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DBS Bank FD Calculator

DBS Bank Fixed Deposit Calculator 2020

Last Updated 07th Sep 2020

DBS Bank FDs have tenures ranging from 5 years to 10 years with maximum rate of interest of 5.20%. Interest rates for senior citizens are higher than the normal rates and ranges upto 5.20%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
8 days to 14 days 2.60% to 2.60% ₹ 1,00,057 - ₹ 1,00,100
30 days to 45 days 3.15% to 3.15% ₹ 1,00,259 - ₹ 1,00,388
46 days to 60 days 3.20% to 3.20% ₹ 1,00,403 - ₹ 1,00,526
61 days to 90 days 3.30% to 3.30% ₹ 1,00,552 - ₹ 1,00,814
DBS Bank FD Maturity Calculator
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DBS Bank Fixed Deposit Calculator

DBS Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in DBS Bank. Bank may allow higher interest rate on larger deposits. DBS Bank offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. DBS Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by DBS Bank is 5.20% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of 5 years to 10 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 2.60% for a 5 years FD and a rate of 5.20% for a 10 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 2.60%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      DBS Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

DBS Bank Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, DBS Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a DBS Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

FD Maturity Calculator

The interest earned on a fixed deposit in DBS Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on DBS Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of DBS Bank FD.

Suppose if you make an investment of ₹ 1,00,000 in DBS Bank FD for a 5-year tenure at an interest rate of 5.20% for depositors below 60 years and 5.20% for senior citizens. The maturity amount for this deposit amount is ₹ 1,29,476 and the total interest earned is ₹ 29,476 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 29,476 which is higher. The maturity schedule of DBS Bank FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 5.20% for Citizens below 60 years and at 5.20% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2020 ₹ 1,737 ₹ 1,01,737 ₹ 1,737 ₹ 1,01,737
2021 ₹ 5,394 ₹ 1,07,131 ₹ 5,394 ₹ 1,07,131
2022 ₹ 5,680 ₹ 1,12,811 ₹ 5,680 ₹ 1,12,811
2023 ₹ 5,982 ₹ 1,18,793 ₹ 5,982 ₹ 1,18,793
2024 ₹ 6,299 ₹ 1,25,092 ₹ 6,299 ₹ 1,25,092
2025 ₹ 4,384 ₹ 1,29,476 ₹ 4,384 ₹ 1,29,476

DBS Bank FD Calculator Formula

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on DBS Bank FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

FAQs

What is the highest interest earned on DBS Bank fixed deposit?

You can earn a maximum interest of 5.20% on DBS Bank fixed deposit.

How is DBS Bank FD interest calculated?

The formula to calculate interest on DBS Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

How many years FD will double in DBS Bank?

The growth of DBS Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in DBS Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.35%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.35 = 9.80. So it will take a little more than 14 years for one’s investment to get doubled in DBS Bank.

What are the minimum and maximum amounts that I can invest in an DBS Bank FD?

The minimum investment limit in DBS Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.


DBS News - Sep 2020
  • 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