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DBS Bank FD Interest Rates

2.50% - 5.50%
Interest rates
3 months - 10 years
Time Period
5000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About DBS Bank FD

DBS is a prominent Asian financial services firm with a presence in 18 locations. Furthermore, DBS has been named the “Safest Bank in Asia” by Global Finance for twelve years in a row, from 2009 to 2020. DBS offers a comprehensive variety of consumer, SME, and corporate banking services. DBS Bank provides its customers with a variety of Fixed Deposit programs. DBS online services give the freedom of liquidity with a choice of tenures ranging from 7 days to 5 years, as well as an overdraft capacity of up to 80% of the Fixed Deposit.

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Started On1968
Head QuartersSingapore
CRISIL RatingNA
CEOPiyush Gupta
Listed on exchange as
ICRA RatingNA

DBS Bank FD Rates 2022

TenureRegular customersSenior citizens
1
2

Features and Benefits of DBS Bank FD

  • The Minimum deposit of the scheme starts at ₹10,000
  • The deposits of more than 2 crores earn highly significant interest rates
  • Deposits can be made over the range of periods starting from 7 days
  • DBS Bank FD Interest Rates received can be chosen on a monthly, quarterly or yearly basis

Types of DBS Bank FD Schemes

DBS Bank Fixed Deposits

  • The minimum amount required to begin a fixed deposit is Rs. 10,000.
  • The plan provides greater rewards on deposits of Rs. 2 crores and beyond.
  • The deposit duration ranges from 7 days to 5 years and more.
  • Interest is paid on a monthly or quarterly basis (depending on the depositor's preference) for reinvestment.

DBS Bank Flexi Fixed Deposit

  • The first deposit is Rs. 10,000, and subsequent deposits are in multiples of Rs. 1,000.
  • For a time period of 394 days, the maximum deposit amount is Rs. 14, 99,999.
  • The fixed deposit can be withdrawn in multiples of Re.
  • There is a wide range of balancing thresholds accessible. Savings Plus (Rs. 50,000), Savings Power Plus (Rs. 2 lakh), and Treasures Savings are the options (Rs. 5 lakh)

Term wise DBS Bank FD Rates

Short-Term Deposits

The Period that begins from 7 days to 1 year or less than a year are known as short term fixed deposits, and their interest rates start from 2.50% to 3.50% depending on the number of days of the deposit for general customers, and the same for senior citizens.

Medium-Term Deposits

A Medium-term fixed deposit, that is, from 1 year to 5 years, withhold interest rates are 4.25% to 5.50% for general customers and the same for senior citizens according to the period of lock-in.

Long-Term Deposits

A Long-term FD goes from 5 years and more, and the interest rate is 5.50% for general customers and same for senior citizens.

DBS vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in DBS Bank FD?

A DBS Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.

1) Internet Banking

Follow the below-mentioned steps for opening a DBS Bank FD account via internet banking-

  • Sign in to the DBS Bank Digibank ibanking website.
  • Select ‘Deposits’ from the navigation menu.
  • Choose the ‘Open New Deposit’ to begin investing in DBS FD.

2) Mobile App - Digibank Mobile App

Follow the steps mentioned ahead to open an FD account via DBS Bank Digibank Mobile App-

  • Download the Digibank Mobile App.
  • Sign in to your Digibank account and click on ‘Deposits’ in the navigation menu.
  • In the 'Deposits', select ‘Fixed Deposits’
  • Follow the instructions to start investing.

3) Opening DBS Bank FD Offline

For opening a DBS Bank FD account via offline mode, one has to visit the nearest DBS Bank branch. Fill out the DBS Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the DBS bank.

Eligibility to Open an DBS Bank FD Account

Individuals or entities satisfying the following criteria can opt for a fixed deposit in DBS bank –

  • Resident Indians
  • Hindu Undivided Family
  • Partnership Firms
  • Trusts
  • Public or private limited companies

Documents Required to Open DBS Bank FD

The following documents have to be furnished for opening a DBS FD –

  • Passport size photographs
  • Address proof (Aadhar Card, Passport, and Utility bills)
  • DBS Bank FD application form
  • Government ID proof (Passport, PAN Card, Driving License, Aadhar Card, Voter ID)

FAQs

Is it possible to cancel the fixed deposit before it matures?

A deposit can be canceled at any time. To do so, the depositor must log in to the ‘DigiBank App' and pick the ‘Manage' button under the ‘Term Deposits' area. However, the depositor must pay a penalty for requesting an early closure. The remaining balance of the deposit will be remitted immediately to the connected savings account by the bank. It will take at least one working or business day. For additional information, visit the branch or contact the bank's customer service staff.

What are the advantages of a DBS Fixed Deposit?

The following are some of the advantages of using DBS fixed deposit schemes:

  • For resident clients, an overdraft facility of up to 80% of the deposited amount is available.
  • DBS Bank fixed deposit requires a minimum deposit of Rs. 10,000.
  • For deposits of Rs. 2 crores and above, a preferred rate of interest is offered.
  • The duration ranges from 7 days to 5 years or more, and FDs with tenures of 6 months or more are compounded.
  • There are several interest payment choices available, including monthly, quarterly, and re-investment.

What is the minimum amount and duration of DBS Bank's term deposits?

The minimum deposit amount for DBS Bank's Fixed Deposits is Rs. 5,000. These FDs have maturities ranging from 3 months to 5 years. For further information, please contact your relationship manager or visit your local DBS Bank office.

What documents do I need for the FD?

  • PAN Card
  • 2 Photographs
  • Age proof 
  • Passport size photographs
  • Bank A/c details

Is there a nomination option in the DBS FD?

DBS Bank also provides a nomination function for Fixed Deposits, allowing the depositor's estate to collect the sum in the event of the depositor's death. When creating a DBS Bank FD account, you may only nominate one person. At the time of claim, the candidate must provide identification.

Who is eligible for the scheme?

  • Individuals are (single or jointly)
  • Minors (under the guardianship of natural or legally appointed guardian)
  • Families Undivided in Hinduism
  • Entities
Calculate DBS Bank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
DBS Bank
@4.25% p.a
Get higher interest rates
online upto 0%
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