Interest Rates

Interest Rates

Savings Bank A/C

Nature Rate of Interest (per annum)
A. Domestic Balance up to Rs. 1 lakh will get 5% interest rate*
Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 7% on the incremental amount
Any balances over and above Rs. 2 lakhs and up to Rs. 5 lakhs will get 5.5% on the incremental amount*
Any balances over and above Rs. 5 lakhs will get 4% on the incremental amount
B. Non Resident - NRE / NRO 4% p.a. across balances

  • *Interest rate revised as above w.e.f. 16th September 2019.
  • *Interest rate upto 15th September 2019 is: 5.5% p.a on balance upto Rs. 1 lakh and 5% p.a on balance of above Rs. 2 lakhs and upto Rs. 5 lakhs.
  • 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 Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
  • For senior citizens, above rates would apply.
  • For Basic Savings Bank Deposit Account, above domestic rates would apply.

Domestic and NRO Fixed Deposits

Rates w.e.f. 29th October 2019
From Less than 2 Crore
Card Rates Senior 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 6.25 6.25
270 days to less than 1 year 6.5 6.5
1 year to 375 days 6.75 6.75
376 days to less than 2 years 6.25 6.25
2 years & less than 2 years 6 months 6.25 6.25
2 years & 6 months 6.25 6.25
2 years 6 months 1 day & less than 3 years 6.25 6.25
3 years & less than 4 years 6.5 6.5
4 years & less than 5 years 6.5 6.5
5 years & above 6.5 6.5

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.

NRE Fixed Deposits

Rates w.e.f. 29th October 2019
Period Less than 2 Crore
1 year to 375 days 6.25
376 days to less than 2 years 6.25
2 years & less than 2 years 6 months 6.25
2 years & 6 months 6.25
2 years 6 months 1 day & less than 3 years 6.25
3 years & less than 4 years 6.25
4 years & less than 5 years 6.25
5 years and above 6.25

For interest rates on FDs of INR 2 crore and above, please contact your Relationship Manager or nearest branch.

 

FCNR Deposits

(Interest Rate w.e.f 1st November 2019)

Currency USD

Tenor Interest Rate
1 year to less than 2 years 1.97
2 years to less than 3 years 1.87
36 months to less than 37 months 1.80
37 months to less than 38 months 1.80
38 months to less than 48 months 1.80
4 years to less than 5 years 1.81
5 years 1.80

Rates applicable upto USD 300,000. For deposits greater than USD 300,000, please contact your Relationship Manager.


Currency GBP

Tenor Interest Rate
1 year to less than 2 years 0.99
2 years to less than 3 years 1.02
3 years to less than 4 years 1.01
4 years to less than 5 years 1.01
5 years 1.01

Currency EUR

Tenor Interest Rate
1 year to less than 2 years 0.01
2 years to less than 3 years 0.01
3 years to less than 4 years 0.01
4 years to less than 5 years 0.01
5 years 0.01

Currency JPY

Tenor Interest Rate
1 year to less than 2 years 0.01
2 years to less than 3 years 0.01
3 years to less than 4 years 0.01
4 years to less than 5 years 0.01
5 years 0.01

Currency CAD

Tenor Interest Rate
1 year to less than 2 years 0.01
2 years to less than 3 years 0.01
3 years to less than 4 years 0.01
4 years to less than 5 years 0.01
5 years 0.01

Currency AUD

Tenor Interest Rate
1 year to less than 2 years 0.01
2 years to less than 3 years 0.01
3 years to less than 4 years 0.01
4 years to less than 5 years 0.01
5 years 0.01

Currency SGD

Tenor Interest Rate
1 year to less than 2 years 1.25
2 years to less than 3 years 1.25
3 years to less than 4 years 1.50
4 years to less than 5 years 1.50
5 years 1.50

Currency HKD

Tenor Interest Rate
1 year to less than 2 years 0.01
2 years to less than 3 years 0.01
3 years to less than 4 years 0.01
4 years to less than 5 years 0.01
5 years 0.01

Important Terms and Conditions:

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.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detail terms and conditions click here.

Base Rate

w.e.f. 7th November 2019
Tenor Base Rate
- 8.30%

Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR)* effective as of 07 November 2019 is as follows:


Tenor Buckets MCLR
O/N MCLR 7.90%
1M MCLR 8.20%
3M MCLR 8.20%
6M MCLR 8.30%
12M MCLR 8.30%

*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 4th October 2019

Home Loan/Home Loan Takeover: RBI Policy Repo Rate: 5.15%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount
(without Flexi account facility)
RBI Policy Repo Rate + (up to 3.30%)
Any loan amount
(with Flexi account facility)
RBI Policy Repo Rate + (up to 3.80%)

Loan against Property/Loan Against Property Takeover:

RBI Policy Repo Rate: 5.15%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount
(without Flexi account facility)
RBI Policy Repo Rate + (up to 4.15%)
Any loan amount
(with Flexi account facility)
RBI Policy Repo Rate + (up to 4.55%)

Note:

  • 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.
  • RBI Policy Repo Rate is announced and published by the RBI on https://www.rbi.org.in/ from time to time.
  • For conversion from Base Rate/ MCLR rate to RBI Policy Repo 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 India Limited.
  • The above rates are subject to change without prior notice.
Get In Touch

Call Us: 1800 209 4555

Get In Touch

Call Us: 1800 209 4555