DBS Bank offers its customers with competitive rates on its short term fixed deposit account with assured returns. The short term fixed deposit account allow the investor to maintain a high level of liquidity.
Fixed deposit accounts of 30 days are levied with interest rate of 6% p.a. The interest rates are same for tenures of 60 days.
Whereas, 90 days and 120 days tenures receive uniform interest at the rate of 6.5% p.a. These rates are applied towards fixed deposit accounts with amount lesser than Rs.1 crore.
Based on the rate trajectory it is obvious that the most advantageous tenure in the short term bracket is 90 days with interest rate at 6.5% p.a.
This category of DBS Bank’s fixed deposit accounts allows the investor to earn returns at a high rate of interest while still giving him the freedom of having cash every three months.
The updated list of DBS FD Rates, for Regular and Senior Citizen, is listed below:
|Tenure||Regular FD Rate||Senior Citizen FD Rate|
|Upto Amount||Rs. 1 Crore||Rs. 1 Crore|
|8 days & up to 14 days||4.25||4.25|
|15 days & up to 29 days||4.25||4.25|
|30 days & up to 45 days||4.50||4.50|
|46 days & up to 60 days||5.00||5.00|
|61 days & up to 90 days||5.50||5.50|
|91 days & up to 180 days||5.75||5.75|
|181 days & up to 269 days||6.00||6.00|
|270 days to less than 1 year||6.10||6.10|
|1 year to 15 months||6.30||6.30|
|15 months 1 day upto less than 2 years||6.30||6.30|
|2 years & less than 3 years||6.50||6.50|
|3 years & less than 4 years||6.50||6.50|
|4 years & less than 5 years||6.60||6.60|
|5 years & above||6.70||6.70|
Medium and long term fixed deposit account tenures receive the best returns with DBS Bank. Money making rates of interest makes these fixed deposit account a secured investment option.
Tenures of 6 months are employed with an interest rate of 6.50% p.a. Interest rate of 7% p.a. is applied towards fixed deposit account with medium tenures of 9 months, 7% for 1 year and 7.2% for 1 year 6 months. For tenure 181 days to 180 days DBS offers a special rate of interest at 7% p.a.
Long term fixed deposit accounts of tenures, 2 years, 3 years and 4 years are given decent increase of .1% in the interest at the rate of 7.1%, 7.1% and 7.1% p.a. respectively.
Longer tenures of 5 years receive interest at the rate of 7.2% p.a. The 5 year tenures of fixed deposit account with DBS Bank offers the investor with the maximum possible rate of interest on investment.
It is usually advisable to invest in long term fixed deposit accounts as they receive the most lucrative rate of interest.
Senior Citizen accrue interest on their fixed deposit accounts at the same rate as everyone else.
One of the major public sector banks, headquartered in Chennai, Indian Overseas Bank (IOB) offers term deposits with attractive interest rates for different tenures. Repo rate alterations from the Reserve Bank of India have affected the way IOB is offering its products and services to customers. With the reduction in the base rate of Indian Overseas Bank, a series of changes can be seen in its fixed deposit rates.
Interest rates for deposits up to Rs 1 crore have been revised. The rates for 1 year to less than 2 years is 7.30%. Term deposits with tenures 2 years to 3 years; 3 years to less than 5 years; and 5 years & above have 7% rate of interest. This new rate is effective from April 06, 2016.
26th April 2016
Development Bank of Singapore (DBS), offers competitive rate of interest on its fixed deposits with assured returns. Fixed deposits products from DBS are highly sought-after owing to the attractive interest rates. The rate of interest at DBS has been revised according to the directive from Reserve Bank of India.
The deposit tenure of 181 days up to 269 days, for regular customers and senior citizens, has been broken down into two slabs, of 181 days up to 189 days and 190 days up to 269 days. The rate of interest for the slab 181-189 days is 7.25%. The interest rate applicable for 190-269 days for regular customers and senior citizens is 6.9%.
26th November 2015
DBS has dealt cuts to the interest rates of its products owing to the repo rate reduction and the subsequent directive by the Reserve Bank of India. Its deductions, albeit fractional, have been consistent regarding its interest rates. While savings accounts have not been affected in any major way, the traditional investment tool of fixed deposits has faced the brunt of interest downsizing.
The second month of the last quarter of 2015, November, has seen the lowest interest rate of 4% per annum for fixed deposits with DBS. This interest rate is applicable for deposit tenures of 7 days. From 8 to 14 days, the interest rate is 4.5% per annum. From 15 days to 45 days, an increase of 0.5% takes the applicable interest rate to 5% per annum. An affable increase of 1% is observed for the next tenure slab of 46 days to 60 days. From 61 days to 90 days, the interest rate is fixed at 6.5% per annum and it goes up by an additional 0.25% for periods ranging from 91 days to 180 days. From 181 days to 269 days the rate of interest goes up a 0.15% notch to 6.9% per annum. Another nominal increase of 0.1% happens for the deposit tenure of 270 days to less than 2 years. For the next four tenure slabs of 2 years to less than 3 years, 3 years to less than 4 years, 4 years to less than 5 years and 5 years and above, there are consecutive increases of 0.1% per slab, making the maximum interest rate as 7.4% per annum.
11th November 2015