DCB Suraksha FD 2023: DCB Bank’s gift, insurance cover up to ₹ 10 lakh will be available with FD

DCB Suraksha FD 2023: After the Repo Rate Hike by the Reserve Bank of India, banks have also started increasing the interest rates (Bank Interest Rate Hike)! Apart from increasing the interest rate on loans, the interest rates on bank deposits have also started increasing. Meanwhile, Mumbai-based private sector DCB Bank (DCB Bank) has relaunched its DCB Security Fixed Deposit.

DCB Suraksha FD 2023

DCB Suraksha FD 2023

DCB Suraksha FD 2023

This is a 3-year special FD (Fixed Deposit) scheme! This scheme provides savings (Saving Scheme) and security to the depositors as well as their dependents or loved ones!

DCB Bank Security Fixed Deposit

DCB (DCB Bank) Security FD has 2 features! If the value of security FD (Fixed Deposit) is more than Rs 10 lakh! So free life insurance coverage up to Rs 10 lakh is also available! Apart from this, it offers a higher interest rate of 7.10 percent per annum on a 3-year deposit. In DCB Security FD, the insurance premium is not paid by the customer. No medical examination is required to avail life insurance coverage.

Key Features of DCB Bank Fixed Deposit DCB Bank Suraksha FD

  • DCB Bank (DCB Bank) Security FD Wings Attractive interest rate!
  • DCB Suraksha FD offers life insurance cover with a tenure of 36 months!
  • Life insurance cover up to a maximum of Rs 10 lakh on all DCB Security Fixed Deposits in the name of the primary applicant!
  • The insurance cover is valid from the age of 18 till the depositor attains the age of 55 years.

RBI increased the repo rate by 0.5 percent to 5.9 percent

Recently, RBI (Reserve Bank Of India) had increased the repo rate by 0.5 percent to 5.9 percent in the bi-monthly monetary policy review. This is its highest level in 3 years. RBI has taken this step to control retail inflation and to deal with the pressure generated by aggressive rate hikes by Central Banks of various countries. Earlier, after an increase of 0.40 per cent in May, there was an increase of 0.50-0.50 per cent in June and August. Overall, since May till now, the RBI has increased the repo rate by 1.90 per cent.

DCB Bank Fixed Deposit Many banks have increased the rates of fixed deposits : DCB Suraksha FD

Let us tell you that recently RBL Bank, Axis Bank, CSB Bank Limited, Kotak Mahindra Bank, Canara Bank, Indian Overseas Bank etc. have also increased their FD (Fixed Deposit) rates! This process of increasing the rates has started after the Repo Rate Hike by the RBI (Reserve Bank Of India).

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