Domestic Savings A/C

Nature Rate of Interest (per annum)
Domestic Balance up to Rs. 1 lakh will get 3.25% interest rates
Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 3.5% on the incremental amount*
Any balances over and above Rs. 2 lakhs and up to Rs. 5 lakhs will get 4% on the incremental amount*
Any balances over and above Rs. 5 lakhs and up to Rs. 50 lakhs will get 3% on the incremental amount*
Any balances over and above Rs. 50 lakhs and up to Rs. 5 Crs will get 5% on the incremental amount*
Any balances over and above Rs. 5 Cr will get 5% on the incremental amount thereon

Note:

  1. *Interest rate revised as above w.e.f. 26th Sep 2022.
  2. *Interest rate up to 25th Sep 2022 is:
    • Domestic 3.25% p.a on balance upto Rs. 1 lakh; 3.5% p.a on balance above Rs. 1 lakh and upto Rs. 2 lakhs; 4.00% p.a on balance above Rs. 2 lakh and upto Rs. 5 lakhs; 3.00% p.a on balance above Rs. 5 lakh and upto Rs. 5 Crs and 3.75% on balance above Rs. 5 Crs.
  3. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
  4. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
  5. 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.

If the balance in the savings account is 5 Crores 60 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 5 lakhs: 4.00%

Above Rs.2 Lakhs and Upto Rs.5 Lakhs

4.00%

Rs 5 lakhs - Rs 50 lakhs: 3.00%

Above Rs 5 lakhs and up to Rs.50 lakhs

3.00%

Rs.50 lakhs – Rs.5 Crores: 5.00%

Above Rs.50 lakhs and up to Rs.5 Crores

5.00%

Remaining Rs.60 lakhs: 5.00%

Above Rs.5 Crores

5.00%


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NRO / NRE Savings Account

Nature Rate of Interest (per annum)
NRO/NRE Balance up to Rs. 1 lakh will get 3.25% interest rates
Any balances over and above Rs. 1 lakh and up to Rs. 5 lakhs will get 3.5% on the incremental amount*
Any balances over and above Rs. 5 lakhs will get 3% on the incremental amount*

Note:

  1. Interest rate revised as above w.e.f. 3rd Jan 2022. (For NRE/NRO Savings Account)
  2. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
  3. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
  4. 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.
  5. For senior citizens, rates as per above table would apply.
 

Domestic Fixed Deposits


Rates w.e.f. 18th November, 2022

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

2.75%

2.75%

30 days & up to 45 days

2.75%

2.75%

46 days & up to 60 days

2.75%

2.75%

61 days & up to 90 days

3.00%

3.00%

91 to 180 days

3.00%

3.00%

181 to 269 days

4.75%

5.25%

270 to less than 1 year

4.75%

5.25%

1 year to 375 days

6.25%

6.75%

376 days to 540 days

6.50%

7.00%

541 days to 599 days

6.50%

7.00%

600 days

7.25%

7.75%

601 days to less than 2 years

6.50%

7.00%

2 years & 6 months

6.50%

7.00%

2 years 6 months 1 day & less than 3 years

6.50%

7.00%

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%

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.

Notes:

  • 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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External Benchmark linked Deposits

Tenor

Rate of Interest (per annum)

7 Days

5.50%

8 days & up to 14 days

5.50%

 

Benchmark Linked Deposits – This deposit provides a dual feature of assurance of fixed deposit along with a flexible opportunity to increase your returns. The rate of interest offered under this deposit is linked to benchmark rate announced by RBI with a fixed spread. As and when the benchmark rates are revised by RBI, the rate of interest offered would accordingly revise with the same fixed spread for the next deposit creation. For more details on the above, please contact your relationship manager.

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NRO Fixed Deposits


Rates w.e.f. 18th November, 2022

Tenor

Regular

7 days

2.50%

8 days & up to 14 days

2.75%

15 days & up to 29 days

2.75%

30 days & up to 45 days

2.75%

46 days & up to 60 days

2.75%

61 days & up to 90 days

3.00%

91 to 180 days

3.00%

181 to 269 days

4.75%

270 to less than 1 year

4.75%

1 year to 375 days

6.25%

376 days to 540 days

6.50%

541 days to 599 days

6.50%

600 days

7.25%

601 days to less than 2 years

6.50%

2 years & 6 months

6.50%

2 years 6 months 1 day & less than 3 years

6.50%

3 years and less than 4 years

6.50%

4 years to less than 5 years

6.50%

5 years and above

6.50%

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.


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NRE Fixed Deposits

Rates w.e.f. 18th November, 2022

Tenure

Interest Rate p.a.

1 year to 375 days

6.25%

376 days to 540 days

6.50%

541 days to less than 2 years

6.25%

2 years & less than 2 years 6 months

5.75%

2 years & 6 months

5.25%

2 years 6 months 1 day & less than 3 years

5.25%

3 years and less than 4 years

5.00%

4 years to less than 5 years

5.00%

5 years and above

5.00%

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


Book an NRE Fixed Deposit

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FCNR Deposits

Please reach out to your RM / Branch for the latest FCNR rates.

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Deposits 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.

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.

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Marginal Cost of Funds based Lending Rate (MCLR)


Marginal Cost of Funds based Lending Rate (MCLR)* effective as of 07th November 2022, is as follows:

Tenor Buckets MCLR
O/N MCLR 7.95%
1M MCLR 7.95%
3M MCLR 8.35%
6M MCLR 8.75%
12M MCLR 8.90%
24M MCLR 9.20%

*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.

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Pricing Grid for DBS India Mortgage Loans

w.e.f. September 2022


Home Loan/ Home Loan Takeover: RBI Policy Repo Rate: 5.90%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount
(without Flexi account facility)
RBI Policy Repo Rate + (up to 3.70%)
Any loan amount
(with Flexi account facility)
RBI Policy Repo Rate + (up to 4.50%)

Loan against Property/Loan Against Property Takeover:

RBI Policy Repo Rate: 5.90%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount
(without Flexi account facility)
RBI Policy Repo Rate + (up to 4.70%)
Any loan amount
(with Flexi account facility)
RBI Policy Repo Rate + (up to 5.20%)

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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.