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:
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% |
Rates w.e.f. 10th 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 |
||
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:
Deposit |
Regular |
Senior Citizen |
Tax Saver Deposits - w.e.f 18-11-2022 |
6.50% |
7.00% |
S.No |
Product Category under Gold Loan |
Base Rate (Repo Rate) % |
Margin % |
Effective Interest Rate % |
1 |
Agri |
6.50 |
5.50 |
12.00 |
2 |
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. |
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
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:
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.
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 | – |
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 |
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 |
Please note below charges for online outward remittance / overseas transfer for following currency and country combinations.
Currency and Country | Bank Fee | Agent Fees | GST# |
---|---|---|---|
|
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.
**Important Points to Note:
The above rates and fees is applicable from 1st April 2021.
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