New Delhi. Lockdown is going on to prevent corona virus infection coronavirus pandemic in the country and it is necessary to maintain social dispensing. That is why most banks are now emphasizing more on online facilities. In this series, DCB Bank has started a new facility for its customers. Bank is offering online FD account, free life insurance and good interest rate to customers.
Learn about DCB’s new FD scheme …
CNBCTV18 According to the news of, you can choose DCB ZIPPI online security fixed deposits for the benefit of fixed deposits or free life insurance cover. An FD holder can choose compounding on a quarterly basis or obtain the interest earned on a monthly or quarterly basis. The interest rate on a three -year fixed deposit from 3 June 2020 is 7.35 percent annually.
People in India can invest in DCB ZIPPI online fixed deposits in which they do not need to open a savings account with the bank.
The principal amount on the maturity of FD and the interest earned is transferred to the customer’s savings account, which received the principal or investment amount in the FD.
According to the bank, the investment in Zippi FD is completely contactless, there is no need to go to the bank branch for this. Customers can manage, manage and turn off this FD using their smartphone, tablet or computer.
Insurance of 50 lakh rupees is available for free –In this, most of the life insurance cover of Rs 50 lakh is available in all fixed deposits. This means that if there is a fixed deposit amount of more than 50 lakhs, a maximum of 50 lakh free life will be eligible for insurance cover.
The insurance cover will be valid when the account holder is from the age of 18 to the age of 55 years. PAN, enrollment and email ID are required to open it. The Tenure of FD is 36 months.
There is no need to give any separate premium to the customer for life insurance cover. Medical test is also not required for cover.
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