DCB's prime lending rate now stands at 15.25 per cent compared to the earlier 14.5 per cent, a bank spokesman said here today.
The bank has also revised interest rates on Resident and Non-resident Ordinary (NRO) deposits across various maturities with effect from July 8, he added.
Besides, the bank has introduced a new deposit scheme having a maturity of 149 days, which will attract an interest rate of 8.75 per cent.
This is the highest return offered by any bank in this particular tenure, a DCB statement said.
Senior citizens would be eligible for an additional 0.5 per cent interest.
The apex bank had on June 24 hiked the short-term lending rate (repo) and the mandatory deposits that banks should keep with the RBI (Cash Reserve Ratio) by 50 basis points to tighten monetary supply to check inflation that is hovering over 11 per cent.