Savings & Deposit Accounts Interest Rates & Fees

Rates and Fees

Account Interest Rates per annum

DBS Bank Savings Account
Up to Rs 1 lakh	3.25%
Above Rs 1 lakh and up to Rs.2 Lakhs	3.50%
Above Rs.2 Lakhs and Upto Rs.3 Lakhs	4.25%
Above Rs.3 Lakhs and Upto Rs.5 Lakhs	7.00%
Above Rs 5 lakhs and up to Rs.10 lakhs	6.00%
Above Rs 10 lakhs and up to Rs.20 lakhs	5.50%
Above Rs 20 lakhs and up to Rs.1 Cr	5.00%
Above Rs.1 Cr	3.00%

*Interest rates mentioned above are per anum

Note:

Interest rate revised as above w.e.f. 1st Feb 2023.
Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
Rate of interest on digiSavings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI

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llustration: (Domestic)

If the balance in the savings account is 5 Cr 50 Lakhs, then the Savings Account Interest will be calculated as follows:

Savings Interest Calculation	Rates Applied as per the below Slab
Up to Rs 1 Lakh: 3.25%	Up to Rs 1 lakh	3.25%
Rs 1 lakh - Rs 2 lakhs: 3.50%	Above Rs 1 lakh and up to Rs.2 Lakhs	3.50%
Rs 2 lakhs - Rs 3 lakhs: 4.25%	Above Rs.2 Lakhs and Upto Rs.3 Lakhs	4.25%
Rs 3 lakhs - Rs 4 lakhs: 7.00%	Above Rs.3 Lakhs and Upto Rs.4 Lakhs	7.00%
Rs 4 lakhs - Rs 5 lakhs: 7.00%	Above Rs.4 Lakhs and Upto Rs.5 Lakhs	7.00%
Rs 5 lakhs - Rs 10 lakhs: 6.00%	Above Rs 5 lakhs and up to Rs.10 lakhs	6.00%
Rs 10 lakhs - Rs 20 lakhs: 5.50%	Above Rs 10 lakhs and up to Rs.20 lakhs	5.50%
Rs 20 lakhs - Rs 50 lakhs: 5.00%	Above Rs 20 lakhs and up to Rs.50 lakhs	5.00%
Rs.50 lakhs – Rs.1 Cr: 5.00%	Above Rs.50 lakhs and up to Rs.1 Cr	5.00%
Rs.1Cr – Rs.5 Cr: 3.00%	Above Rs.1Cr and up to Rs.5 Cr	3.00%
Remaining Rs.50 lakhs: 3.00%	Above Rs.5 Cr	3.00%

Deposit Interest Rates

Rates w.e.f. 10^th July, 2023

*RDs applicable from 91 days onwards

*For 600 days tenor RD rates are not applicable

*Custom tenor for RD should be multiples of 3

Tenor	Fixed Deposit		Recurring Deposit
Tenor	Regular	Senior Citizen	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	2.75%	2.75%	-	-
46 days & up to 60 days	2.75%	2.75%	-	-
61 days	4.50%	4.50%	-	-
62 days & up to 90 days	3.00%	3.00%	-	-
91 to 180 days	3.00%	3.00%	3.00%	3.00%
181 to 269 days	4.75%	5.25%	4.75%	5.25%
270 to less than 1 year	4.75%	5.25%	4.75%	5.25%
1 year to 375 days	6.25%	6.75%	6.25%	6.75%
376 days to 540 days	7.25%	7.75%	7.25%	7.75%
541 days to 599 days	7.25%	7.75%	7.25%	7.75%
600 days	7.25%	7.75%	-	-
601 days to less than 2 years	7.25%	7.75%	7.25%	7.75%
2 years to less than 2 years 6 months	7.25%	7.75%	7.25%	7.75%
2 years & 6 months	7.25%	7.75%	7.25%	7.75%
2 years 6 months 1 day to less than 3 years	7.50%	8.00%	7.50%	8.00%
3 years and less than 4 years	6.50%	7.00%	6.50%	7.00%
4 years to less than 5 years	6.50%	7.00%	6.50%	7.00%
5 years and above	6.50%	7.00%	6.50%	7.00%

To book a deposit for tenure less than 90 days, please visit the nearest DBS Branch.

Notes:

Know More about Green Deposits
W.e.f 3rd September 2021, Preferential rate of 50bps will be provided to Resident senior citizen on FD bookings < INR 2 Cr.
Senior Citizen preferential rate is applicable only for domestic term deposits. Senior citizen preferential rate benefit is not applicable for NRO and NRE term deposits.
Preferential rate will be applicable for tenure of 181 days and above.
Pref rate will only apply for FD booking by individuals. For Non individual FD booking (e.g. HUF) no preferential rate is applicable.

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Tax Saver Deposit Interest Rates

Deposit	Regular	Senior Citizen
Tax Saver Deposits - w.e.f 18-11-2022	6.50%	7.00%

Gold Loan Interest Rates

S.No

Product Category under Gold Loan

Base Rate (Repo Rate)

Margin

Effective Interest Rate

Agri

6.50

5.50

12.00

Non Agri

6.50

6.75

13.25

For consolidated schedule of charges on Gold Loan, please refer this below table.

Gold Loan Product	Existing Applicable charges
Loan Facility/ Product	Gold Loan Agri	Gold Loan Non-Agri
Rate of Interest	12.00%	13.25%
Processing Fees to Bank (GST of 18% to be collected in addition)	0.20% of the facility amount subject to a max. of Rs.1000/- per limit.	0.40% of the facility amount without any cap.
1st Appraiser Commission	0.20% of the limit subject to a max. of Rs.1000/- per limit.	0.20% of the limit subject to a max. of Rs.2000/- per limit.
2nd Appraiser Commission (applicable only when customer exposure exceeds Rs.10 lakhs)	0.20% of the facility amount subject to a max. of Rs.400/- per limit.	0.20% of the facility amount subject to a max. of Rs.400/- per limit.
Stamp Duty Charges	Recovered from Customers as per actual stamp duty rates (state wise) communicated from time to time.
Part-payment Charges / Foreclosure Charges	NIL
Penal Charges	Penal interest at the rate of 2.00% over the prescribed interest rate from time to time will be charged for irregularities like overdue, exceeding the LTV ratio, etc. in the Gold Loan accounts.

Annual Percentage Rate (APR)

Display of information related to rates of Gold loans and Annual Percentage Rate (APR)

Qtr. 2 ( Apr'23 to Jun'23) (in %)
Type	Min Rate	Max Rate	Avg. ROI	Mean ROI *
Agri	9.50	12.00	11.89	11.72
Non Agri	9.75	13.25	13.05	12.69
Total	9.50	13.25	11.95	11.77

* Mean Rate of Interest is calculated as weighted average of Rate of Interest

Account Maintenance

	digital Savings account	digibank e-wallet	digibank Prime
Monthly Average Balance (MAB)	INR 10,000	–	–
Monthly charges for non-maintenance of balance	4% of shortfall up to INR 400	–	–
Account closure (within 6 months of opening)	Free	–	–
TRV	–	–	INR 200,000
Quarterly charge for TRV non maintenance	–	–	1% of shortfall (Max INR 500)

**Note referring to:

Total Relationship Value (TRV) is across all accounts in a family and calculated by aggregating average monthly saving account balances and end of period term deposits and investments.

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Debit Card and ATM

	digital Savings account	digibank e-wallet
Debit card replacement (lost, stolen, damaged)	INR 150	–
Debit card annual fee (second year onwards)	Classic, Platinum: INR 150 Signature: INR 299	–
International cash withdrawal	INR 125	–
International balance enquiry/non financial	INR 25	–
DBS Bank ATM – Cash Withdrawal	Free	–
DBS Bank ATM – Domestic balance enquiry / non-financial transactions	Free	–
Non-DBS Bank ATM – Cash Withdrawal	Bal < INR 2 lacs: Metro - First 3 txns / Non-Metro - First 5 txns (Free) Bal > INR 2 lacs: Metro / Non-Metro - First 10 txns (Free) INR 20 (beyond free limit till 31st Dec 2021) W.e.f. Jan 1st , 2022, charges of INR 21 will be applicable, beyond the free withdrawal limits	–
Non-DBS Bank ATM – Domestic balance enquiry / non-financial transactions	Bal < INR 2 lacs: Metro / Non-Metro - First 7 txns (Free) Bal > INR 2 lacs: Metro / Non-Metro - First 10 txns (Free) INR 8.5 (beyond free limit)	–
FX Markup	3.5% for Classic Card 2.5% for Signature Card	–

**Also refer to Important Points to Note.

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Payment Services and Fund Transfer

	digital Savings account	digibank e-wallet
IMPS	Free	–
RTGS	Free	–
NEFT	Free	–
UPI P2P	Free	–
Credit to account from an overseas bank / International credit	INR 25	–
Cashier’s order / payment order / payable at par demand draft	INR 30	–
Revalidation / reissuance of payment order / demand draft	INR 30	–
Cancellation of DBS payment order / demand draft	INR 100	–
Cheque return charges	INR 200	–
ECS / NACH / eNACH return charges	INR 200	–
Standing Instruction creation	Free	–
Amendment of Standing Instruction	Free	–

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Demand Draft (DD) Issuance Fees

	Fee	Limits
At an RBI location	0.05%	Min. 75 Max. 2000
Non-RBI location (correspondent bank Cat I)	0.10%	Min. 75 Max. 2000
Any other location not covered by the correspondent bank – purchase	0.25%	Min. 75 Max. 2000
Cancellation of correspondent bank DD	INR 100
Revalidation/reissuance of DD – per instruction	Cancellation charges INR 100 + DD issuance charges as given above
Stop payment for lost DD – per instrument	INR 25
DD issuance in foreign currency	0.10%	Min. 550 Max. 2000
Cancellation of foreign currency DD	INR 750
Courier charges	Domestic - INR 50; Overseas - INR 1000
Remote location payment – payable at correspondent bank location	INR 30 + Courier charges, if any

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Other Services


Ad-hoc balance / TDS / Interest certificates and Miscellaneous certificates	INR 75
Duplicate account statement	INR 75
Telex / Swift Inquiry	Free
Postages (Regd Post)	Actuals
Investments in Mutual Fund through digibank – Transaction Fees*	Free
Internet Banking services	Free

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Remittances Fees and Charges

Please note below charges for online outward remittance / overseas transfer for following currency and country combinations.

Currency and Country	Bank Fee	Agent Fees	GST^#
USD to USA GBP to United Kingdom AUD to Australia EUR to Eurozone HKD to Hong Kong SGD to Singapore CAD to Canada	Free	Not applicable	As applicable from time to time, will also be applied to your transaction
Any other currency / country combination	INR 500	Agent fees, if applicable, will be charged*

*Please note that there may be additional charges levied by intermediary or correspondent bank in some cases.

^#GST (Goods & Service Tax) will be levied on the converted gross INR amount. This charge would be deducted from the amount to be paid to the beneficiary. Please find below slab wise GST structure and GST calculation for reference.

Gross amount of currency exchanged	Derived Value on which GST will be charged	GST on derived Value (for rate@ 18% w.e.f July 1, 2017)
Up to INR 100,000	1% of gross amount exchanged, subject to minimum amount of INR 250	INR 180 (For exchange amount of INR 1,00,000)
From INR 100,001 to INR 10,00,000	INR 1,000 for Exchange amount of INR 1,00,000 plus 0.5% on remaining amount exchanged	INR 990 (For exchange amount of INR 10,00,000)
Above INR 10,00,000	INR 5,500 for Exchange amount of INR 10,00,000 plus 0.1% on remaining amount exchanged, subject to maximum of INR 60,000	INR 1,170 (For exchange amount of INR 20,00,000)

Return charges

In case a payment is returned / rejected by the beneficiary bank, the return charges including correspondent banking charges, as applicable, will be levied and amount, net of these charges, will be credited back to your account at prevailing exchange rate.

Other charges - Some banks may apply a Tracer fees. If payment tracer is requested by the customer, applicable charges, will be applied by the intermediary or correspondent Bank / partner.

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**Important Points to Note:

All monetary values given in Indian Rupees unless otherwise specified.
Charges will be levied to the extent of shortfall in balance. For example, if the monthly balance maintained is INR 4,000 (required is INR 10,000), the charge levied will be 60% of the applicable charge (since the balance shortfall is 60%), i.e. 60% of INR 400 = INR 160. In case the charges for shortfall on MAB are less than Re. 1, the charges shall be rounded off to a minimum of Re. 1”
Goods and Service Tax (GST) will be levied by the bank over and above all the charges.
The bank reserves the right to change these rates/charges or re-negotiate them depending upon relationship of a customer.
Please go through the Bank’s website dbs.com/in for the updated commission structure payable to the Bank by AMCs for different competing schemes of various Mutual Funds.
For Corporate Employee, charges such as Monthly Account Balance, Debit Card Annual Fee, ATM transactions, etc. may be waived based on the overall relationship consideration for the Corporate.
Total Relationship Value (TRV) is across all accounts in a family and calculated by aggregating average monthly saving account balances and end of period term deposits and investments.
For customers maintaining TRV >= INR 2 Lacs, charges will not be levied for Monthly Account Balance, Debit Card Annual Fee, ATM transactions and Payment services.
digital Savings account customers holding an outstanding loan product (personal loan or mortgage loan) with DBS shall not be charged for non-maintenance of Monthly Average Balance. Once the loan account is closed, digital Savings account customers will be required to maintain the required minimum Monthly Average Balance, failing which appropriate charge shall be levied as captured above.
In case of insufficient balance in your bank account, bank will not be able to recover applicable fees and GST. GST related information will be available in Bank statement.
Debit Card Annual Fee for a particular year will be waived off if a customer spends INR 50,000 or more in a membership year (one year from the date of issuance of the card) on the digibank Debit Card. Spends include domestic as well as international merchant transactions carried on the digibank Debit Card either via an Online channels or on physical POS. Spends do not include ATM withdrawals.
Charges such as Monthly Account Balance, Debit Card Annual Fee, ATM txns will not be levied for empaneled corporates and/or customer receiving salary credit.
Charges for customers holding Financial Inclusion accounts such as BSBDA, Small Accounts, PMJDY or customers holding Rural accounts shall be governed as per their respective account’s Schedule of Charges.

For latest fees and charges for all Savings Account, please click here.

The above rates and fees is applicable from 1st April 2021.

To view schedule of benefits from 1st October 2020 to 31st March 2021, please click here.
To view schedule of benefits before 1st October 2020, please click here.

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