All deposits held with Bank are guaranteed by Deposit Insurance and Credit Guarantee Corporation to the extent of Rs.1.00 lakh per individual. The following schemes are available to suit the needs of the customers.
FIXED DEPOSIT: From 45 days to 10 years Regular income plan can be designed for the customer.
KAMADENU DEPOSIT: Interest gets compounded every 3 months
RECURRING DEPOSIT: Amount may vary from Rs.100/- per month and in multiples of Rs.100/- thereafter and from 1 year to 10 years.
Senior Citizen Deposits: Senior Citizens are offered an extra interest of 0.50% on all their term deposits of one year and above
The revised rate of interests w.e.f. 01.03.2017 are mentioned hereunder:
|Sl.No.||Period of Deposit||Rate of Interest (%)|
|2||46 to 90 Days||7.00||6.50|
|3||91 to 180 Days||7.25||6.75|
|4||181 Days to below1 Year||7.75||7.00|
|5||1 Year to below 2 Years||8.00||7.25|
|6||2 Years to below 3 Years||8.00||6.90|
|7||3 Years and above||8.00||6.90|
* For Senior citizens 0.50% extra only for 1 year and above Deposits.
The interest rates on other category of deposits is as follows:
|Sl.No.||Nature of Deposit||Rate of Interest (%)|
|2||Bank Staff/Retired staff (self declaration that amount belongs to me)||1.00% extra on all term deposits|
|3||Deposits of PACS (declaration by PACS that amount mobilized from depositors)||0.50% extra on all term deposits mobilized by the PACS|
LOD facility available.
Safe deposit lockers are available.
Nomination facility available.
DICGC insurance is available for those who are depositing money in DCCB,M Nagar