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DBS Bank MCLR Rates, DBS Bank Base Rate – Aug 2017

Last Updated 16th Aug 2017

DBS Bank MCLR Rate – Current Rate, Past Trend

Current MCLR of DBS Bank ranges from 7.80% to 8.20% depending on the reset frequency of the loan. Rates are revised every month.

DBS Bank MCLR, Base Rate Tenure
7.80% Overnight
7.80% 1 Month
7.90% 3 Month
7.95% 6 Month
8.20% 1 Year
Base rate - 8.40% Past Trend
DBS Bank Interest Rates
Home Loan Interest Rates 8.70% * Floating Detail
Loan Against Property Rates 9.50% * Floating Detail
Fixed Deposit Interest Rates 4.00% to 6.70% * Detail

Past Trend MCLR Rate of DBS Bank

DBS Bank MCLR Rate History

Revised
Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year
MCLR
2 Year
MCLR
3 Year
MCLR
5 Year
MCLR
07th Aug 17
7.80%
7.80%
7.90%
7.95%
8.20%
-
-
-
07th Jul 17
8.00%
8.00%
8.10%
8.20%
8.40%
-
-
-
07th Jun 17
7.80%
7.80%
7.95%
8.00%
8.20%
-
-
-
07th May 17
7.75%
7.75%
7.90%
7.95%
8.20%
-
-
-
07th Apr 17
7.75%
7.75%
7.90%
7.95%
8.10%
-
-
-
07th Mar 17
7.75%
7.75%
7.90%
7.95%
8.10%
-
-
-
07th Feb 17
7.90%
7.90%
7.95%
8.00%
8.15%
-
-
-
07th Jan 17
8.00%
8.00%
8.30%
8.30%
8.35%
-
-
-
07th Dec 16
8.35%
8.35%
8.35%
8.35%
8.50%
-
-
-
07th Nov 16
8.50%
8.50%
8.55%
8.60%
8.65%
-
-
-
07th Oct 16
8.65%
8.65%
8.70%
8.75%
8.80%
-
-
-
07th Sep 16
8.70%
8.70%
8.75%
8.80%
8.85%
-
-
-
06th Aug 16
8.80%
8.80%
8.85%
8.90%
8.90%
-
-
-
07th Jul 16
8.85%
8.85%
8.90%
8.95%
8.95%
-
-
-
07th Jun 16
8.90%
8.90%
8.95%
9.00%
9.00%
-
-
-
07th May 16
8.90%
8.90%
8.95%
9.00%
9.05%
-
-
-
01st Apr 16
9.00%
9.00%
9.05%
9.10%
9.15%
-
-
-

DBS Bank MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, DBS Bank decides its own MCLR Rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR Rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. DBS Bank has different MCLR base rates ranging from 7.80% to 8.20% for different tenures

Changes in MCLR of DBS Bank

  • MCLR rate can be revised by DBS Bank every month
  • Note that it is not mandatory for DBS Bank to revise its rate every month and it may choose to retain the same rate for a longer period

DBS Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by DBS Bank is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from DBS Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of DBS Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.15%. This loan will initially be priced at 9.65%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 8.9%, the loan will be priced at 9.4% for the next year

Past trend of DBS Bank Base Rate vs RBI Repo Rate

Date RBI Rates Bank Rates
02nd Aug 17 0.25%
08th Jun 17 0%
06th Apr 17 0%
08th Feb 17 0%
07th Feb 17 8.40% 0.2%
07th Jan 17 8.60% 0.25%
07th Dec 16 0%
07th Oct 16 8.85% 0.05%
04th Oct 16 0.25%
07th Jul 16 8.90% 0.05%
07th Jun 16 8.95% 0.05%
09th May 16 9.00% 0.1%
05th Apr 16 0.25%
01st Feb 16 9.10% 0.1%
29th Sep 15 0.5%
07th Sep 15 9.20% 0.2%
02nd Jun 15 0.25%
04th Mar 15 0.25%
04th Mar 15 9.40% 0.6%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
10th Dec 13 10.00% 0.25%
29th Oct 13 0.25%
20th Sep 13 0.25%
02nd Sep 13 9.75% 0.25%
07th Aug 13 9.50% 0.5%
03rd Jun 13 9.00% 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
29th Jan 13 0.25%
23rd Jan 13 9.25% 0.25%
01st Oct 12 9.50% 0.25%
01st Jun 12 9.75% 0.25%
17th Apr 12 0.5%
01st Mar 12 10.00% 0.5%
21st Nov 11 9.50% 0.25%
01st Nov 11 9.25% 0.25%
25th Oct 11 0.25%
16th Sep 11 0.25%
01st Sep 11 9.00% 0.25%
26th Jul 11 0.5%
01st Jul 11 8.75% 0.25%
16th Jun 11 0.25%
03rd May 11 0.5%
02nd May 11 8.50% 0.25%
17th Mar 11 0.25%
01st Mar 11 8.25% 0.25%
25th Jan 11 0.25%
01st Jan 11 8.00% 0.75%
02nd Nov 10 0.25%
20th Oct 10 7.25% 0.25%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
01st Jul 10 7.00%

DBS Bank Base Rate Vs. RBI Repo Rate Trend

About DBS Bank

  • DBS Bank is a HFC in India with 12 branches, 31 ATM's and 953 employees across the country.
  • DBS Bank's registered office is located at 12 Marina Boulevard, Level 3 Marina Bay Financial Centre Tower 3 Singapore-018982 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 804 crs. and Standalone net profit of Rs. -105 crs. DBS Bank reported total deposits of Rs. 17,395 crs and total advances of Rs. 15,845 crs.
  • DBS Bank's management is led by its CEO Mr. Piyush Gupta.
  • Its current Base Rate is 8.40%, which was last revised on 07th Feb 17.
Dbs Bank Base Rate, PLR
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