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

Earn up to 7.05%* p.a. interest on fixed deposits with DBS Bank. Non-Senior citizens can earn up to 6.55%*.

You can start investing in FDs online with just INR 5,000 and enjoy flexible tenures of up to five years as well as higher returns. Take advantage of tax-saving FDs under Section 80C and secure funds for medical needs, education, and other goals. (*Interest rates are subject to change.)

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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.

Smart, Secure and Rewarding – DBS Bank Fixed Deposits

Following are the key DBS Bank Fixed Deposit benefits:

Earn up to 7.05% interest p.a: Enjoy competitive interest rates. The interest rates are subject to change and the current rate shall be applicable.
Flexible investment options: Start with just INR 5,000 and choose tenures ranging from a few months to five years.
Income payout choices: Opt for monthly, quarterly, or cumulative interest payouts as per your needs.
Convenient online access: Open your FD instantly through Internet or Mobile Banking and calculate returns using our FD Calculator.
Secure and reliable: Enjoy assured returns unaffected by market fluctuations, with the option to take a loan against your FD.
Goal-based savings: Create FDs for specific life goals like travel, education, or major purchases.

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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. 13^th Aug, 2025

Tenor	Regular	Senior Citizen
7 days	2.75%	2.75%
8 days	3.00%	3.00%
9 days & up to 14 days	2.75%	2.75%
15 days & up to 29 days	3.25%	3.25%
30 days & up to 45 days	3.25%	3.25%
46 days & up to 60 days	3.50%	3.50%
61 days	3.75%	3.75%
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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Fixed Deposit Calculator

DBS Bank Fixed Deposit Calculator helps you estimate your FD returns quickly and accurately. Just enter your deposit amount, tenure, and interest rate to know your maturity amount. Plan your FD investment better and make informed decisions with ease.

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

How to Open a DBS Bank Fixed Deposit

You can open an online FD through the DBS digibank app or Internet Banking. Here's how:

Open the digibank app and select Deposits from the home screen.
Tap on Fixed Deposit and enter the amount for your FD investment.
Choose from the available fixed deposit plans or select Show All Plans to enter a custom tenure.
Provide your Maturity Instructions, Nominee details, and give your FD a name.
Tap Next and agree to the terms and conditions.
Your online FD will be created, and you will receive confirmation by the next business day.

To view or download your certificate, go to Menu and select Certificates from your dashboard. You can also open a fixed deposit using DBS Bank 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!

Savings Account

DBS Bank's savings account offers attractive interest rates of up to 5.5% p.a, along with the convenience of managing your finances effortlessly through the secure DBS digibank app.

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 a safe investment option where you deposit a lump sum amount for a fixed tenure, earning FD interest rates over time. FDs are ideal for customers seeking predictable returns and safety for their investments.

What are the tax implications of a Fixed Deposit?

FD interest rates are taxable under the Income Tax Act. If your FD earns more than the prescribed limit, TDS (Tax Deducted at Source) will be applied. For customers looking to save on taxes, tax saving FDs offer the dual benefit of earning interest while providing deductions under Section 80C.

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

Yes, you can withdraw your FD early, but there may be a penalty, and the interest rate could be lower than the rate you would have received if the FD was held until maturity.

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?

Upon maturity, your FD principal and interest will be paid to your linked account, or you can choose to reinvest it for a new term.

Is FD interest rate paid monthly?

Yes, DBS Bank offers non-cumulative Fixed Deposit options where interest can be paid out monthly, quarterly, or at maturity. Opting for monthly payouts may result in slightly lower interest rates compared to cumulative FDs, where interest is compounded and paid at maturity.

Which is best, RD or FD?

The choice between a Fixed Deposit (FD) and a Recurring Deposit (RD) with DBS Bank depends on your financial goals and saving habits.

Fixed Deposit (FD): Ideal if you have a lump sum to invest. Offers higher interest rates and flexible payout options.
Recurring Deposit (RD): Suitable for building savings through regular monthly contributions. Interest rates are comparable to FDs for similar tenures.

What documents are required to open a Fixed Deposit (FD) online with DBS Bank?

To open an FD online with DBS Bank, you only require an active DBS Bank Savings Account and sufficient balance. At the time of account opening, keep your Aadhaar card and Permanent Account Number (PAN) handy.

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.

View the full list of FAQs

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