The Government of India in consultation with the Reserve Bank of India (RBI) sanctioned the scheme for the amalgamation of Lakshmi Vilas Bank with the DBS Bank India. The amalgamation came into force from November 27, 2020. Hence, the customers who are depositors of LVB are now customers of DBS Bank India.
DBS Fixed Deposit (FD) Interest Rates Highlights
| 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 14 February 2025
To know more about DBS Bank Fixed Deposits: Click here