DCB Bank Introduces Happy Savings Account Offering Cashback Benefits

Earn Up to ₹7,500 Annually with This Unique Savings Account

New Delhi — While most people are familiar with traditional savings accounts, DCB Bank, a private sector bank, is revolutionizing the concept by introducing the Happy Savings Account, which offers cashback benefits to account holders. Here’s everything you need to know about this unique savings account.

Cashback Feature and UPI Transactions

The DCB Bank Happy Savings Account allows customers to earn up to ₹7,500 annually in cashback. To avail of this benefit, customers need to make a minimum UPI transaction of ₹500. The cashback is awarded based on the transactions made each quarter and is credited to the account at the end of each quarter.

Average Quarterly Balance (AQB) Requirements

To maximize cashback rewards, the Happy Savings Account requires customers to maintain a minimum average quarterly balance (AQB) of ₹25,000. While the minimum AQB required to open the account is ₹10,000, maintaining a higher balance can lead to greater cashback benefits, amounting to ₹625 per month.

Benefits for All Customers

All DCB Bank customers can take advantage of the Happy Savings Account. Existing customers have the option to convert their current savings account into a Happy Savings Account. Additionally, this special account offers several free services, including:

Unlimited Free RTGS, NEFT, and IMPS Transactions: Customers can make unlimited free transactions using these electronic fund transfer systems.
Unlimited Free ATM Transactions: Enjoy unlimited free transactions at any DCB Bank ATM.

Key Takeaways

Cashback Benefits: Earn up to ₹7,500 annually in cashback with the Happy Savings Account.
UPI Transactions: A minimum UPI transaction of ₹500 is required to qualify for cashback.
Quarterly Balance: Maintain a minimum average quarterly balance of ₹25,000 to avail of cashback rewards.
Unlimited Transactions: Enjoy unlimited free RTGS, NEFT, IMPS, and ATM transactions.

The DCB Bank Happy Savings Account is an innovative approach to savings, offering both financial benefits and flexibility to its customers. With its unique features and cashback benefits, it stands out as a compelling option for those looking to maximize their savings and enjoy added perks.

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