FD Interest Rates

DBS Bank Fixed Deposit Investment Opportunities

At a Glance Maintaining Fixed Deposits as a wise asset allocation plan is advised by financial experts to guarantee investments and provide readiness for financial crises. For better and consistent returns, a Fixed Deposit at DBS Bank provides competitive FD rates.

It satisfies financial management needs for people of all ages and life phases with simple liquidity and fixed interest rates all through the tenure. For reliable and safe Fixed Deposits investment choices, choose DBS Bank, Asia's best bank.

DBS Bank offers the following fixed deposit interest rates: [A detailed table on existing FD interest rates available via link above]:

Rates w.e.f. 11th December, 2023

Tenor

Regular

Senior Citizen

7 days

2.50%

2.50%

8 days & up to 14 days

2.75%

2.75%

15 days & up to 29 days

4.00%

4.00%

30 days & up to 45 days

4.50%

4.50%

46 days & up to 60 days

4.50%

4.50%

61 days

5.00%

5.00%

62 days & up to 90 days

5.00%

5.00%

91 to 180 days

5.00%

5.00%

181 to 269 days

6.00%

6.50%

270 to less than 1 year

6.00%

6.50%

1 year to 375 days

7.00%

7.50%

376 days to 540 days

7.50%

8.00%

541 days to 599 days

7.25%

7.75%

600 days

7.25%

7.75%

601 days to less than 2 years

7.25%

7.75%

2 years to less than 2 years & 6 months

7.00%

7.50%

2 years & 6 months

7.00%

7.50%

2 years 6 months 1 day & less than 3 years

7.00%

7.50%

3 years and less than 4 years

6.50%

7.00%

4 years to less than 5 years

6.50%

7.00%

5 years and above

6.50%

7.00%

*The above rates apply to single Rupee term deposits of less than three crore Rupees, effective from June 8, 2024. Rates are subject to change at DBS Bank’s discretion. Please click here for the latest information.

Notes:

  • The senior citizen preferential rate applies exclusively to domestic term deposits and excludes NRO and NRE deposits
  • The preferential rate is applicable for tenures of 181 days and longer
  • The preferential rate is specifically for individual FD bookings
  • Non-individual FD bookings, such as HUF, do not qualify for the preferential rate

Calculate Interest on Fixed Deposit to Plan FD Investment Returns

The interest earned on your fixed deposit at DBS Bank is influenced by factors such as the invested amount, FD duration, interest rate, and frequency of interest computation. While complex calculations are unnecessary, understanding your fixed deposit's interest rate is crucial for estimating your total earnings over the investment period.

To streamline this process, we're pleased to announce an upcoming, exclusive fixed deposit interest calculator. Accessible soon through our digibank by DBS app, this tool will simplify how you calculate your returns.

Applying for a Fixed Deposit at DBS Bank Online

For DBS digibank mobile app users:

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For digibank users

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If you’re using the digibank mobile app

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Login to your digibank account

Login to your digibank account

Go to the navigation menu and tap on Deposits

Navigate to the menu and select ‘Deposits’

Under Deposits, select Fixed Deposits

Choose ‘Fixed Deposit’ under the Deposits section

Follow instructions to begin investing

Follow the instructions to plan your investment with the desired amount and tenure

For DBS Bank Internet Banking users:

Login in and click on Deposits in the navigation menu

Login and navigate to ‘Deposits’ in the menu.

Then click on Open New Deposit to start investing

Click on ‘Open New Deposit’ to plan your investment with the desired amount and tenure

Open a DBS Bank Savings Account Online

100% digital account with digibank – Zero paperwork or branch visits

Download digibank.

Download digibank on any smart device

 

complete KYC

Complete KYC by filling out your details.

 

Activate your digibank savings account

Activate your DBS Bank savings account in a few easy steps.

 


Frequently Asked Questions

Is it advisable to invest in fixed deposits?

Indeed, most people agree that fixed deposits are a safe and consistent kind of investment. At DBS Bank, we have competitive interest rates that make fixed deposits an excellent option for optimal stability and peace of mind maximizing the value of your investments.

What is ‘reinvest on maturity’?

Choosing to "Reinvest on Maturity" indicates that you have directed creation of a new deposit on the maturity of your present account. We will reinvest your whole original investment plus the interest you have received.

Where can I view the latest fixed deposit interest rates?

To view the most current fixed deposit interest rates, please visit the 'Fixed Deposits' section on our digibank by DBS app or log in to DBS Bank Internet Banking. Alternatively, click here to access the detailed FD account interest rates per annum.

Would I be able to see the amount of interest earned on my deposit?

To check the interest earned on your deposit, simply navigate to the ‘Deposits (FD)’ section of the digibank app.

When will the interest be paid on my Fixed Deposit?

The interest on your Fixed Deposit is credited to your account upon maturity or withdrawal. If you withdraw prematurely, you will receive the prevailing interest rate at that time.