DBS Bank offers multiple options of Fixed Deposit schemes to its customers. Ranging from 7 days to 5 years and overdraft facility of up to 80% of the Fixed Deposit, DBS online services offers the freedom of liquidity with range of tenures coupled with assured returns on Fixed Deposits.
DBS Fixed Deposit Interest Rate 2020
Rates of interest applicable on DBS Bank Fixed Deposit Schemes have been given in the table below, but it is advisable to reconfirm the details before putting your money in:
| Tenure | DBS Bank FD Rates (p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days | 4.00% | 4.00% |
| 8 days and up to 14 days | 4.25% | 4.25% |
| 15 days and up to 29 days | 4.25% | 4.25% |
| 30 days and up to 45 days | 4.50% | 4.50% |
| 46 days and up to 60 days | 5.00% | 5.00% |
| 61 days and up to 90 days | 5.25% | 5.25% |
| 91 days and up to 180 days | 5.50% | 5.50% |
| 181 days and up to 269 days | 5.75% | 5.75% |
| 270 days to less than 1 year | 6.50 % | 6.50 % |
| 1 year to 15 months | 6.75% | 6.75% |
| 15 months 1 day to less than 2 years | 6.00% | 6.00% |
| 2 years and less than 2 years 6 months | 6.00% | 6.00% |
| 2 years and 6 months | 6.00% | 6.00% |
| 2 years 6 months 1 day and less than 3 years | 6.00% | 6.00% |
| 3 years and less than 4 years | 6.25% | 6.25% |
| 4 years and less than 5 years | 6.25% | 6.25% |
| 5 years and above | 6.25% | 6.25% |
Note: The above-mentioned interest rates are applicable w.e.f. April 1st, 2020 on deposits below Rs. 2 crore.
DBS Bank NRE FD Rates
| DBS Fixed Deposit Rates for Non-Resident External (NRE) Accounts | |
| Tenure | Rate of Interest |
| 1 year to 15 months | 5.75% |
| 15 months 1 day up to less than 2 years | 5.75% |
| 2 years and less than 2 years 6 months | 5.75% |
| 2 years and 6 months | 5.75% |
| 2 years 6 months 1 day and less than 3 years | 5.75% |
| 3 years and less than 4 years | 5.75% |
| 4 years and less than 5 years | 5.75% |
| 5 years and above | 5.75% |
Note: The above-mentioned interest rates are applicable w.e.f. April 1st, 2020 on deposits below Rs. 2 crore.
DBS FD Interest Rates for Foreign Currency Non-Resident (FCNR) Account
| Tenure | Interest Rates in Currency USD |
| 1 Year up to 2 Years | 0.92% |
| 2 Years up to 3 Years | 0.75% |
| 36 months to less than 37 months | 0.74% |
| 37 months to less than 38 months | 0.74% |
| 38 months to less than 48 months | 0.74% |
| 4 Years up to 5 Years | 0.74% |
| 5 Years | 0.78% |
Note: The above-mentioned interest rates are applicable w.e.f. April 1st, 2020 on deposits below Rs. 2 crore.
Rates applicable up to USD 300,000. For deposits greater than USD 300,000, please contact the Relationship Manager. FCNR rates in other currencies as below:
| Tenure | GBP | EUR | JPY | CAD | AUD | SGD | HKD |
| 1 Year up to 2 Years | 0.69 | 0.01 | 0.01 | 0.01 | 0.01 | 0.83 | 0.01 |
| 2 Years up to 3 Years | 0.76 | 0.01 | 0.01 | 0.01 | 0.01 | 0.98 | 0.01 |
| 3 Years up to 4 Years | 0.75 | 0.01 | 0.01 | 0.01 | 0.01 | 1.11 | 0.01 |
| 4 Years up to 5 Years | 0.76 | 0.01 | 0.01 | 0.01 | 0.01 | 1.2 | 0.01 |
| 5 Years | 0.77 | 0.01 | 0.01 | 0.01 | 0.01 | 1.26 | 0.01 |
Types of DBS Fixed Deposit Schemes
DBS Bank offers two types of Fixed Deposit Schemes to its customers. Eligibility for both of them is as follows:
- Individuals (single or jointly)
- Minors (under the guardianship of natural or legally appointed guardian)
- Hindu Undivided Families
- Entities
The salient features of both types of DBS Fixed Deposits are:
1. DBS Bank Fixed Deposits
Features
- The minimum amount to start fixed deposit is Rs. 10,000
- The scheme offers higher returns on the deposit of Rs. 2 cr. and above
- Deposit period is ranging from 7 days to 5+ years
- Interest is paid on a monthly or quarterly basis (as selected by the depositor) or for reinvestment
2. DBS Bank Flexi Fixed Deposit
Features
- Initial deposit amount Rs. 10,000 and in the multiples of Rs. 1,000 thereafter
- The maximum deposit amount is Rs. 14, 99,999 for the time period of 394 days
- The fixed deposit can be liquidated in the multiples of Re. 1
- An extensive range of balance thresholds is available. One can choose from – Savings Plus (Rs. 50,000), Savings Power Plus (Rs. 2 lakh) and Treasures Savings (Rs. 5 lakh)
Useful Article: All you need to know Flexi Fixed Deposit
DBS Bank FD Rate 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.
Frequently Asked Questions (FAQs)
Some of the frequently asked questions on DBS Fixed Deposits have been answered here:
Q. What is the minimum amount and tenure for term deposits offered by DBS Bank?
A. For Fixed Deposits offered by DBS Bank, the minimum deposit amount is Rs. 5,000. The maturity range for these FDs is ranging from 3 months to 5 years. Contact the relationship manager or visit the nearest branch of DBS Bank for more details.
Q. What are the benefits of DBS Fixed Deposit?
A. The following are the benefits of going with DBS fixed deposit schemes include the following:
- Overdraft facility is available for resident customers for up to 80% of the deposited amount
- The minimum deposited amount for DBS Bank fixed deposit is Rs. 10,000
- Preferred rate of interest is provided for the deposit of Rs. 2 cr. and above
- The tenure is ranging from 7 days to 5 years or above
- FDs with tenure of 6 months and above are compounded
- Multiple interest payout options – monthly, quarterly and re-investment are available to choose from
Q. Is it possible to terminate the fixed deposit before the maturity date?
A. Yes, a deposit can be terminated at anytime. For this, the depositor needs to login on ‘DigiBank App’ and select the ‘Manage’ tab available in the ‘Term Deposits’ section. However, the depositor has to pay some amount as penalties for early closure request. The remaining balance of the deposit will be paid by the bank directly to the savings account linked. It will take a minimum of 1 working or business day. For more details, visit the branch or call the customer care representatives of the bank for assistance.
DBS Bank Fixed Deposit News
| FD rates revised by DBS Bank |
| 15th October 2019 Private lender, DBS Bank, has reduced its fixed deposit interest rates by up to 75 basis points. This revision has come subsequently the drop in repo rate by the Reserve Bank of India. The said change has come into effect on October 9th, 2019.While the FD rates for 7 days to 180 days remain unchanged, interest rates for tenure ranging from 181 days to 5 years and above have been sliced down. Investors may now earn a maximum of 6.75% interest on deposits maturing in 1 year – 15 months. Earlier this was marked at 7.50%. |