Is there a minimum amount or tenure for a term deposit?

The minimum amount for a fixed deposit is Rs. 5,000 while it’s Rs. 100 for a recurring deposit. The tenure can range from a few days to five years. You can choose to invest the RD amount on a daily, weekly, monthly or quarterly basis.

Are my deposits insured?

Yes. Your deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), for up to ₹ 5,00,000 (5 lakh rupees).

Fixed Deposit - Open FD Online at High Interest Rate

Fixed Deposit

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Get Higher Returns at 7.05%* p.a. interest on Fixed Deposit (FD) with DBS Bank

A Fixed Deposit helps you grow your savings by making your money work for you. With high-interest-generating FDs from DBS Bank, you can start your investment journey with amounts as low as INR 5,000. DBS Bank offers flexible tenures ranging from a few months to several years, along with competitive interest rates of up to 6.55%* and 7.05%* for Sr. citizens.

With DBS Bank, you can easily fund your Fixed Deposit investments via your Savings Account. You can fall back on these investments during medical emergencies, economic uncertainties, funding marriage expenses, higher education, etc. Certain tax-saving FDs also provide benefits under Section 80C of the Income Tax Act, and are a great option for those looking to benefit from interest earned, while reducing their taxable income.

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Unlock the Full Potential of Fixed Deposit: Explore its Key Features!

Your DBS Bank Fixed Deposit comes fully loaded with features and benefits

Instant & Paperless Account Opening

Open a Fixed Deposit instantly with Internet Banking and Mobile Banking from DBS Bank with no need for physical documents.

Flexible Tenure

Choose a tenure that meets your investment objectives and goals as per your comfort.

Your Umbrella For a Rainy Day

With Fixed Deposits, you can set up a contingency fund to finance many uncertainties. Pay for emergency medical expenses, finance everyday expenses during a job loss or pay debts. Getting a loan against Fixed Deposits is also easy. It preserves your assets, and provides you the funds you need in volatile markets as well.

Goal-based Savings

Whether you want to buy your dream car or go on a vacation, you can save towards your goal with our goal-specific FDs. You can also name your FD after your goals.

Your Fixed Deposit just got so much better. Here is what you get when you open a DBS Bank Fixed Deposit

Higher Interest Rates

With a Fixed Deposit, you can enjoy high returns. Avail of interest rates as high as 6.55%*. Interest rates are subject to change, and the prevailing rate shall be applicable. Senior citizens can benefit from an additional 0.5% interest.

Option to Invest Periodically

Meet all your purchase goals without breaking your budget by investing at uniform intervals. You can enjoy all the perks of the DBS Bank Fixed Deposits without the lump-sum payment.

Minimal Investment Amount

Start investing with amounts as low as INR 5,000.

Risk-Free Investment

Fixed Deposit investments are stress-free and safe avenues. Market conditions, economic or political changes, etc., do not affect your FD returns. Hence, FD returns are assured.

Customisable Term Deposits

You can customise your term deposit according to your investment objectives. You can choose the deposit type, your own amount and tenure. With DBS Bank, you can also select the preferred maturity instructions.

Option To Earn Regular Income

With our FDs you can earn interest at monthly or quarterly intervals, allowing you to generate income. With cumulative deposits, we pay interest at the time of maturity.

Easy To Manage

You can manage your FD account from anywhere, using your Internet and Mobile Banking facilities. You can add or change nominees, provide maturity instructions, etc.

Your Contingency Fund

No matter what plot life springs up, you’re empowered to overcome it calmer, smarter and are better prepared.

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DBS Bank Fixed Deposit Interest rates

You can avail of the following Fixed Deposit interest rates with DBS Bank:

Rates w.e.f. 04^th July, 2025

Tenor	Regular	Senior Citizen
7 days	2.75%	2.75%
8 days	3.25%	3.25%
9 days & up to 14 days	2.75%	2.75%
15 days & up to 29 days	3.75%	3.75%
30 days & up to 45 days	3.50%	3.50%
46 days & up to 60 days	4.00%	4.00%
61 days	4.75%	4.75%
62 days & up to 90 days	4.00%	4.00%
91 to 180 days	4.25%	4.25%
181 days	5.50%	6.00%
182 to 189 days	5.80%	6.30%
190 to 269 days	5.80%	6.30%
270 to less than 1 year	6.00%	6.50%
1 year to 375 days	6.30%	6.80%
376 days to 540 days	6.55%	7.05%
541 days to 599 days	6.55%	7.05%
600 days	6.55%	7.05%
601 days to less than 2 years	6.50%	7.00%
2 years to less than 2 years & 6 months	6.40%	6.90%
2 years & 6 months	6.40%	6.90%
2 years 6 months 1 day & less than 3 years	6.40%	6.90%
3 years and less than 4 years	6.40%	6.90%
4 years to less than 5 years	6.40%	6.90%
5 years and above	6.25%	6.75%

*Rates are subject to change at DBS Bank’s discretion. Please click here for the latest information. Senior Citizen interest rates are only applicable to Resident Indians.

To know what kind of returns you can look forward to, click here and explore our FD calculator.

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Documents Required to Open FD Online

The account opening processes for DBS Bank is paperless and requires no signature. Similarly, to open an online Fixed Deposit, you only need a DBS Bank Savings Account and sufficient balance to fund the FD investment. At the time of opening your account, keep your Aadhaar card and Permanent Account Number (PAN) handy.

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Why fixed deposit as contingency fund with DBS Bank is a must have?

Opening a Fixed Deposit Account is a walk in the park, and can be done while walking in the park

With DBS Bank, you can open an online Fixed Deposit via Internet or Mobile Banking. Here is a stepwise guide to help you earn high returns:

Open the digibank app and select ‘Deposits’ from the home screen.

Select ‘Fixed Deposit’ and enter the Fixed Deposit amount.

You can select from the readily available tenure plan options or select ‘Show All Plans’ to enter your preferred tenure.

Go to the next step to provide Maturity Instructions, Nominee details and Deposit name.

Select ‘Next’ and agree to the terms and conditions for the term deposit.

Your FD Account is now active. You will receive confirmation advice by the next business day, which is available to view or download. On your Dashboard, go to ‘Menu’ and select ‘Certificates’. You can follow the same steps to open an online FD via Internet Banking.

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DBS Bank quickies - How to start a fixed deposit contingency fund instantly with DBS Bank?

Think That's All? There's more where that came from!

Whether it’s smarter savings, better investments, easy personal loans, international fund transfers - your digibank is designed to help you live better. It’s so easy, it feels like magic!

Personal Loan

Fast-track your life with instant paperless DBS Bank personal loans of up to Rs. 15 Lakhs.

Investment

You don’t need to be a finance guru to make smart investment choices. You’ve got digibank to help you become your own expert.

Recurring Deposit

Make goal-oriented savings effortlessly at a higher interest rate!

Remittance

Keep love and life undelayed with instant international transfers at no extra cost.

Insurance

Through thick and thin, we’ve got you covered with health insurance plans for the family, automobile insurance and travel insurance.

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Frequently Asked Questions

What is a Fixed Deposit?

A Fixed Deposit(FD) is an investment instrument that allows you to invest a lump-sum amount for a chosen tenure to earn interest at a fixed rate. Typically, you get a higher interest rate on a Fixed Deposit than on a regular savings account.

What are the tax implications of a Fixed Deposit?

According to Section 194A of the Income Tax Act, 1961, wherever there is an income, the income providing entity must deduct tax, known as Tax Deducted At Source (TDS). In case of Fixed Deposits, you earn interest, and thus the bank must deduct TDS. The bank deducts TDS when the interest income exceeds INR 40,000 or INR 50,000 in the case of senior citizens. The rate at which TDS is levied is 10% if you have provided your PAN details. In the absence of PAN, banks will charge TDS at 20%.

If I reinvest my term deposit at the end of the tenure, will the interest rate stay the same?

No. The current interest rate at the time of the creation of the new deposit will apply.

Can I withdraw money from my fixed deposit before the maturity date?

Yes, you can terminate a deposit at any time, but there are penalties for the early closure. Use the "Manage" tab in the "Term Deposits" section of the DBS Bank app to know more.

What happens when my Fixed Deposit matures?

When your deposit matures, you have the option of reinvesting the balance in a new deposit, transferring the money into your DBS Bank Savings Account, or only transferring the interest to your account and reinvesting the original investment in a new term deposit.

Will my deposit be automatically reinvested on maturity?

It will be automatically reinvested only if your instructions while opening the deposit mention reinvesting the amount on maturity. You can edit your settings in the "Deposits (FD/RD)" section of the DBS Bank app., select the deposit you want to view or change and then click on the "Manage" tab.

Is there a cut-off date when I can no longer change the maturity instructions for my FD?

No. You can change the maturity instructions at any time during the tenure by visiting the "Manage" tab in the "Deposits (FD/RD)" section of the DBS Bank app.

If I choose to reinvest my deposit on maturity, will I be notified when it is reinvested?

Before maturity, you will receive notifications by a combination of SMS, email and in-app messages. If you choose to reinvest upon maturity then, we will do so and notify you about it once it is done.

Is there a charge for insuring my deposits with DBS Bank?

No, we do not charge you for opening a Fixed Deposit with us. The bank covers the applicable cost.

How many deposits can I hold at the same time?

You can open as many FD Accounts as you wish. There is no limit.

What if my deposit matures on a weekend or public holiday?

In case your term deposit matures on a weekend or a public holiday, the maturity will automatically happen on the next working day. However, the deposit will continue to earn interest for the extra days.

When will interest be paid on my deposit?

The Interest on your Fixed Deposit is credited to your account on maturity or premature termination. But an early termination may result in an interest rate lower than the current rate.

Do senior citizens get any extra benefits for term deposits?

The interest rates on Fixed Deposits for senior citizens are enhanced by 0.5%.

How is the interest calculated if I withdraw my Fixed Deposit before it matures?

If you withdraw your deposit before maturity, your interest will be paid for the period of time that the deposit was held at either the prevailing rate on the original date of placement or the contracted rate, whichever is lower.

Can I get an overdraft / Deposit loan for my Fixed Deposit?

Yes, Fixed Deposits with a principal value of INR 50,000 and above are eligible for Overdraft. Similarly, FDs with a principal value of INR 25,000 and above can avail a Deposit Loan. You may please visit the nearest DBS Bank Branch for overdraft or deposit loan.

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