account. You can also avail of various banking facilities like Net Banking, Phone banking etc. It also instills a habit of savings.

There are some downsides to a savings account as well. There are fees associated with a savings account unless you maintain a certain balance each month. The minimum balance required, interest rate and fees and charges vary from bank to bank. Banks also generally impose a limit on the number of withdrawals you can make from the ATM each month.

Savings accounts are also least profitable in terms of investment purposes. The interest on a savings account is far less when compared to that of an FD account. Though they are liquid investments and easily accessible in times of need, they offer low yields in comparison to other forms of savings.

DCB Bank Savings Account

A DCB Bank savings account provides a host of banking benefits including cashback for transactions made with DCB Debit Card, access to investment solutions, attractive rates for insurance policies, flexible easy accounts management, free any branch banking across any DCB Bank, Free NEFT / RTGS facility, mobile banking, internet banking and much more along with a competitive interest rate.

Features and Benefit of DCB Savings Account

There are various benefits to having a savings account with DCB Bank. Following is an overview.

  • Safety and security when you store your cash in a savings account
  • Different savings account for different needs.
  • Access your account with ease via Net Banking and Mobile Banking facilities.
  • Free unlimited use of RTGS / NEFT facility
  • Unlimited access to ATMs all over India
  • Higher return of up to 4% p.a. on your DCB Bank Savings Account (depending on the type of savings account), enabling your savings to grow faster.

Types of DCB Bank Savings Accounts

DCB Elite

  • Choose your lucky number or any number of your choice as your bank account number.
  • Get rewarded for shopping with your DCB Platinum Debit Card.
  • Unlimited free access to all DCB Bank and Visa ATMs in India
  • Free unlimited use of RTGS / NEFT facility
  • Free DCB Internet / Phone / Mobile Banking
  • Avail 50% discount on locker fee subject to terms and conditions.

DCB Family

    A savings account for your family, where a minimum of 2 and a maximum of 5 members may be grouped under this scheme.

  • Get rewarded for shopping with your DCB Platinum Debit Card.
  • Earn 1.60% cash back on all expenditures made using your DCB Platinum Debit Card. (Subject to a maintenance of average quarterly balance of Rs. 1,00,000.)
  • Unlimited free access to all DCB Bank and Visa ATMs across India. (Subject to maintenance of average quarterly balance of Rs. 1,00,000.)
  • Free Personalized PAP cheque book of 25 leaves, per month per account in a family group.
  • Free unlimited use of RTGS / NEFT facility.
  • Unlimited Free Pay Orders.
  • Free DCB Internet / Phone / Mobile Banking.
  • Get access to a host of investment products and services
  • Avail attractive rates for various insurance policies.

DCB Shubh-Labh

  • Get rewarded for transactions made with your DCB Debit Card.
  • Unlimited free access to all DCB Bank and Visa ATMs across India.
  • Get access to a host of investment products and services.

DCB Privilege

  • Spend more, earn more: Get cashback for POS transactions made with your DCB Platinum Visa Debit Card.
  • Unlimited free access to all DCB Bank and Visa ATMs in India.
  • Free any branch banking across DCB Bank branches in India.
  • Free unlimited use of RTGS / NEFT facility.
  • Free DCB Internet / Phone / Mobile Banking.
  • Dedicated relationship manager.

DCB Cashback

  • Get rewarded for spending! This is an account that rewards you with cash back of up to Rs. 6,000 in a financial year for every purchase you make using your DCB CashBack Debit Card.
  • Unlimited free access to all DCB Bank and Visa ATMs in India (subject to maintenance of average quarterly balance of Rs. 10,000)
  • Free any branch banking across DCB Bank branches
  • Free unlimited use of RTGS / NEFT facility
  • Free DCB Internet / Phone / Mobile Banking
  • Free Demand Draft and Pay Orders up to Rs. 1 lakh per day

DCB Classic

  • Minimum balance requirement of only Rs. 5,000.
  • Unlimited free access to all DCB Bank and Visa ATMs in India (Subject to a maintenance of AQB of Rs.
  • Free any branch banking across DCB Bank branches
  • Free unlimited use of RTGS / NEFT facility
  • Free DCB Internet / Phone / Mobile Banking

DCB Basic Savings Bank Deposit Account (BSBDA)

  • No frill, zero balance account; there is no requirement of maintaining any balance.
  • Free ATM Card.
  • Physical and email statement of accounts.
  • Free any branch banking across DCB Bank branches.
  • Free unlimited use of RTGS / NEFT facility.
  • Free DCB Internet / Phone / Mobile Banking.

DCB Savings Account Minimum Balance

The minimum balance required in DCB savings account differs with each kind of account. It is advisable to contact the bank directly for details. To enjoy cashback and other benefits, a certain amount needs to be maintained with the bank. Following is an overview:

Type of Saving Account Minimum Balance Required
DCB Elite AQB Rs. 50,000
DCB Family AQB Rs. 1,00,000
DCB Shub-Labh AQB Rs. 25,000
DCB Privilege Rs. 5,00,000 (n any combination across your savings account and fixed deposits held with the Bank).
DCB Cashback AQB Rs. 10,000
DCB Classic Rs. 5,000
DCB BSBDA Zero

DCB Savings Account Interest Rate

DCB savings account comes with attractive interest rates, and can go up to 4% depending on the daily balance, the amount in your account and the type of savings account held with the bank. For the latest interest rates, it is advisable to contact the bank directly.

DCB Bank Savings Account Charges

Different DCB Bank savings accounts have a different schedule of charges. Contact DCB Bank directly for the most up to date charges.

How to open an DCB Bank Savings Account

DCB Bank savings account opening is easy and hassle-free. You can opt to open a savings account online. All you need to do is enter your details and submit the online application form on the DCB Bank website. Once you are done, take a printout of your application form, sign it and send it across to your nearest DCB Bank branch along with self-attested copies of your KYC documents.

Alternatively, you can walk into your nearest DCB Bank branch with your KYC documents to have your DCB savings account opened.

DCB Bank Savings Account FAQS

Who is eligible to open a Classic DCB Savings account?

All resident individuals are eligible to open this account.

Is it possible to open an DCB Bank savings account online?

Yes, absolutely. Just log on to their website, select the required savings account as per your savings needs, and apply!

How many accounts can be linked under a DCB Family Savings Account?

A minimum of 2 and a maximum of 5 accounts can be linked under one Family Savings Account.

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