DBS Bank offers competitive fixed deposit (FD) interest rates, combining strong returns with convenience and safety. Recognised for its performance, DBS has been named the “World’s Best Bank” and “Safest Bank in Asia.” The bank provides multiple tenure options to suit different goals, and senior citizens receive an additional 0.50% interest on qualifying deposits.
DBS Bank FD Interest Rates for Deposits Below ₹2 Crores
The table below details DBS FD rates for individual Indian citizens based on tenure and customer category:
| Fixed Deposit Tenure | DBS FD Rates for Regular Citizens | DBS FD Rates for Senior Citizens |
|---|---|---|
| 7 days | 2.50% | 2.50% |
| 8 days & up to 14 days | 2.75% | 2.75% |
| 15 days & up to 29 days | 4.00% | 4.00% |
| 30 days & up to 45 days | 4.50% | 4.50% |
| 46 days & up to 60 days | 4.50% | 4.50% |
| 61 days | 5.00% | 5.00% |
| 62 days & up to 90 days | 5.00% | 5.00% |
| 91 to 180 days | 5.00% | 5.00% |
| 181 to 269 days | 6.00% | 6.50% |
| 270 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 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% |
These rates apply to individual Indian citizens for deposits below ₹2 crores. For deposits above ₹2 crores, DBS may offer customised or preferential rates—contact the bank directly for details.
Benefits of Opening an FD with DBS Bank
Opening a fixed deposit at DBS provides several advantages:
- Low minimum deposit: You can open an FD with DBS starting at ₹10,000. Using Digibank, the bank’s mobile platform, you can start with as little as ₹5,000.
- Flexible tenures: Choose a maturity period that matches your financial plan, from short-term tenures of 7 days to longer horizons of five years or more.
- Cumulative and non-cumulative options: Opt for cumulative FDs to receive the principal and interest at maturity, or choose non-cumulative payouts monthly or quarterly for regular income.
- Mobile convenience: The Digibank app enables fully digital FD account opening, tracking of investments, nominee additions and easy management of deposits.
- Deposit protection: Eligible deposits with DBS are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakhs, offering added peace of mind.
These features make DBS FDs a reliable choice for steady, low-risk returns. If you require immediate funds instead of locking money in an FD, consider short-term credit solutions available through other financial services.
Frequently Asked Questions on DBS Bank FD Rates
What is the interest rate on FDs in DBS Bank?
DBS FD interest rates vary based on the deposit amount, tenure and the investor’s age. For deposits under ₹2 crores, rates range from 2.50% to 7.50% for regular citizens and from 2.50% to 8.00% for senior citizens.
What is the DBS Fixed Deposit interest rate in 2024?
In 2024, DBS FD rates for individual deposits under ₹2 crores are as follows:
- Regular citizens: 2.50% to 7.50% per annum
- Senior citizens: 2.50% to 8.00% per annum
Does DBS have fixed deposit options?
Yes. DBS offers multiple FD options designed to preserve capital and deliver stable returns while avoiding market volatility.
How is DBS FD interest calculated?
Interest on DBS FDs depends on the deposited amount, the applicable interest rate, the chosen tenure and the payout option (cumulative or non-cumulative). DBS provides an FD calculator to estimate returns based on these inputs.
How do I withdraw a fixed deposit from DBS?
Premature or scheduled withdrawals can be processed via the Digibank mobile app, net banking or by visiting a DBS branch. Early withdrawal may lead to interest at a reduced rate and a penalty in line with the bank’s terms and conditions.