NEWS & ADVICE : FIXED DEPOSITS
DCB offers 8.50% on 1-yr term deposits
By Neelima Shankar
Jun 10, 2009
Print    Email    RSS   

The Development Credit Bank has reduced the interest rates on the domestic deposits up to 0.5 percent.

The percent cut in the deposits varies with the tenure. For deposits with a maturity period up to one year, rates have been brought down by 0.5 per cent. The rates on deposits with a maturity 1-3 years have been reduced by 0.25 percent.

The interest rates on the other deposits have also been brought down.

The deposit rates have been reduced to 8.5 percent, from the earlier 8.75 percent on the term deposits with maturity of 1 year and with maturity between 1-3 years. These rates are applicable on single deposits of less than Rs.15 lacs and between Rs.15 lacs to Rs. 50 lacs.

Revised Interest Rates for Resident Indians & NRO Term Deposits
(rates on single deposits)

Deposit Tenure

Revised rates for Less than Rs.15 lacs

Revised rates Rs.15 lacs to Rs. 50 lacs

14 days

3

3

15-45 days

4.25

4.25

46-90 days

5.75

5.75

91 days-6 months

6.50

6.50

6 months to 1 year

7.50

7.50

1 year (365 days)

8.50

8.50

> 1 year to 3 years

8.50

8.50

> 3 years to 10 years

8.50

8.50

Earlier, SBI had slashed the interest rates on term deposits by 50 basis points on various maturities.

One of the upcoming private sector banks in India, the Development Credit Bank (DCB) has a network of 80 state-of-the-art branches in ten states and two union territories and a network of over 30,000 ATMs. The bank recently launched its IPO which was oversubscribed by 35 times.

 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Credit profile and its effect on loan...
FMPs or FDs: Make an informed choice
Financial planning: a tool to retire...
Haven’t filed a return of your income?...
Things you should know while filing income...


PUNE CALL GIRLS@@9657344043 CALL ON RONNIE ALL TYPE...
nℰw zℰaland 《9829717996 Love Marriage...
uk us gIRl vAsHiKaRaN SpECiAlIsT +91-9829717996
ViP%%%49 Rohiℕi ℂall GiRℒs O99*112821>29...
⁑vVO9911282129⁑ Motel Rohini ⁑vVO9911282129⁑...
Pune To Mahabaleshwar Escorts service 08698811456...

NEWS THIS WEEK
Corporation bank launched a new Corp Excel Branch and e-lobby in Mumbai Nov 25, 2014
Banks to go for Zone wise relay strike for wage revision Nov 24, 2014
BMBSmartBanking – internet banking facility of the BMB bank Nov 20, 2014
Central Bank introduced two new products for its customers Nov 18, 2014
New Branch of BMB bank in Gujarat Nov 17, 2014
News Archive