DBS Bank FD Interest Rates

DBS bank FD interest rates for 4 years to less than 5 years tenure is 6.5% for regular citizens and 7% for senior citizens. FD or Fixed Deposit is one of the safest options when it comes to investment. Fixed Deposits offer relatively higher interest rates when compared to most savings bank accounts. The Rate of Interest (ROI) varies from one lender to another. DBS Bank is one such lender that offers Fixed Deposits.

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DBS Bank Fixed Deposit Rates

  1. For Regular Citizens and Senior Citizens:

    The following are the DBS Bank FD rates as of the current financial year 2023-2024 for regular and senior citizen accounts:

    Rates w.e.f. 1st February, 2023

    Tenor Regular Senior Citizen
    7 days 2.50% 2.50%
    8 days & up to 14 days 2.75% 2.75%
    15 days & up to 29 days 2.75% 2.75%
    30 days & up to 45 days 2.75% 2.75%
    46 days & up to 60 days 2.75% 2.75%
    61 days 3.25% 3.25%
    62 days & up to 90 days 3.00% 3.00%
    91 to 180 days 3.00% 3.00%
    181 to 269 days 4.75% 5.25%
    270 to less than 1 year 4.75% 5.25%
    1 year to 375 days 6.25% 6.75%
    376 days to 540 days 7.25% 7.75%
    541 days to 599 days 7.25% 7.75%
    600 days 7.25% 7.75%
    601 days to less than 2 years 6.50% 7.00%
    2 years & 6 months 6.50% 7.00%
    2 years 6 months 1 day & less than 3 years 6.50% 7.00%
    3 years and less than 4 years 6.50% 7.00%
    4 years to less than 5 years 6.50% 7.00%
    5 years and above 6.50% 7.00%

    *The FD Rates are subject to change, without any prior notice. Standard T&C Apply

  2. NRO Fixed Deposit Interest Rates of deposits less than Rs 2 crore w.e.f. 1 February 2023:

    Tenure Interest Rates (% p.a.)
    Regular Citizens Senior Citizens
    7 days 2.50 2.50
    8 days to 14 days 2.75 2.75
    15 days to 29 days 2.75 2.75
    30 days to 45 days 2.75 2.75
    46 days to 60 days 2.75 2.75
    61 days 3.25 3.25
    62 days to 90 days 3.00 3.00
    91 days to 180 days 3.00 3.00
    181 days to 269 days 4.75 5.25
    270 days to less than 1 year 4.75 5.25
    1 year to 375 days 6.25 6.75
    376 days to 540 days 7.25 7.75
    541 days to 599 days 7.25 7.75
    600 days 7.25 7.75
    601 days to less than 2 years 6.50 7.00
    2 years & 6 months 6.50 7.00
    2 years 6 months 1 day & less than 3 years 6.50 7.00
    3 years & less than 4 years 6.50 7.00
    4 years & less than 5 years 6.50 7.00
    5 years & above 6.50 7.00
  3. Non-Resident External (NRE) Fixed Deposit Interest Rates of deposits less than Rs 2 crores w.e.f. 1 February 2023:

    Tenure Interest Rates (% p.a.)
    1 year to 375 days 6.25
    376 days to 540 days 7.25
    541 days to less than 2 years 7.25
    2 years & less than 2 years 6 months 5.75
    2 years and 6 months 5.25
    2 years 6 months 1 day and less than 3 years 5.25
    3 years and less than 4 years 5.00
    4 years and less than 5 years 5.00
    5 years and above 5.00

    *The FD Rates are subject to change, without any prior notice. Standard T&C Apply

Features of DBS Bank Fixed Deposit

Some of the main highlights of Fixed Deposits offered by the DBS Bank are as follows:

  • It offers liquidity

  • It offers various investment options depending on the duration of the investment

  • It offers overdraft facilities

  • FDs can be purchased online through net banking or mobile banking as well

  • The interest rate ranges from 2.50% to 5.50% currently

  • The deposit period ranges from 7 days to 5 years or more

  • Rs. 10, 000 is the minimum amount for DBS Fixed Deposit

  • Interest is paid on a monthly and quarterly basis

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Eligibility for DBS Bank Fixed Deposit

The following people are eligible to invest in the FD of DBS Bank:

  • Any individual

  • HUF (Hindu Undivided Family)

  • Minor

  • Partnership Firm

  • LLP (Limited Liability Partnership)

  • NRIs (Non-Resident Indians)

  • Trusts

FD interest rates India have fallen consistently over the last 10 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years

DBS Bank FD Calculator

The DBS FD Calculator helps you figure out how much money you'll get when your fixed deposit at DBS Bank matures. You just have to enter the investment amount, FD tenure, and interest value to know the final results.

DBS Bank (The Development Bank of Singapore Limited) is a well-established financial service group and works as a (WOS) Wholly Owned Subsidiary of DBS Bank Ltd., Singapore. With Fixed Deposit rates ranging from 2.50% to 5.50% per annum, it is one of the best rates offered in the FD market.

Premature Withdrawal of Fixed Deposits

If the FD account holder decides to withdraw the amount before its tenor, it attracts the following charges:

  • Penal rate of 1% will be deducted from interest paid.

  • The applicable rate will be the lower of two conditions:

    • Interest rate for original/contracted tenor of deposit

    • Interest rate applicable at the time for the deposit period for which FD remained with the bank.

  • 1% pre-closure charges will apply to all FDs booked/renewed on or after 15th April 2019.

In Conclusion

DBS Bank offers competitive fixed deposit interest rates to its customers. Customers can choose from a range of deposit tenures and compounding options to maximize their returns on investment. With the DBS FD Calculator, customers can easily estimate the maturity amount of their fixed deposits, making it easier to plan and manage their finances. Overall, DBS Bank's FD interest rates provide a reliable and attractive investment option for customers looking to grow their savings.

FAQ's

  • How is Fixed Deposit maturity amount calculated?

    The FD Calculator calculates the maturity amount and the amount of interest you'll earn. The formula used for calculating the fixed deposit is M = P + (P*r*t/100).
    Wherein;
    P = Principal/Deposit amount
    T = Tenure
    R = Rate of return
    For instance – You deposit Rs 10,000 for 5 years at 5% interest rate.
    As per the formula,
    M = 10000 + (10000*5*5/100) = 12,500
    Rs 12,500 will be the final amount at maturity.
  • Can I withdraw my fixed deposit before maturity? Will I be charged any penalty?

    You can withdraw your DBS Term Deposit before its maturity. However, it attracts certain penalties as per your bank’s policy. The penalty charge in most cases is 1%. The amount of interest you get will depend on how long you held the deposit before withdrawal.
  • Is DBS Bank FD calculator free to use?

    Yes. Since it is an online tool, you can use it at your convenience without a charge.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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FD Calculator

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