DBS Bank Fixed Deposit Interest Rates 2025
Fixed Deposits are one of the products offered by DBS Bank. FDs help investors gain flexibility, maximize their savings, and get good returns without risks. DBS is one of the well-known financial services group with its headquarters in Singapore.
Fixed Deposits (FDS) are one among their product offerings, among other banking services and products. DBS Bank offers the best FD rates that range from 2.00% p.a. to 7.50% p.a. for the general public. For senior citizens, it offers a higher interest rate for certain tenures.
DBS Bank Fixed Deposit Rates 2025
Highlights of the FDs offered by DBS Bank include liquidity, different options when it comes to the duration of investment, and overdraft facility. To apply for DBS Bank fixed deposits, you can call the hotline number, visit the closest branch or even book it online through net or mobile banking.
The interest rate offered ranges from 2.00% p.a. to 7.50% p.a.
DBS Bank FD Rates for less than Rs.2 crore
The interest rates for DBS Bank fixed deposits of deposits less than Rs.2 crore are given below:
Tenor | Interest Rates for General Public | Interest Rates for Senior Citizen |
7 days | 2.00% | 2.50% |
8 days & up to 14 days | 2.75% | 2.75% |
15 days & up to 29 days | 4.00% | 4.00% |
30 days & up to 45 days | 4.50% | 4.50% |
46 days & up to 60 days | 4.50% | 4.50% |
61 days | 5.00% | 5.00% |
62 days & up to 90 days | 5.00% | 5.00% |
91 to 180 days | 5.00% | 5.00% |
181 to 269 days | 6.00% | 6.50% |
270 to less than 1 year | 6.00% | 6.50% |
1 year to 375 days | 7.00% | 7.50% |
376 days to 540 days | 7.50% | 8.00% |
541 days to 599 days | 7.25% | 7.75% |
600 days | 7.25% | 7.75% |
601 days to less than 2 years | 7.25% | 7.75% |
2 years to less than 2 years 6 months | 7.00% | 7.50% |
2 years & 6 months | 7.00% | 7.50% |
2 years 6 months 1 day to less than 3 years | 7.00% | 7.50% |
3 years and less than 4 years | 6.50% | 7.00% |
4 years to less than 5 years | 6.50% | 7.00% |
5 years and above | 6.50% | 7.00% |
Note: The interest rates have been update on 26 March 2025.
DBS Bank Short-Term Fixed Deposit Interest Rates
- DBS Bank offers customers many short-term tenures to choose from with a maximum tenure of 12 months.
- The rate of interest paid starts at 2.00% p.a. and goes up to 6.00% p.a. for the general public.
- Those choosing short-term deposits get paid the highest interest rate of 6.00% p.a. for investing for a period ranging from 181 days to 365 days.
- For 61 days to up to 180 days, the interest rate is 5.00% p.a. and for 8 days to up to 60 days, the interest rate is 4.50% p.a.
DBS Bank Medium-Term Fixed Deposit Interest Rates
- The tenure for medium-term deposits ranges from 1 year to 5 years and the interest rate paid is between 6.50% p.a. to 7.50% p.a. for the general public.
- The highest interest rate paid by the bank for medium-term fixed deposits is 7.50% p.a.
DBS Bank Long-Term Fixed Deposit Interest Rates
- The time frame for this type of term deposit is above 5 years and the rate of interest paid is 6.50% p.a. for the general public.
- For senior citizens, the rate of interest offered for the same time period is 7.00% p.a.
- You can invest in this slot for long-term financial goals.
Features
Amount | Loan/ OD | Tenure | Payout options |
Minimum investment of Rs.10,000 | OD or loan can be taken for up to 80% of the FD amount | From 7 days to more than 5 years | Monthly, Quarterly or Re-investment |
DBS Bank NRE FD Rates
The FD rates for NRE fixed deposits are as given below:
Tenure | Interest Rate p.a. |
1 year to 375 days | 7.00% |
376 days to 540 days | 6.50% |
541 days to less than 2 years | 6.25% |
2 years & less than 2 years 6 months | 5.75% |
2 years & 6 months | 5.25% |
2 years 6 months 1 day & less than 3 years | 5.25% |
3 years and less than 4 years | 5.00% |
4 years to less than 5 years | 5.00% |
5 years and above | 5.00% |
Note: The interest rates are effective from 15th February 2024.
FAQs on DBS Bank FD Rates
- What is the minimum interest rate offered on fixed deposit offered by DBS Bank?
The minimum interest rate offered on fixed deposit offered by DBS Bank is 2.00%.
- What is the minimum amount required to open an account under DBS Bank fixed deposit scheme?
The minimum amount required to open an account under DBS Bank fixed deposit scheme is Rs.10,000.
- What is the minimum tenure of opening an account under DBS Bank fixed deposit scheme?
The minimum tenure of opening an account under DBS Bank fixed deposit scheme is 7 days.
- Can senior citizens avail themselves of preferential rates for NRO and NRE term deposits?
No, the preferential rate offered to senior citizens is applicable only for domestic term deposits. Senior citizens do not receive preferential rate benefits for NRO and NRE term deposits. Additionally, the preferential rate is applicable for tenure of 181 days and above. However, it's important to note that the preferential rate will only apply to FD bookings made by individuals. Non-individual FD bookings, such as those made by HUF (Hindu Undivided Families), do not qualify for the preferential rate.
- Can I terminate the fixed deposit before maturity?
Yes, you have the option to terminate a fixed deposit before its maturity date. This can be done through the 'DigiBank App' by navigating to the 'Term Deposits' section under 'Manage.' However, it's important to note that premature closure of the FD may incur a penalty. The remaining balance of the deposit will be promptly transferred to your linked savings account, typically within one working day.
- Can I avail myself of a loan against my DBS Bank Fixed Deposit?
Yes, DBS Bank provides loans against their Fixed Deposits. Investors can receive up to 80% of the deposit amount as a loan against their DBS Bank Fixed Deposit. However, the rate of interest on the loan depends on DBS Bank's terms and conditions.
- Does the DBS FD offer a nomination facility?
Yes, DBS Bank provides a nomination facility for Fixed Deposits. This allows customers to nominate someone who will receive the deposit amount if they die. Each FD account allows for nominating only one candidate.
- Are the interest earnings from DBS Bank Fixed Deposits taxable?
Yes, the interest income from DBS Bank Fixed Deposits is taxable according to the slab rates of income tax. Additionally, if the annual income from DBS Bank FD exceeds Rs.40,000, a TDS (Tax Deducted at Source) of 10% is applicable. For senior citizens, this limit is Rs.50,000 per annum. Moreover, if an investor fails to provide PAN Card details to the bank, the TDS rate will be 20%.
- How is interest on DBS Fixed Deposit calculated?
The interest on fixed deposits is calculated based on factors such as the initial deposit amount, FD duration, interest rate, and frequency of interest computation. These factors collectively determine the total interest earned over the deposit period. Although the calculation process may seem complex, understanding the interest rate associated with your FD is crucial for estimating your earnings accurately.
- What are the benefits of a DBS fixed deposit?
DBS fixed deposit schemes offer several advantages to customers. These include an overdraft facility of up to 80% of the deposited amount for resident customers, a minimum deposit requirement of Rs.10,000, preferred interest rates for large deposits exceeding Rs.2 crores, flexible deposit durations ranging from 7 days to 5 years or more, and various interest payment options including monthly, quarterly, and reinvestment.
- What documentation is required for the DBS bank FD?
To open a DBS Bank FD, customers need to provide certain documentation including a PAN Card, 2 Photographs, Age Proof, Passport-sized Photographs, and Bank Account details. These documents are essential for completing the account opening process.
- What does ‘Reinvest on Maturity’ mean?
By opting for 'Reinvest on Maturity,' you instruct the bank to automatically initiate a new deposit upon the maturity of your existing one. This means that the entire amount, including your initial investment and the interest earned, will be reinvested into a new FD. It offers the convenience of seamless reinvestment without the need for manual intervention.
- Who qualifies for the DBS bank FD scheme?
The DBS Bank FD scheme is open to individuals, minors under guardianship, Hindu Undivided Families, and entities. This wide eligibility ensures that a diverse range of customers can benefit from the FD offerings.
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