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DBS Bank FD Interest Rates (p.a.) Highlights |
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| Highest slab rate | 7.50% (for 376 days to 540 days) |
| For 1 year | 7.00% |
| For 2 years | 7.00% |
| For 3 years | 6.50% |
| For 4 years | 6.50% |
| For 5 years | 6.50% |
| Tax Saving FD | 6.50% |
The interest rates are updated as of 21 January 2025
DBS Fixed Deposit Interest Rate
DBS Bank FD Interest Rates for Domestic & NRO Deposits of less than Rs 2 crore w.e.f. 11 December 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 | 4.00 | 4.00 |
| 30 days to 45 days | 4.50 | 4.50 |
| 46 days to 60 days | 4.50 | 4.50 |
| 61 days | 5.00 | 5.00 |
| 62 days to 90 days | 5.00 | 5.00 |
| 91 days to 180 days | 5.00 | 5.00 |
| 181 days to 269 days | 6.00 | 6.50 |
| 270 days to less than 1 year | 6.00 | 6.50 |
| 1 year to 375 days | 7.00 | 7.50 |
| 376 days to 540 days | 7.50 | 8.00 |
| 541 days to 599 days | 7.25 | 7.75 |
| 600 days | 7.25 | 7.75 |
| 601 days to less than 2 years | 7.25 | 7.75 |
| 2 years to less than 2 years 6 months | 7.00 | 7.50 |
| 2 years & 6 months | 7.00 | 7.50 |
| 2 years 6 months 1 day & less than 3 years | 7.00 | 7.50 |
| 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 |
Note: 1. The senior citizen preferential rates (50bps) are applicable for a tenure of 181 days and above.
2. Additional senior citizen rates do not apply to NRO term deposits
DBS Bank Tax Saver Deposit w.e.f. 18 November 2022
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 6.50 | 7.00 |
Non-Resident External (NRE) Fixed Deposit Interest Rates of deposits less than Rs 2 crores w.e.f. 18 November 2022
| Tenure | Interest Rates (% p.a.) |
| 1 year to 375 days | 6.25 |
| 376 days to 540 days | 6.50 |
| 541 days to less than 2 years | 6.25 |
| 2 years to 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 |
Types of DBS Bank FD Scheme
Regular Fixed Deposits (With Reinvestment of Interest Component)
- Minimum deposit amount: Rs 10,000
- Tenure: 7 days to 5 years and above
- This scheme allows reinvestment of the interest component to the deposit amount
- Additional 0.50% interest rates are offered to senior citizen FD depositors on deposits of less than Rs 2 crore for a tenure of 181 days and above
- Simple interest rate will be paid on deposits below 6 months.
- For FDs of tenure 6 months or above, interest will be compounded quarterly
- Depositors can opt for monthly (at a discounted rate) or quarterly payout option
DBS Tax Saver Fixed Deposit
- Tax Saver Deposits are eligible for a tax deduction of up to Rs 1.5 lakhs in a financial year under section 80C of the Income Tax Act
- Deposit amount: Minimum: Rs 100; Maximum: Rs 1.5 lakhs in a financial year
- Tenure: 5 years
- Premature withdrawal of tax-saver deposits is not allowed
- Depositors can opt for either monthly, half-yearly, quarterly or yearly interest pay-out options
- Tax saver deposit also allows reinvestment of the interest component to the deposit amount (cumulative deposit)
- Nomination facility is available
- Senior citizens are offered an additional 0.50% over and above the domestic FD rates
Flexi Deposit
- Minimum deposit amount – Rs 10,000
- Depositor can save in multiples of Rs 1,000 up to a maximum of less than Rs 15 lakhs for a period of 364 days
- The FD is liquidated in multiples of Rs 1 and the balance continues to earn interest at the initial contracted rate
- The last FD created is broken first in case multiple FDs are linked to the savings account, to ensure maximum returns
- Balance thresholds required to be maintained for different types of savings accounts linked to Fixed Deposit are as follows:
- Savings Plus: Rs 50,000
- Savings Power Plus: Rs 2 lakh
- Treasures Savings: Rs 5 lakh
NRO Fixed Deposits
- Eligibility: Non-Resident Indian (NRI) and Person of Indian Origin (PIO)
- Fixed deposit can be opened jointly with a non-resident or resident Indian citizen
- Simple interest rate will be paid on deposits below 6 months.
- For FDs of tenure 6 months or above, interest will be compounded quarterly
- While the principle is not fully repatriable, the entire interest earned on the deposit can be transferred to a foreign currency
- Auto-renewal and nomination facilities are available
- Depositors need to maintain account for at least 7 days to earn interest on it
NRE Fixed Deposits
- Deposits can be held jointly with more than one non-resident Indian
- Tenure: 1 year to 10 years
- The principal amount and interest earned are freely and fully repatriable
- NRE fixed deposit can be renewed online in a hassle-free manner
- Depositors need to maintain FDs for at least 12 consecutive months to be eligible for interest payments
- Nomination facility is available
FCNR Deposits
- Depositors can hold currencies in US Dollars (USD), Pound Sterling (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Singapore dollar (SGD) and Hong Kong dollar (HKD)
- Tenure: 1 year to 5 years
- No minimum deposit is required to be maintained
- Internet banking facility allows depositors to have 24-hour access to their account with fully secure and quick transactions
- Mobile banking facility is available
- No interest will be paid if deposits are prematurely withdrawn before the expiry of 1 year from the date of FD or its renewal
Premature Withdrawal of Fixed Deposits
- Interest will be paid after deducting the penal rate of 1% from the applicable rate. The applicable rate would be the lower of the following two conditions:
- The interest rate for the original/contracted tenor of the deposit
- The interest rate which was applicable at the time for the period of deposit for which the FD remained with the bank
- Pre-closure charges of 1% will be applicable on all FDs booked/renewed on or after 15th April 2019
FD Calculator
This is an online tool that helps the depositors calculate how much interest they can earn by investing in a particular DBS Bank fixed deposit scheme. By providing some basic yet essential information, such as duration of the deposit, the principal amount, etc. one can easily estimate the return value with the scheme.
In case of any other information, one can visit the nearest DBS Bank branch or call their officials for assistance at 1800-209-4555.