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DBS Bank adjusts FD interest rates, offering incentives up to 7.75% with a term of 600 days


Fixed deposit interest rate below $2 crore modified thanks to DBS Bank. According to the official website of the lender, the updated or new interest rate is effective as of November 18, 2022. Following the change, the bank is now offering interest rates on maturing fixed deposits. for 7 days to 5 years or more between 2.50% and 6.50% for the general public and 2.50% to 7.00% for the elderly. The maximum standard interest rates of 7.25% and 7.75% for seniors will now be applied to deposits maturing in 600 days. Due to this change, DBS Digibank now offers fixed deposit rates as below.

DBS Bank FD Rate

For FDs maturing in 7 days, the bank offers an interest rate of 2.50% and for maturities in 8 days and up to 60 days, DBS Bank offers an interest rate of 2.75%. DBS Bank is currently offering 3.00% interest rate on FDs maturing in 61 days and up to 180 days and 4.75% interest rate on funds maturing in 181 days to less than 1 year . Deposits maturing in 1 year to 375 days will now receive an interest rate of 6.25%, and deposits maturing in 376 days to 599 days will now receive an interest rate of 6.50%. For FDs maturing after 600 days, the bank is currently offering an interest rate of 7.25%, and for maturity after 601 days to 5 years or more, DBS Bank is currently promising an interest rate of 6 ,50%.

DBS Bank FD Rate

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DBS Bank FD Rate (dbs.com)

Elderly residents will enjoy an additional rate of 50 bps on FD registration up to INR 2 Cr. “From September 3, 2021, a 50 bps Preferred Rate will be offered to Senior Residents when booking FD < INR 2 Cr,” DBS Bank said on its website. Senior citizen special applies only to domestic term deposits Elderly this rate does not apply to NRO and NRE term deposits and for terms of 181 days or more, special rate will be in effect. , you will receive the prevailing interest rate," DBS Bank mentions on its website.

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