New Deposit Schemes and Interest Rates from Development Credit Bank
Development Credit Bank Ltd., one of India’s emerging private sector banks, has announced the deposit scheme- DCB Freedom1-2-3 fixed deposit and has also come up with some other fixed deposit rates.
As per the DCB Freedom1-2-3 fixed deposit, the scheme offers attractive and money saving policy to its customers by giving them aggressive rate of 10.50% for fixed deposit in the ‘375 days to 3 years’ slab. No additional amount will be charged for early withdrawal after 375 days.
In the launch of the scheme, Mr. Gautam Vir, Managing Director & CEO DCB, announced, “DCB has revised interest rates for various terms of deposit providing a bag of fixed deposit products under one roof to their customers to deposit in short term or long term.â€
Further, the bank has also revised interest rates for 91 days deposit by increasing it to nine per cent from the previous seven per cent for the deposit up to Rs. 50 lakhs. Under the same scheme, the senior citizens on the day of the launch of the fixed deposit will receive additional 0.50 per cent interest from the current rates, as being stated by the bank.
The new rates will come into action form 0ctober 1st 2008.
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