DBS Bank Fixed Deposit Rates

DBS Bank (The Development Bank of Singapore Limited) is a well-established financial service group and works as a (WOS) Wholly Owned Subsidiary of DBS Bank Ltd., Singapore. With Fixed Deposit rates ranging from 2.50% to 5.50% per annum, it is one of the best rates offered in the FD market.

Features of DBS Bank Fixed Deposit

Some of the main highlights of Fixed Deposits offered by the DBS Bank are as follows:

• It offers liquidity

• It offers various investment options depending on the duration of the investment

• It offers overdraft facilities

• FDs can be purchased online through net banking or mobile banking as well

• The interest rate ranges from 2.50% to 5.50% currently

• The deposit period ranges from 7 days to 5 years or more

• Rs. 10, 000 is the minimum amount for DBS Fixed Deposit

• Interest is paid on a monthly and quarterly basis

Eligibility for DBS Bank Fixed Deposit

The following people are eligible to invest in the FD of DBS Bank:

• Any individual

• HUF (Hindu Undivided Family)

• Minor

• Partnership Firm

• LLP (Limited Liability Partnership)

• NRIs (Non-Resident Indians)

• Trusts

DBS Bank Fixed Deposit Rates for Deposits Less Than 2 Crores

1. For Regular Citizens and Senior Citizens

   The following are the DBS Bank FD rates as of the current financial year 2021-2022 for regular and senior citizen accounts:

   Tenure	DBS Bank FD Rates (p.a.)
   	Regular Citizens	Senior Citizens
   For 7 days	2.50%	2.50%
   From 8th day till 14th days	2.50%	2.50%
   From 15th day till 29th day	2.50%	2.50%
   From 30th day till 45th day	2.50%	2.50%
   From 46th day till 60th day	2.50%	2.50%
   From 61st  day till 90th day	2.75%	2.75%
   From 91st day till 180th day	2.75%	2.75%
   From 181st day till 269th day	3.00%	3.00%
   From 270th day till less than 1 year	3.50%	3.50%
   From 1 year till 375th day	4.25%	4.25%
   From 376th day till 2 years or less	4.50%	4.50%
   From 2 years but lesser from 2 years 6 months	4.75%	4.55%
   2 years and 6 months	4.75%	4.55%
   From 2 years 6 months 1 day but lesser than 3 years	4.75%	4.55%
   More than 3 years but less than 4 years	5.50%	5.50%
   More than 4 years but less than 5 years	5.50%	5.50%
   From 5 years & above	5.50%	5.50%

   *The FD Rates are subject to change, without any prior notice. Standard T&C Apply

2. For NRO (Non-Residential Ordinary) Accounts

   The following are the DBS Bank FD rates as of the current financial year 2021-2022 for NROs:

   Tenure	Rate of Interest
   For 7 days	2.50%
   From 8th day till 14th days	2.50%
   From 15th day till 29th day	2.50%
   From 30th day till 45th day	2.50%
   From 46th day till 60th day	2.50%
   From 61st  day till 90th day	2.75%
   From 91st day till 180th day	2.75%
   From 181st day till 269th day	3.00%
   From 270th day till less than 1 year	3.50%
   From 1 year till 375th day	4.25%
   From 376th day till 2 years or less	4.50%
   From 2 years but lesser from 2 years 6 months	4.75%
   2 years and 6 months	4.75%
   From 2 years 6 months 1 day but lesser than 3 years	4.75%
   More than 3 years but less than 4 years	5.50%
   More than 4 years but less than 5 years	5.50%
   From 5 years & above	5.50%

   *The FD Rates are subject to change, without any prior notice. Standard T&C Apply

3. For NRE (Non-Residential External) Accounts

   The following are the DBS Bank FD rates as of the current financial year 2021-2022 for NREs:

   Tenure	Rate of Interest
   From 1 year till 375th day	3.15%
   From 376th day till 2 years or less	3.15%
   From 2 years but lesser from 2 years 6 months	3.35%
   2 years and 6 months	3.35%
   From 2 years 6 months 1 day but lesser than 3 years	3.35%
   More than 3 years but less than 4 years	4.35%
   More than 4 years but less than 5 years	4.35%
   From 5 years & above	4.35%

   *The FD Rates are subject to change, without any prior notice. Standard T&C Apply

4. For FCNR (Foreign Currency Non-Resident) Accounts

   The following are the DBS Bank FD rates as of the current financial year 2021-2022 for FCNRs:

   Tenure	Interest Rates (in USD)
   More than 1 year but less than 2 Years	0.48%
   More than 2 Years but less than 3 Years	0.55%
   From 36 months to less than 37 months	0.75%
   From 37 months to less than 38 months	0.75%
   From 38 months to less than 48 months	0.75%
   From 4 Years till 5 Years	0.99%
   5 Years and above	1.22%

   *The FD Rates are subject to change, without any prior notice. Standard T&C Apply