DCB Bank Savings Account

DCB Bank is a new generation private sector bank and is a scheduled commercial bank regulated by the Reserve Bank of India. Currently, the bank has 336 branches across 19 states and two union territories. The bank has adapted all latest technology including state of the art internet banking for personal as well as business banking customers.

On the revenue side, in FY 2020, DCB bank’s profit after tax was at Rs 338 Cr as against Rs. 325 Cr. in FY 2019, which means there is an increase of 4%.

When it comes to a Savings Account, the bank caters to a wide Range of customers and their diverse financial needs. DCB Bank Saving Accounts aim at Offering a host of benefits such as Cash Back on transactions via Debit Card, hassle-free internet & mobile banking services so that you can access your funds anytime, anywhere.

Types of Savings Account Offered by DCB Bank

1. DCB Elite Savings Account

The most unique feature of this account is that you can keep your lucky number or any number of your choice as the account number. You can request for any number of up to 8 digits. Another best offering is the amount of the rewards you will earn on shopping using DCB Platinum Debit Card. The card offers 1.60% cash back on all expenditure and up to Rs. 20,000 p.a. as cash back in your Savings Bank account (subject to maintenance of Average Quarterly Balance (AQB) of Rs. 25,000).

The account also offers unlimited free access to all DCB Bank ATMs in India. For transactions, you can use free unlimited use of RTGS & NEFT Facility.

2. DCB Family Savings Account

In order to give a complete banking facility to the entire family, DCB bank allows you to open up to 5 accounts linked under one Family Savings Account. It features superior banking facilities across all accounts of your family members by giving numerous privileges such as unlimited free access to all DCB Bank ATMs in India, free unlimited use of RTGS/ NEFT facility, etc.

An Average Quarterly Balance (AQB) of Rs. 1,00,000 has to be maintained. The bank offers you the flexibility of maintaining this AQB within a single account or in linked accounts.

You can earn 1.60% cash back on all expenditures using your DCB Platinum Debit Card. However, this is subject to a maintenance an AQB.

3. DCB Shubh-Labh Savings Account

This DCB Savings Account rewards you for every each transaction. Not just that, you also get unlimited free access to all DCB bank branches and visa ATMs across India. The bank also gives you the advantage of 3.25% p.a. interest on your savings account balance.

4. DCB Privilege Savings Account

The account allows you to maintain the required balance of Rs. 5 lakh in any combination across your savings account and fixed deposits held with the DCB Bank. DCB Privilege Savings Account also offers unlimited free access to all DCB Bank ATMs in India, along with free banking across DCB branches.

Additionally, to make your banking experience even better, the bank offers a dedicated relationship manager under this account.

5. DCB Cashback Savings Account

As the name goes, this saving account by DCB bank is to earn attractive rewards on your spends. You can earn cash back of up to Rs. 6,000 in a financial year for every purchase using DCB cashback Debit Card. The bank offers unlimited free access to all DCB Bank ATMs in India, along with free banking across DCB branches.

All resident individuals are eligible to open DCB Cashback Savings Account.

6. DCB Classic Savings Account

DCB Classic Savings Account brings into easy maintaining account with the hassle-free transaction. You can make payments to pay your bills, tax, etc., through Internet Banking. The account offers unlimited free access to all DCB Bank and Visa ATMs in India. Additionally, you can make unlimited free use of the RTGS & NEFT facility.

The minimum balance requirement you need to keep is Rs. 5,000.

7. DCB Basic Savings Bank Deposit Account (BSBDA)

This DCB Saving Account is a zero balance account, which mean there is no requirement of maintaining the minimum balance in your account. You can receive physical and email statement of your account. You will also get a free ATM card, along with unlimited free RTGS and NEFT facility.

Note: All most all DCB Saving Account has a free DCB Internet/Phone/Mobile Banking facility.

Minimum Balance of DCB Savings Account

Generally, the minimum balance of every account varies. You need to thoroughly check this parameter as not maintaining the minimum balance can lead to charges by the bank.

Take a quick glance at the minimum balance requirement by all savings account offered by the DCB bank -

Steps to Open a DCB Bank Savings Account

Offline - In a Bank Branch

Visit the nearest DCB bank branch and request the bank executive for a savings account opening form. While filling the form, ensure all the fields are filled correctly. The details mentioned in the application form should match with your KYC documents. Following, the bank will verify your details. Upon successful verification, the account holder will get a free passbook, cheque book and debit card.

Online - Internet Banking

• Visit the official website of DCB bank
• On the homepage, you will find an option of 'Open Bank Account', click on it
• The page will have 'DCB Savings Account', click on it again
• Here, you will find all the savings account offered by the bank, and under every type, there is an option saying 'Leave Number'
• Once you click on it, you'll find a form. Fill the form and click on submit

The bank executive will get in touch with you for further process.

Eligibility Criteria to Open a Savings Account in DCB Bank

The eligibility criteria are as follows:

• The person should be a citizen of India
• The individual should be 18 years of age or above
• The parent or guardian can open the account if the account holder is a minor
• The customers need to submit valid identity and address proof to the bank that is Government approved
• Once the bank approves the submitted documents, the applicant will have to make an initial deposit depending upon the type of the savings account

DCB Bank Customer Care

You can reach DCB bank through toll-free numbers. Alternatively, you can drop an email to them-

For Resident Indians

• Toll-free numbers: 1800 123 5363/ 1800 209 5363
• Email: customercare@dcbbank.com

For NRIs

• Call @ 91 22 61271000
• India toll-free numbers: 1800 123 5363/1800 209 5363
• Email: nri@dcbbank.com