Interest Rates

Interest Rates

Savings Bank A/C

NatureRate of InterestAverage Quarterly Balance
NormalSenior CitizenRuralSemi UrbanUrban
A. Domestic
a. With cheque book facility 7%* p.a. on balance upto Rs. 1 lac 7%* p.a. on balance upto Rs. 1 lac Rs. 25,000 Rs. 25,000 Rs. 25,000
6%** p.a. on balance of above Rs. 1 Lac and upto 10 lacs 6%** p.a. on balance of above Rs. 1 Lac and upto 10 lacs
5%** p.a. on balance of above Rs. 10 lacs and upto 1 crore 5%** p.a. on balance of above Rs. 10 lacs and upto 1 crore
4%** p.a. on balance of above Rs. 1 crore 4%** p.a. on balance of above Rs. 1 crore
b. Without cheque book facility NA NA NA NA NA
c. Basic Savings Bank Deposit Account 7%* p.a. on balance upto Rs. 1 lac 7%* p.a. on balance upto Rs. 1 lac Nil Nil Nil
6%** p.a. on balance of above Rs. 1 Lac and upto 10 lacs 6%** p.a. on balance of above Rs. 1 Lac and upto 10 lacs
5%** p.a. on balance of above Rs. 10 lacs and upto 1 crore 5%** p.a. on balance of above Rs. 10 lacs and upto 1 crore
4%** p.a. on balance of above Rs. 1 crore 4%** p.a. on balance of above Rs. 1 crore
B. Non Resident
a. NRE 4%* p.a. on balance upto 5 lacs 4%* p.a. on balance upto 5 lacs Rs. 25,000 Rs. 25,000 Rs. 25,000
5%* p.a. on balance above Rs. 5 lacs and upto 20 lacs 5%* p.a. on balance above Rs. 5 lacs and upto 20 lacs
4%* pa on balance above Rs. 20 lacs 4%* pa on balance above Rs. 20 lacs
b. NRO 4%* p.a. on balance upto 5 lacs 4%* p.a. on balance upto 5 lacs Rs. 25,000 Rs. 25,000 Rs. 25,000
5%* p.a. on balance above Rs. 5 lacs and upto 20 lacs 5%* p.a. on balance above Rs. 5 lacs and upto 20 lacs
4%* pa on balance above Rs. 20 lacs 4%* pa on balance above Rs. 20 lacs

# Interest rate revised as above w.e.f. February 2017.
* For non-metro branches (Cuddalore, Kolhapur, Moradabad, Nashik, Salem, Surat) the Average Quarterly Balance is INR 10,000.
* We have other Savings account variants where the minimum balance requirements are different.

Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

Domestic & NRO Rates

Rates w.e.f. 4th August 2017
FromLess than 1 Crore
Card RatesSenior Citizen Rates
7 days 4 4
8 days & up to 14 days 4.25 4.25
15 days & up to 29 days 4.25 4.25
30 days & up to 45 days 4.5 4.5
46 days & up to 60 days 5 5
61 days & up to 90 days 5.5 5.5
91 days & up to 180 days 5.75 5.75
181 days & up to 269 days 6 6
270 days to less than 1 year 6.1 6.1
1 year to 15 months 6.3 6.3
15 months 1 day upto less than 2 years 6.3 6.3
2 years & less than 3 years 6.4 6.4
3 years & less than 4 years 6.5 6.5
4 years & less than 5 years 6.6 6.6
5 years & above 6.7 6.7

NRE Fixed Deposits

Rates w.e.f. 4th August 2017
PeriodLess than 1 Crore
1 year to 15 months 6.3
15 months 1 day upto less than 2 years 6.3
2 years & less than 3 years 6.4
3 years & less than 4 years 6.5
4 years & less than 5 years 6.6
5 years and above 6.5

For interest rates on FDs of INR 1 Crore and above, please contact your Relationship Manager or nearest branch.

FCNR Deposits

(Interest Rate w.e.f 1st September 2017)

Currency USD

TenorInterest Rate
1 year to upto 2 years 1.69
2 years to upto 3 years 1.81
36 months to less than 37 months 1.87
37 months to less than 38 months 1.87
38 months to less than 48 months 1.87
4 years to upto 5 years 1.95
5 years 2.04

Currency GBP

TenorInterest Rate
1 year to upto 2 years 0.64
2 years to upto 3 years 0.80
3 years to upto 4 years 0.88
4 years to upto 5 years 0.96
5 years 1.04

Currency EUR

TenorInterest Rate
1 year to upto 2 years 0.01
2 years to upto 3 years 0.01
3 years to upto 4 years 0.01
4 years to upto 5 years 0.01
5 years 0.01

Currency JPY

TenorInterest Rate
1 year to upto 2 years 0.01
2 years to upto 3 years 0.01
3 years to upto 4 years 0.01
4 years to upto 5 years 0.01
5 years 0.01

Currency CAD

TenorInterest Rate
1 year to upto 2 years 0.01
2 years to upto 3 years 0.01
3 years to upto 4 years 0.01
4 years to upto 5 years 0.01
5 years 0.01

Currency AUD

TenorInterest Rate
1 year to upto 2 years 0.01
2 years to upto 3 years 0.01
3 years to upto 4 years 0.01
4 years to upto 5 years 0.01
5 years 0.01

Currency SGD

TenorInterest Rate
1 year to upto 2 years 1.25
2 years to upto 3 years 1.25
3 years to upto 4 years 1.50
4 years to upto 5 years 1.50
5 years 1.50

Currency HKD

TenorInterest Rate
1 year to upto 2 years 0.01
2 years to upto 3 years 0.01
3 years to upto 4 years 0.01
4 years to upto 5 years 0.01
5 years 0.01

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits prior to the date of its maturity. The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty. This penalty is applicable for deposits of INR 15 lakhs and above only.

However, no interest will be paid in case of NRE/FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

NRE Savings

Interest Rate w.e.f. 1st February 2016
TenorInterest Rate
- 4.0

Base Rate

w.e.f. 7th September 2017
TenorBase Rate
- 8.40%

Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR)* effective as of September 07, 2017, is as follows:


Tenor BucketsMCLR
O/N MCLR 7.80%
1M MCLR 7.80%
3M MCLR 7.90%
6M MCLR 7.95%
12M MCLR 8.20%

*The Marginal Cost of Funds based Lending Rate (MCLR) is set further to Reserve Bank of India’s Master Direction DBR.Dir.No.85/13.03.00/2015-16 dated March 03, 2016 (updated as on March 29, 2016). The MCLR is subject to review and would be published on a monthly basis. The MCLR represents the rupee lending reference rate(monthly compounded) for DBS Bank in India. Actual lending rates applicable from time to time for products/customer segments will additionally include certain other premia and costs associated with the product, delivery and specific customer channels. Interest rate on all rupee loans sanctioned and credit limits renewed w.e.f. April 1, 2016 will be priced with reference to MCLR benchmarks.

Pricing Grid for DBS India Mortgage Loans

Rates w.e.f 7th September 2017

Home Loan/ Home Loan Takeover: Three Month MCLR: 7.90%


Loan SlabsInterest Rates(Three Month MCLR Plus Spread)
Any loan amount
(without Flexi account facility)
Three Month MCLR + (up to 0.80)
Any loan amount
(with Flexi account facility)
Three Month MCLR + (up to 0.95)

Loan against Property/Loan Against Property Takeover:

Three Month MCLR: 7.90%


Loan SlabsInterest Rates(Three Month MCLR Plus Spread)
Any loan amount
(without Flexi account facility)
Three Month MCLR + (up to 3.25)
Any loan amount
(with Flexi account facility)
Three Month MCLR + (up to 3.40)

Note:

  • The final pricing on the loan will be based on:
    • Loan Amount;
    • Product/facility type offered;
    • Customer segment
    • Internal DBS Bank Loan assessment parameters.
  • The final pricing will be within the range mentioned above.
  • The pricing grid will be reviewed periodically and the final pricing on the loan will be based on applicable interest rates during that point in time.
  • Three Month MCLR refers to 3M MCLR of DBS Bank Ltd., India published by the Bank from time to time.
  • For conversion from Base Rate to MCLR rate, please refer our schedule of charges and contact your Relationship Manager for assistance. T&C Apply.
  • Conditions apply. Credit at sole discretion of DBS Bank Ltd, India.
  • The above rates are subject to change without prior notice.