With the increase in key rates by the Reserve Bank, FD rates have become attractive. Market experts are predicting that in the coming time, due to further increase in repo rates, FD rates will also be better.
People do FD in banks because they do not want to take too much risk. Keeping this thinking of the people in mind, DCB Bank has introduced a special offer to give double protection to its customers from risk. In this product of the bank, customers are not only being given high returns but they are also getting insurance cover. DCB Bank has relaunched DCB Suraksha Fixed Deposit. With this FD, the bank is offering 7.1 percent return to its customers and in case of any untoward incident, the family members of the policy holders will also get insurance cover of up to 10 lakhs.
what is this offer
According to the information given by the bank, two special features have been given with DCB security. Those investing through this product will get a higher interest rate of 7.1 percent per annum on their 3-year FDs. Along with this, they will also get an insurance cover of up to Rs 10 lakh. According to the bank, the amount of FD customers make, they will get insurance cover equal to the same amount.
However, on FDs above Rs 10 lakh, only a cover of Rs 10 lakh will be provided. According to the bank, FD customers will not have to pay a separate premium on their insurance cover. The most important thing is that there is no need to give any kind of medical test to take the cover.
What are other offers of the bank
The bank is also offering similar FDs to NRIs. Through DCB NRI Suraksha FD, NRIs can get insurance facility with high returns. Along with this, DCB Bank is also offering higher interest rates on normal FDs. The bank is offering 7.1 percent on FDs for 700 days to 3 years.
At the same time, 7.6 percent interest rate is being offered to senior citizens for the same period. With the increase in key rates by the Reserve Bank, FD rates have become attractive. Market experts are predicting that in the coming time, due to further increase in repo rates, FD rates will also be better.
