DCB Revises Interest Rates on Fixed Deposits

Development Credit Bank Ltd (DCB) has informed BSE that the Bank has introduced an attractive interest rate of 9.25% p.a. (for amounts below Rs 15 lakhs) for the fixed deposit period of 5 to 9 months. The deposit will offer greater flexibility in withdrawal of funds to customers, with no charges, thereby taking care of their immediate fund requirements.

Additionally, the Bank offers attractive interest rates for 369 days, 569 days and 869 days at 10% p.a. (for amounts below Rs 15 lakhs). The Bank has introduced new slabs of 1369 days and 1869 days for long-term deposit holders with attractive rates.

The stock closed the day at Rs.101.50, up by Rs.4.80 or 4.96%. The total traded quantity was 393107 compared to 2 week average of 1294819. The stock hit an intraday high of Rs.101.50 and low of Rs.97.50.

Source : Equity Bulls

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