Deposits

Current Deposits

The current deposit refers to a service without any deposit term limitations that cash deposits and withdraws can be made at Bank counters, Bank self-service equipments with Bank card,passbook or reserved password during Bank business hours.

Savings Deposits

A savings account is an interest-bearing deposit account held at a Bank or another financial institution that provides a modest interest rate. Banks or financial institutions may limit the number of withdrawals . Interest will be paid @ 4 % on daily basis.

Recurring Deposit

Recurring Deposit is a special kind of Term Deposit offered by Banks which help people with regular incomes to deposit a fixed amount every month into their account.


THE DEPOSIT RATE OF INTERST ARE HERE UNDER:

Term Deposits

S.NO Period of Deposits Rate of Interest(%)
1 Saving Bank 4.00%
2 15 days to 45 days 5.75%
3 46 days to 90 days 6.75%
4 91 days to 180 days 7.00%
5 181 days to 364 days 7.50%
6 Above 1 year to 3 years 8.00%
7Above 3 years 7.75%

Interest Rates offered on Special Deposits:


Kalpavalli Deposit (time period:7y.3m): 8.5%

Harshavalli Deposit(time period:4y.3m): 8.5%

Podupuvalli Deposit(time period:1000days): 8.5%


DCCB Srikakulam offers highest rate of interest for the public and 0.50% excess for Senior citizens whose deposits are not less than Rs.5000/- and a minimum period of one year.

Young Champion Accounts:


DCCB Srikakulam provides scholarship accounts for the children whose age is above 10 years.

Recurring Deposits

Vanitha Recurring Deposit is a special kind of Term Deposit offered by Bank to the Women , which help people with regular incomes to deposit a fixed amount every month into their account.