This bank is giving free insurance up to Rs 50 lakh on making FD, avail the benefits sitting at home

New Delhi. Lockdown is going on in the country to prevent Corona virus infection (Coronavirus Pandemic) and it is important to maintain social distancing. That is why most of the banks are now giving more emphasis on online facilities. In this series, DCB Bank has started a new facility for its customers. The bank is offering online FD account, free life insurance and good interest rates to the customers.

Know about DCB’s new FD scheme…

CNBCTV18 According to the news, you can choose DCB Zippi Online Security Fixed Deposit to avail the benefit of fixed deposit or free life insurance cover. An FD holder can choose compounding on a quarterly basis or receive the interest earned on a monthly or quarterly basis. From June 3, 2020, the interest rate on three-year fixed deposits is 7.35 percent per annum.

People anywhere in India can invest in DCB Zippi Online Fixed Deposit without the need to open a savings account with the bank.

On maturity of the FD, the principal amount and the interest earned is transferred to the customer’s savings account from which the principal or investment amount in the FD was received.

According to the bank, investment in Zippi FD is completely contactless, there is no need to visit the bank branch for this. Customers can open, manage and close this FD using their smartphone, tablet or computer.

Insurance worth Rs 50 lakh is available for free –In this, life insurance cover of mostly Rs 50 lakh is available in all fixed deposits. This means that if the fixed deposit amount is more than Rs 50 lakh, you will be eligible for a maximum free life insurance cover of Rs 50 lakh.

The insurance cover will be valid from the age of 18 years till the age of 55 years of the account holder. To open it, PAN, enrollment and email ID are required. The tenure of FD is 36 months.

The customer does not need to pay any separate premium for life insurance cover. Medical test is not even required for cover.

read this also-Big news for those who buy LIC policy! These rules were eased till June 30

Tags: business news in hindi, Coronavirus, Coronavirus Epidemic, Coronavirus pandemic, fixed deposits, Fixed-term contract, India Lockdown, Lockdown, Lockdown-5

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