dbs bank fd rates DBS Bank Fixed Deposit Interest Rate Guide

DBS Bank offers a range of fixed deposit interest rates to suit different needs and goals.

For a 1-year fixed deposit, DBS Bank offers an interest rate of up to 2.50% per annum, while a 2-year fixed deposit can earn up to 2.80% per annum.

DBS Bank's fixed deposit interest rates are highly competitive, making it an attractive option for those looking to save and grow their money.

DBS Bank's fixed deposit products are designed to provide a stable and secure return on investment, with interest rates that are guaranteed for the specified term.

DBS Bank offers various types of deposits that cater to different needs and preferences. Let's take a look at the options available.

One type of deposit is the NRE fixed deposit, which allows for complete and unrestricted repatriation of both the principal amount and the interest earned to your country of residence. This makes it an attractive option for non-resident Indians.

The NRE fixed deposit can be held jointly with multiple non-resident Indians, providing flexibility in account management. It can also be opened for flexible tenures ranging from one year to 10 years.

DBS Bank FDs also offer competitive interest rates, with rates ranging from 2.50% to 5.50% per annum, depending on the deposit tenure. Here's a breakdown of the interest rates offered by DBS Bank FDs:

Note that resident senior citizens can enjoy a preferential rate of 50bps for deposits of less than Rs. 2 crores.

DBS Bank FD rates offer a range of interest rates depending on the deposit tenure. The interest rate is 2.50% per annum for a deposit of 7 days to 60 days.

For longer-term deposits, the interest rates increase significantly. For example, the rate is 5.50% for deposits of 3 years to 5 years and above.

Here's a breakdown of the interest rates offered by DBS Bank for different deposit tenures:

Resident senior citizens who have deposited less than Rs. 2 crores can enjoy a preferential rate of 50bps.

FCNR interest rates can change over time, so it's essential to check with your bank or relationship manager for the most up-to-date information.

FCNR deposits offer higher interest rates compared to regular savings accounts, making them a popular choice for non-resident Indians.

The interest rates for FCNR deposits vary depending on the currency and tenure of the deposit. For example, the interest rate for a USD deposit with a tenure of 1Y to <2Y is 5.00%.

Here's a breakdown of the interest rates for different tenors and currencies:

Keep in mind that these rates are subject to change, and it's always best to verify the information with your bank or relationship manager.

DBS Bank offers competitive interest rates for NRO fixed deposits, with rates ranging from 2.50% to 7.50% per annum.

The interest rates are subject to change without prior notice, so it's essential to check the bank's website or consult with a Relationship Manager for the most up-to-date information.

DBS Treasures NRO fixed deposit accounts allow for higher interest earnings on income earned in India while you are overseas.

The interest rates are applicable with effect from 23 February 2023, so if you're considering opening an NRO fixed deposit, keep this date in mind.

Here's a breakdown of the interest rates offered by DBS Bank for NRO fixed deposits:

You can earn competitive interest rates on your foreign currency earnings with DBS Treasures NRE fixed deposit accounts. The interest earned on NRE deposits is tax-free in India.

DBS Bank allows you to withdraw your NRE fixed deposit before maturity, but you'll need to pay a 1% penalty. This penalty applies to all Term Deposits booked or renewed on or after April 15, 2019.

Here's a breakdown of the interest rates offered by DBS Bank for different deposit tenures:

You can withdraw your Resident/NRO Term deposits and NRE/FCNR deposits before maturity, but you'll need to make a written request to the bank.

The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE/FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE/FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

Here's a breakdown of the interest rates for different tenure periods of DBS Bank FDs:

DBS NRE fixed deposits offer competitive interest rates, and the principal amount and interest earned are exempt from taxation.

DBS NRE fixed deposits offer competitive interest rates on foreign currency earnings. The principal amount and interest earned on NRE fixed deposits in India are exempt from taxation.

You can hold an NRE FD jointly with multiple non-resident Indians. The tenure for NRE FDs can range from one year to 10 years, providing flexibility to suit your needs.

Here are some key features of DBS NRE fixed deposits: