DCB Bank reintroduces Suraksha Fixed Deposit on this festival season. With an aim to create value for both money and life, this festive season DCB Bank has relaunched its DCB Suraksha Fixed Deposit, it’s a fixed 3 year FD scheme that provides an ideal combination of savings and safety for depositors as well as their dependents or loved ones.
DCB Suraksha has two distinct features that distinguish it as a smart and ‘surakshit’ investment. First, it provides a high-interest rate 7.10% p.a. on a three-year deposit and, second, it offers free life insurance cover either equal to the amount of the Suraksha FD or up to Rupees 10 Lakh if the Suraksha FD amount is greater than Rupees 10 Lakh. The DCB Suraksha FD customer does not pay premium for the insurance cover. Moreover, there is no requirement for medical test to enjoy the life insurance coverage.
The regular Fixed Deposit without the Suraksha insurance is also tempting. The Bank offers an appealing 7.10% per annum interest rate on Fixed Deposit of 700 days or 3 years, that annually yields 7.49% p.a. or 7.84% p.a. respectively. Senior citizens earn 7.60% p.a. for the same duration, and the yields are 8.05% p.a. and 8.45% p.a. respectively.
Furthermore, the DCB NRI Suraksha Fixed Deposit, provides NRIs with attractive returns as well as free life insurance as per the amount of the fixed deposit.
