|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 7 days||2.5%||2.5%|
|8 days - 14 days||2.75%||2.75%|
|15 days - 29 days||4%||4%|
|30 days - 1 month 29 days||2.75%||2.75%|
|2 months - 2 months||4.5%||4.5%|
|2 months 1 day - 5 months 28 days||3%||3%|
|5 months 29 days - 11 months 28 days||4.75%||5.25%|
|11 months 29 days - 1 year 9 days||6.25%||6.75%|
|1 year 10 days - 2 years 6 months||7.25%||7.75%|
|2 years 6 months 1 day - 2 years 11 months 29 days||7.5%||8%|
|3 years - 9 years 11 months 27 days||6.5%||7%|
Note: All interest rates shown above are as on 5th Sep 2023
DBS Bank India Limited (‘the Bank’), operates in India as a Wholly Owned Subsidiary (“WOS”) of DBS Bank Ltd., Singapore, a banking entity incorporated in Singapore with limited liability. The bank has a balance sheet size of Rs. 62,864 Crs as on 31st March 2020. The bank recorded a profit of Rs 111 Crs in FY20
2.5% - 7.5%
2.5% - 8%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7.5%||For 5 years with interest of 6.5%|
|₹ 50,000||₹ 62,572||₹ 69,141|
|₹ 1 lakh||₹ 1,25,145||₹ 1,38,282|
|₹ 2 lakh||₹ 2,50,289||₹ 2,76,563|
|₹ 5 lakh||₹ 6,25,723||₹ 6,91,409|
|₹ 10 lakh||₹ 12,51,446||₹ 13,82,817|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,06,432||₹ 1,08,623|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹6,432||₹ 8,623|
|Bank Name||FD Interest Rates|
|Utkarsh Small Finance Bank FD||8.3% - 8.9%|
|Bank of India FD||6.5% - 7.25%|
|Tripura Gramin Bank FD||6.6% - 7.1%|
|Paschim Banga Gramin Bank FD||5.3% - 5.8%|
|Nainital Bank FD||6.25% - 6.75%|
|Indian Overseas Bank FD||6.5% - 7%|
|Jammu & Kashmir Bank FD||6.5% - 7%|
|ESF Bank FD||8% - 8.5%|
|SCB FD||7.1% - 7.6%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
DBS Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on DBS Bank FDs is higher than their savings account. One can invest in DBS FDs through both online (digibank) and offline modes with a minimum investment of INR 5,000. This article covers DBS Bank FD, its features and interest rates in detail.
Regular Fixed Deposit
This scheme is the only FD scheme offered by DBS Bank. Following are the features of this scheme:
One can open a DBS Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open a DBS Bank FD account through internet banking:
The following steps will guide in opening an FD account through Digibank Mobile App:
To open a DBS Bank FD account offline, one has to visit the nearest DBS Bank branch. Fill the DBS Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, DBS Bank will provide an FD receipt.
To open a DBS Bank fixed deposit scheme, one would need the following documents:
Resident Indians, partnership firms, private or public limited companies, Hindu Undivided Family, and trusts are eligible to open an FD account with DBS Bank.
DBS Bank offers recurring deposits to its depositors. DBS Bank recurring deposits have a minimum tenure of 90 days and a maximum tenure of 10 years. Depositors can open an RD account either by going to the DBS Bank branch or online using internet banking. The minimum investment in DBS Bank RD is INR 500. The interest rate on DBS RDs is in the range of 2.75% to 5.5% for regular citizens and senior citizens.
Investment in DBS Bank FDs doesn’t qualify for tax saving under Section 80C of the Income Tax Act. The interest income from DBS Bank FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to a TDS of 10% if the income from DBS Bank FD exceeds INR 40,000 per annum. For senior citizens, the limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to the DBS Bank, then the TDS rate will be 20%.
What is the highest DBS Bank FD rate today?
What is the highest interest rate on DBS Bank 1 year FD scheme?
What is DBS Bank FD scheme interest rate for 5 years?
How many years FD will double in DBS Bank?
What is DBS Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in DBS Bank?
What are the available FD tenures in DBS Bank?
What is DBS Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the DBS Bank FD calculator for 10 lakh deposit for 1 year will be INR 64,322. The maturity value will be INR 10,64,322. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in DBS Bank?
How many FDs can be opened in DBS Bank?