DBS Bank Interest Rates on FD, Oct 2016

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Last Updated 18th Oct 16

TenureInterest Rate
30 Days6.00%
45 Days 6.00%
60 Days 6.00%
90 Days 6.25%
120 Days 6.50%
6 Months 6.50%
9 Months 7.00%
12 Months 7.00%
18 Months 7.10%
2 Years 7.10%
3 Years 7.10%
4 Years 7.10%
5 Years 7.20%
7 Years 7.20%
10 Years 7.20%

DBS Bank FD Interest Rates

  • DBS Bank offers FD interest rates upto 7.20% per annum.
  • Interest on deposits with DBS Bank is typically compounded quarterly.
  • DBS Bank accepts deposits starting at Rs. 0 for various tenures.
  • For senior citizens (age more than 60 years), DBS Bank offers higher interest rate over and above rates mentioned below.

DBS Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, DBS Bank .

Loan against DBS Bank FD

  • DBS Bank offers loan upto 0% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

DBS Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with DBS Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of DBS Bank in your city - Find DBS Bank Branches here

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  • DBS Bank FD rates with other banks in India

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News - Oct 2016
18th Oct 16 Axis Bank cuts it benchmark MCLR by 5 base point rates
Axis Bank cuts it benchmark MCLR by 5 bps with effect from Tuesday. The bank has reduced down its rates across tenures, effectively reducing the overnight rates to 8.80 per cent while their three year lending rate is 9.35 percent. The bank announced the reduction after its peers such as ICICI, Kotak Mahindra, and Indian bank cut their lending rates following the RBI monetary policy review on October 4th, 2016.
18th Oct 16 Citibank gives special Diwali offers on personal loans
Citibank personal loan offers reduction in rates to 11.49 per cent for digital channels and online applications made at MyLoanCare. Bank offers 0.50 per cent discount on processing fee and an Amazon Gift Voucher of Rs. 250 for loans disbursed till 3rd November, 2016. Also, get a Flipkart Gift Voucher upto Rs. 2500 on applying through MyLoanCare.
17th Oct 16 SBI Chief: Sub 9 percent, marginal cost of lending rate (MCLR) will be doable soon
SBI chief Arundati Bhattacharya said that the deal with Essar group will get the debt transferred to another organization and also proposed to launch the joint venture with Brookfield Asset Management (Canadian Company) who had agreed to commit Rs. 7,000 Cr for distressed assets which will help the bank to reduce down the lending rates further. She emphasized that the bank had cut 95 bps out of total 150 bps cut in rates and also MCLR would reduce down shortly.
15th Oct 16 Axis, Kotak Mahindra Banks tests blockchain transactions
ICICI Bank has done successful execution of its first two transactions using blockchain technology, now other private sector banks gear up for the technology. Axis Bank and Kotak Mahindra Bank are conducting pilot transactions in trade settlements and cross border remittances, while HDFC is still assessing the opportunity.
14th Oct 16 PNB Housing Finance cuts home loan rates by 10 basis points
PNB Housing has reduced its home loan rates by 10 bps. The floating home loan rates have been reduced to 9.45 per cent from 9.55 per cent while fixed rates decreased to 9.4 from 9.5 per cent. PNBHFL has also cut its loan against property rates by 25 bps to 11 per cent from 11.25 per cent. This rate cut will be effective from 14th October, 2016.