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.
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7%INTEREST ON FD
DBS Fixed Deposit (FD) Interest Rates Highlights
| Highest slab rate | 7.50% (for 2 years 6 months 1 day to less than 3 years) |
| For 1 year | 6.25% |
| For 2 years | 7.25% |
| For 3 years | 6.50% |
| For 4 years | 6.50% |
| For 5 years | 6.50% |
The interest rates are updated as of 4 April 2023
To know more about DBS Bank Fixed Deposits: Click here
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