Product Details
Bank Name
DCB Bank
Account Name
DCB Classic Savings Account
Account Type
Saving
Interest Rate
Up to 1 lakh-1.75% and from 1 lakh to less than 5 Lakh: 2.75% and from 5 lakh to less than 10 Lakh: 4.75%, and from 10 lakh to less than 25 Lakh: 7.40%.
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 5,000
Debit Card Charges
Issuance Fee: INR 199
Annual Fee: INR99
Replacement of Card: INR 199
NEFT Charges
Free through Net Banking
IMPS Charges
AMB is Rs.25,000 or more: Free
AMB is less than Rs. 25,000: 10 transactions free per month; thereafter per transaction charges are upto Rs. 7.50 per transaction
Fees and Charges
DCB Classic Savings Account
Special Features
Eligibility Criteria
Indian resident.
Minimum age should be 18.
Minimal Average Quarterly Balance of INR 5,000
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
5 free transactions per month at Visa ATMs.
Free NEFT and IMPS transfer if done online.
Cons
Minimal value add features.
The interest rate is not high.
DCB has limited branch and ATM network.
DCB Classic Savings Account
The product offers minimal value-added features. The interest rate is not too high. Overall the account has limited appeal.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Online:
Visit the DCB Bank website and select "Account Opening."
Select Classic Savings Account in the website's account opening page
Enter your basic details and register.
Verify your mobile number.
Upload your photo, address, and identity proof.
Read the terms and conditions carefully and accept.
Your account will be opened instantly, and you will receive login details.
Offline:
Visit the nearest DCB Bank branch.
Fill out the account opening form.
Submit the required documents:Photo ID proof (Aadhaar card, PAN card, etc.)
Address proof (Aadhaar card, driving license, etc.)
Passport-size photographs
Pay any applicable fees.