Latest Fixed Deposit Interest Rate of DBS Bank

  • Updated on: 12 Mar 2024
  • Published on: 29 Aug 2023
Latest Fixed Deposit Interest Rate of DBS Bank

DBS Bank offers a high-interest rate of 8.00% on their FDs alongside convenience and safety. DBS is a celebrated bank which has received accolades as:

  • The ‘World’s Best Bank’
  • The ‘Safest Bank in Asia’

You can choose the tenure that best suits you from the multiple options offered. DBS Bank also offers an additional 0.50% interest rate to senior citizens. 

DBS Bank FD Interest Rates for Deposits Below ₹2 Crores

The table below outlines the DBS FD rates based on your tenure and your profile:

Fixed Deposit TenureDBS FD Rates for Regular CitizensDBS FD Rates for Senior Citizens
7 days2.50%2.50%
8 days & up to 14 days2.75%2.75%
15 days & up to 29 days4.00%4.00%
30 days & up to 45 days4.50%4.50%
46 days & up to 60 days4.50%4.50%
61 days5.00%5.00%
62 days & up to 90 days5.00%5.00%
91 to 180 days5.00%5.00%
181 to 269 days6.00%6.50%
270 to less than 1 year6.00%6.50%
1 year to 375 days7.00%7.50%
376 days to 540 days7.50%8.00%
541 days to 599 days7.25%7.75%
600 days7.25%7.75%
601 days to less than 2 years7.25%7.75%
2 years to less than 2 years & 6 months7.00%7.50%
2 years & 6 months7.00%7.50%
2 years 6 months 1 day & less than 3 years7.00%7.50%
3 years and less than 4 years6.50%7.00%
4 years to less than 5 years6.50%7.00%
5 years and above6.50%7.00%

The FD rates displayed in this table are only applicable to individual Indian citizens. If you plan to invest more than ₹2 crores, you can get preferential rates, so contact DBS to know more. 

Also Read: Best banks for saving accounts in India

Benefits of Starting an FD at DBS Bank

Here are some advantages you can enjoy when you book a DBS Bank FD:

  • Invest Without Delay: You can open an FD with DBS Bank with just ₹10,000 and get started on your investment journey without wasting a minute! With the Digibank mobile app, you can start with just ₹5,000.
  • Choose Convenient Tenures: You can not only enjoy high DBS Bank FD interest rates but also enjoy flexibility when it comes to choosing when your investment matures. Pick a tenure from 7 days to 5 years or more so you can receive your interest payout when you need it.
  • Open Cumulative or Non-Cumulative FDs: Decide when you want to receive the interest earnings every month or every quarter or get them at maturity to earn more.
  • Experience Simplicity with the Mobile App: Digibank is a mobile banking application powered by DBS, wherein you can open a fixed deposit digitally. You can also track your earnings, add a nominee and manage your FD seamlessly using the app. 
  • Enjoy Safety at Every Step: When you open your FD with DBS Bank, you can also protect your invested corpus with the insurance provided by DICGC up to ₹5 lakhs. 

With all these benefits, opening an FD with DBS Bank is one of the ways you can strengthen your financial health for the future. However, in case you need instant funds now for life’s many upgrades, you can rely on Fibe. 

Get a Personal Loan in just 2 minutes at affordable rates online to access up to ₹5 lakhs. Download our Personal Loan App or register on our website to get started. 

FAQs on DBS Bank FD Rates 

What is the interest rate on FDs in DBS Bank?

DBS Bank offers varying FD interest rates depending on: 

  • Deposit amount
  • Tenure
  • Age of the investor

Here are the DBS Bank FD rates for deposits under ₹2 crores:

  • Regular citizens: 2.50% to 7.50% per annum
  • Senior citizens: 2.50% to 8.00% per annum

What is the DBS Fixed Deposit interest rate in 2024?

Check out the DBS Bank FD rates in 2024:

  • Regular citizens: 2.50% to 7.50% per annum
  • Senior citizens: 2.50% to 8.00% per annum

Does DBS have fixed deposit options?

Yes, DBS Bank provides various FD options that help:

  • Build your wealth safely
  • Avoid market fluctuations

How is the DBS Fixed Deposit interest calculated?

The DBS Bank FD interest depends upon the following:

  • Deposit amount
  • Interest rate
  • Investment tenure
  • Payout option

To make your calculation easy, you can use the DBS Bank FD calculator. 

How do I withdraw a fixed deposit from DBS?

You can prematurely withdraw your DBS Bank FD using the following:

  • The Digibank mobile app
  • Net banking
  • DBS Bank branch

In such cases, you will earn interest at a reduced rate with a 1% penalty based on the bank’s terms and conditions.


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