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DFCC Bank
Deposits
 
 

 
PREVAILING INTEREST RATES

 The Fixed deposit rates of DFCC Bank are as follows with effect from 15th March 2007.
 Interest  Payable 1
month
(p.a %)		 3 months
(p.a %)		 6
months
(p.a %)		 1
year
(p.a %)		 2
years
(p.a %)		 3
years
(p.a %)		 4
years
(p.a %)		 5
years
(p.a %)
 Simple Rate

14.00%

14.50%

14.50%

14.75%

14.75%

- - -
 Annual  Effective Rate

14.93%

15.31%

15.03%

14.75%

13.80%

13.50%

13.50%

13.50%

 Monthly - - -

13.84%

13.00%

12.73%

12.73%

12.73%

 Quarterly - - -

14.00%

13.14%

12.87%

12.87%

12.87%

 Bi Annually - - -

14.24%

13.35%

13.07%

13.07%

13.07%

 Annually - - -

14.75%

13.80%

13.50%

13.50%

13.50%

 Maturity - - -

14.75%

14.75%

No Maturity Payment
 
 
The rates for CDs offered by DFCC Bank are as follows : d
 Period (Yrs) 2 Years
(p.a %)		 3 Years
(p.a %)		 4 Years
(p.a %)		 5 Years
 (p.a %)
Face Value 100,000 100,000 100,000 100,000
 New Rate (Simple) 13.00% 13.50% 14.00% 14.50%
 Discounted Value 79,365.08 71,174.38 64,102.56 57,971.01
 WHT 2,063.49 2,882.56 3,589.74 4,202.90
 Amt. to be paid by depositor 81,428.57 74,056.94 67,692.31 62,173.91
 Effective Rate to depositor 10.82% 10.53% 10.25% 9.97%
 Effective Rate to DFCC 12.25% 12.00% 11.76% 11.52%
REVISED SENIOR CITIZENS FIXED DEPOSIT RATE-DFCC BANK (2 YEARS)
Rate (%) p.a.
Simple rate 10.25
AER 9.77
Monthly rate 9.36
 Debit tax will deduct Rs. 100 from each Rs. 100,000 of face value of CD at encashment