DCB SMARTCASH SAVINGS ACCOUNT

[luciferlucifer is verified member.]

Has anyone have this account?

DCB SMARTCASH SAVINGS ACCOUNT

Earn while you spend!​

• Presenting DCB SmartCash Savings Account – get rewarded for purchases made using the linked DCB Debit Card.. Enjoy cash back rewards up to INR 9,600 in a financial year. Go ahead and indulge yourself!
• The minimum Average Quarterly Balance (AQB) to be maintained in your DCB SmartCash Savings Account is INR 10,000 and the minimum Average Quarterly Balance (AQB) of INR 50,000 is to be maintained to avail earn cash back rewards.

What more do I get?​

• Cash back eligibility starts at minimum AQB of INR 50,000 at account level.
• Cash back for a particular quarter will be credited to the customer’s account around 15th-20th day of the following quarter.
• Unlimited free access to all DCB Bank ATMs in India
• Free any branch banking across DCB Bank branches
• Free unlimited use of RTGS, NEFT & IMPS facility
• Free DCB Internet, Phone & Mobile Banking

https://www.dcbbank.com/upload/pdf/DCB-SmartCash-Savings-Account-Terms-and-Conditions.pdf

 

[krishc]

100 cashback for min 500 txn mentioned but cashback percentage not mentioned.
no way they would give 100 cb for 500 txn, 20% cashback would be unreal only.

 

[cooltechno]

Yeah this looks very lucrative tho

 

[Chaitanya-a]

100 cashback for min 500 txn mentioned but cashback percentage not mentioned.
no way they would give 100 cb for 500 txn, 20% cashback would be unreal only.

They can. Coz capping is there. Only 2 Cashback per month. Max ₹2400 Cashback in an year. You're also doing favour by keeping ₹50k with them.

Calculating our returns in 1 year:
1) Cashback of ₹2400
2) Savings account interest @2% i.e. ₹1000
Total- ₹3400

If we create FD in bank @7.1% for ₹50k i.e. ₹3550

Bank is in profit here.