DBS Bank FD Interest Rates 2022 | Fixed Deposit Interest Rates of DBS Bank 2022

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DBS Bank FD Interest Rates 2022, Fixed Deposit Interest Rates of DBS Bank 2022, Fixed deposit interest rates on domestic deposits, Fixed deposit interest rates on NRO deposits, Fixed deposit interest rate on NRE deposit

DBS Bank offers FD schemes at an interest rate of 2.50-5.75% p.a. to general citizens and 2.50- 6.25% p.a. to senior citizens with tenures ranging from 7 days to 5 years. Along with this, the bank also offers various fixed deposit schemes like NRO, NRE and FCNR to NRIs. If you also want to know about DBS Bank FD interest rates, various FD schemes, read this article.

DBS Bank FD Interest Rates 2022, Fixed Deposit Interest Rates of DBS Bank 2022, Fixed deposit interest rates on domestic deposits, Fixed deposit interest rates on NRO deposits, Fixed deposit interest rate on NRE deposit

DBS Bank FD Interest Rates 2022

Maximum Slab Rate5.75% (5 years and above)
for 1 year5.00%
for 2 years5.25%
for 3 years5.65%
for 4 years5.65%
for 5 years5.75%
Tax Saving FD

DBS Bank offers various Fixed Deposit Schemes to its customers with tenures ranging from 7 days to 5 years. Along with this, it also offers overdraft facility on up to 80% of the FD amount.

Fixed Deposit Interest Rates of DBS Bank 2022

Fixed deposit interest rates on domestic deposits

Fixed deposit interest rates on domestic deposits of less than Rs. 2 crores.

DBS Fixed deposit interest rates on domestic deposits

PeriodOrdinary citizensSenior citizen
7 Days2.50%2.50%
8 days to 14 days2.50%2.50%
15 days to 29 days2.50%2.50%
30 days to 45 days2.50%2.50%
46 days to 60 days2.50%2.50%
61 days to 90 days2.75%2.75%
91 days to 180 days2.75%2.75%
181 days to 269 days3.00%3.50%
270 days to 1 year3.50%4.00%
1 year to 375 days5.00%5.50%
376 days to 2 years5.00%5.50%
2 years to 2 years 6 months5.25%5.75%
2 years 6 months5.25%5.75%
2 years 6 months 1 day to 3 years5.25%5.75%
3 years to 4 years5.65%6.15%
4 years to 5 years5.65%6.15%
5 years or more5.75%6.25%

* Interest rates are applicable from February 14, 2022
* Additional interest of 0.50% will be given to senior citizens on FDs of 181 days or more

Fixed deposit interest rates on NRO deposits

Fixed deposit interest rates on NRO deposits of less than Rs. 2 crores.

DBS Fixed deposit interest rates on NRO deposits

PeriodOrdinary citizens
7 Days2.50%
8 days to 14 days2.50%
15 days to 29 days2.50%
30 days to 45 days2.50%
46 days to 60 days2.50%
61 days to 90 days2.75%
91 days to 180 days2.75%
181 days to 269 days3.00%
270 days to 1 year3.50%
1 year to 375 days5.00%
376 days to 2 years5.00%
2 years to 2 years 6 months5.25%
2 years 6 months5.25%
2 years 6 months 1 day to 3 years5.25%
3 years to 4 years5.65%
4 to 5 years5.65%
5 years or more5.75%

Fixed deposit interest rate on NRE deposits

Fixed deposit interest rate on NRE deposits of less than Rs.2 crores.

DBS Fixed Deposit Interest Rates for NRE

PeriodInterest rates
1 to 375 days4.50%
376 days to 2 years3.15%
2 years to 2 years 6 months3.35%
2 years 6 months3.35%
2 years 6 months 1 day to 3 years3.35%
3 years to 4 years4.35%
4 years to 5 years4.35%
5 years or more4.35%

Types of FD Schemes of DBS Bank

Regular Fixed Deposit ( with interest reinvestment option )

  • Minimum deposit amount : Rs.10,000/ –
  • Duration : 7 days to 5 years or more
  • The scheme provides an option to reinvest the interest in the deposit amount.
  • 2 crore to senior citizens for a period of 181 days or more. Additional interest of 0.50% is given on deposits of less than
  • Simple interest rates are offered on deposits of less than 6 months
  • Interest on deposits of 6 months or more is compounded quarterly
  • Interest can be paid monthly (at concessional rates) and quarterly (within three months)

Flexi deposit

  • Minimum deposit amount : Rs.10,000/ –
  • 15 lakh for a tenure of 364 days. 1,000 on deposits of less than Rs. can increase the investment amount in multiples of
  • You can withdraw some money from FD at the time of need and you will continue to get interest on the remaining amount at a lower rate than before.
  • If more than one FD is linked with the savings account, then the FD that was deposited last will be broken first so that you can get maximum returns
  • The following are the details of the balance you need to maintain in different types of savings accounts linked to fixed deposits:
    • Savings Plus: Rs 50,000.
    • Savings Power Plus: Rs 2 lakh.
    • Treasure Saving: Rs.5 lakh.

NRO Fixed Deposit

  • Qualification: Non-Resident Indian (NRI) and Person of Indian Origin (PIO)
  • FD can be opened jointly with non-resident or resident Indian citizen
  • Simple interest rate will be paid on deposits of less than 6 months.
  • Interest will be paid quarterly (in three months) on FDs of 6 months or more
  • The principal amount cannot be converted completely, but the interest earned on the deposit can be transferred into foreign currency
  • Auto-renewal and nomination facility available
  • The account needs to be maintained for at least 7 days to get interest on the deposit

NRE Fixed Deposit

  • FD can be opened jointly with more than one NRI.
  • Duration : 1 year to 10 years
  • Principal amount and interest can be converted into foreign currency
  • NRE Fixed Deposit can be converted into foreign currency without any hassles
  • The FD has to be maintained for at least 12 months to earn interest
  • Nomination facility is available

FCNR Deposit

  • Depositors can make deposits in any of the currencies USD, GBP, AUD, CAD, SGD, HKD.
  • Duration : 1 year to 5 years
  • No minimum deposit amount required to be maintained
  • With Internet Banking facility, depositors can access their accounts 24 hours a day, along with secure and quick transactions
  • Mobile banking facility available
  • No interest will be paid on the FD if it is broken one year before the date of deposit or its renewal

Pre-mature withdrawal of fixed deposits

  • Interest will be given at 1% less than the applicable interest rates on breaking the FD. Out of the two conditions mentioned below, whichever is less the interest will be paid:
    • Interest for the principal / contracted period of the deposit amount
    • The interest rate applicable on the time for which the FD was with the bank
  • 1% pre-closure charges will be levied on FDs booked or renewed on or after April 15, 2019.

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Conclusion –

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Important Links-

DBS BANK Official WebsiteClick Here
CSC Registration 2022Click Here
HOME PAGEClick Here

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