DBS Bank FD Interest Rate: DBS Bank Increases Fixed Deposit Interest Rate: Check Latest Rates

DBS Bank India has increased interest rates on Fixed Deposits (FD) for amounts below Rs 2 crore. This bank has increased the fixed deposit interest rate up to 50 units per second. According to a DBS Bank press release, the new interest rates will be effective from July 28, 2022.

DBS Fixed Deposit Interest Rate

DBS Bank offers FD tenure starting from 7 days and up to 10 years.

The bank now offers an interest rate of 5.75% for one to 375 days of FD tenure, with an increment of 10 basis points.

The bank is now offering 6% interest rate for 376 days to less than 2 years FD, an increase of 25 basis points. The bank is now offering 6.50 percent interest for two to three years, up 50 basis points. The bank will continue to offer interest rates of 6.25 percent for FDs with terms ranging from three to ten years.

According to the DBS website, “Simple interest rate is paid on fixed deposits under 6 months. For fixed deposits of 6 months and above, quarterly interest is compounded.

Senior citizens receive an additional 50 base points for tenors older than 6 months. The bank had earlier revised on July 15, 2022 on various grounds.

NRE revised fixed deposit rate

DBS-NRE-FD

.

(Visited 15 times, 1 visits today)

Related posts

Leave a Comment