Security Fixed Deposits (FDs) from private sector lender DCB Bank have been reintroduced. This FD offers high interest rates and free insurance along with other benefits. This festive season, DCB Bank reintroduced this special type of FD, which has a tenure of 3 years and offers an excellent blend of savings and protection for the depositors as well as their dependents or loved ones.
Another attractive option is regular fixed deposit without security insurance. For fixed deposits of 700 days or three years, the bank offers an attractive 7.10% p.a. interest rate, which is 7.49% p.a. or 7.84% p.a. respectively. Elderly individuals earn 7.60% annually over the same time period, and the yields are 8.05% and 8.45% annually, respectively. For fixed deposits with a longer tenor of five years, the annual return is 7% per annum, for which the annual yield is 8.43% per annum. Elderly individuals earn 7.50% per annum, which represents an annual yield of 9.14%.
DCB Bank Security Fixed Deposit (FD)
Two distinctive features of DCB security make it a wise and “safe” investment. In addition, it gives free life insurance coverage of up to Rs. 10 lakh if the value of the security FD exceeds Rs. 10 lakhs. In addition, it offers a high interest rate of 7.10% per annum on three-year deposits. Insurance premium is not paid by the DCB Suraksha FD subscriber. Additionally, there is no need for a medical evaluation to benefit from life insurance coverage.
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Key Features of Security Fixed Deposit (FD) as per DCB Bank
1. Attractive interest rate for fixed deposits
2. DCB Suraksha FD offers life insurance cover with a tenure of 36 months
3. Life insurance cover up to a maximum of Rs 10 lakh in all DCB security fixed deposits in the name of the primary applicant
4. Insurance cover is valid from the age of 18 years till the depositor turns 55
5. Prospective depositors can invest in FDs by providing PAN, enrollment and email ID.
DCB NRI Suraksha Fixed Deposit also provides NRI with attractive returns and free life insurance based on fixed deposit amount. DCB NRI Security Fixed Deposits are available in Indian Rupees to Non-Resident External (NRE), Non-Resident Ordinary (NRO). NRIs can use any of the following foreign currencies to deposit their DCB NRI security FCNR: USD, AUD, CAD, EUR or GBP. Considering the excellent client record of DCB Security FD, its re-introduction is a great investment option for individuals who value safety and high returns.
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