MyLoanCare is a FREE of cost service for borrowers

MyLoanCare - Baat Aapke Interest Ki

MyLoanCare Customer Ratings - 4.5/5.0

Menu

DBS Bank Fixed Deposit

DBS Bank FD Scheme

Last Updated 07th Jan 2021

DBS Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 2.50% to 5.50%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    DBS Bank FD

    DBS Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, DBS Bank FD offers regular returns on fixed deposit ranging between 2.50% to 5.50%. For senior citizens, the interest rates on fixed deposits range between 2.50% to 5.50%. In addition to that, DBS Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of DBS Bank Fixed Deposit Schemes

    Different type of DBS Bank term deposit products offered to the investors are listed as follows:

    Regular Fixed Deposits

    Description:

    • Under this scheme, the depositor is allowed to make investment into the deposit to earn attractive and higher returns along with a flexibility and security.
    • Easy investment with attractive returns
    • Nomination facility is available
    • Avail overdraft facility upto 90 per cent against your deposit
    • Interest on deposit is paid only at the time of the maturity

    Eligibility:

    • Resident Indians, private or public limited company, hindu undivided family, trust, partnership firm

    Benefits of DBS Bank FD

    DBS Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about DBS Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, DBS Bank offers FD rates up to 5.50%. The interest rates offered on DBS Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, DBS Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because DBS Bank fixed deposit allows one to borrow a secured loan against DBS Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about DBS Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: DBS Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. DBS Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . DBS Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, DBS Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the DBS Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with DBS Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from DBS Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of DBS Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for DBS Bank FD

    DBS Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for DBS Bank FD

    DBS Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    DBS Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under DBS Bank?

    DBS Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in DBS Bank?

    The minimum amount required for a fixed deposit investment in DBS Bank fixed deposit is .

    What is the current interest rate on FD in DBS Bank?

    Currently, DBS Bank offers an interest rate ranging between 2.50% to 5.50% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in DBS Bank?

    DBS Bank fixed deposit can be opened with a minimum tenure of .


    DBS News - Jan 2021
    • 2019-10-15 : Revised FD rates for DBS Bank
      DBS Bank revised its interest rates on fixed deposits for the month of October. The revised rate for a period of 7 days is 4%, for 8-29 days the rate is 4.25%, the rate for 30-45 days is 4.5% for 46-60 days it is 5%, the rate for 61 days to 90 days is 5.5%, for 91-180 days the rate is 5.75%, for 181-269 days the revised rate is 6.25% and for 270 days to 1 year the rate is 6.5%. For longer tenure of 1 year to 15 months, the rate is 6.75%, and for 15 months one day to less than three years, the rate is 6.25%, and for three years and above, the rate is 6.5%.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
    Loader
    Please wait while your information is being processed...