NEWS & ADVICE : FIXED DEPOSITS
DCB introduces a new fixed deposit scheme
By Neelima Shankar
Oct 7, 2008
Print    Email    RSS   

Private sector lender Development Credit Bank (DCB) has introduced a new deposit scheme -DCB Freedom 1-2-3 fixed deposit for its customers.

Under the new launch scheme, the bank will offer its customers a rate of 10.5% for fixed deposit in the 375 daysto3years slab. However, Senior citizens will receive 0.5% more rate above the card rates.

DCB also increased its interest rates for deposits of 91 days to 9% from the previous 7%. The new rates will be given for deposits up to Rs 50 lakh.

These new rates will come into effect from October 1st.

Last Month, DCB informed that the bank along with India's Quantum Group will launch a $500 million infrastructure fund in the first half of 2009. Nasser Munjee, Chairman of India's DCB and Quantum's staff would hold 50% stake in the fund.

Development Credit Bank (DCB) is one of the emerging private sector banks in India and provides to its customers, access to over 30,000 ATMs and 80 state-of-the-art branches spread over ten states and two union territories. The Bank has recently launched several value added initiatives and intends to be known as one of the country's preferred and profitable retail banks. DCB was converted into a Scheduled Commercial Bank on May 31st, 1995, in the wake of India's economic liberalization. It is the only co-operative bank, which has successfully crossed over and thrived in the face of change.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Financial planning: a tool to retire...
Carnival of Indian Personal Finance Blogs...
Do you know what led banks to calibrate...
Medical Insurance: Save tax along with health
Fetch higher interest rate on your savings...


love problem solution baba ji in canada +91-9929775678
love problem solution baba ji in puna +91-9929775678
marriage & love problem solution baba +91-9929775678
Chaabla Call GiℛLs In Zirakpur 09855660911 .Call...
Hot Escorts Service Ludhiana 09780991739 , Hot...
Female Escorts in Chandigarh 08196881140 , Escort...

NEWS THIS WEEK
New cash Transactions facilities to be launched by NCR corporation Dec 18, 2014
‘Bank aap ki Muththi mein’ branch banking on mobile by HDFC bank Dec 17, 2014
Banks to provide longer hours to carry out RTGS transactions Dec 16, 2014
Andhra Bank to expand its network in Orissa Dec 15, 2014
OBC bank slashed down the rate by 0.10% Dec 11, 2014
News Archive