Interest Rates

Domestic Savings Account

Account Interest Per annum

Nature Domestic

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

3.25%

Above Rs.3 Lakhs and Upto Rs.4 Lakhs

3.50%

Above Rs.4 Lakhs and Upto Rs.5 Lakhs

7.00%

Above Rs.5 lakhs and up to Rs.10 lakhs

5.00%

Above Rs.10 lakhs and up to Rs.50 lakhs

4.00%

Above Rs.50 lakhs and up to Rs.1 Cr

5.00%

Above Rs.1 Cr

3.00%

Note:

  1. *Interest rate revised as above w.e.f. 10th Oct 2023.
  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 is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI

llustration: (Domestic)

If the balance in the savings account is 5 Crores 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: 3.25%

Above Rs.2 Lakhs and Upto Rs.3 Lakhs

3.25%

Rs 3 lakhs - Rs 4 lakhs: 3.50%

Above Rs.3 Lakhs and Upto Rs.4 Lakhs

3.50%

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: 5.00%

Above Rs 5 lakhs and up to Rs.10 lakhs

5.00%

Rs 10 lakhs - Rs 50 lakhs: 4.00%

Above Rs 10 lakhs and up to Rs.50 lakhs

4.00%

Rs 50 lakhs - Rs 1Cr: 5.00%

Above Rs 50 lakhs and up to Rs.1Cr

5.00%

Rs.1 Cr– Rs.5 Crores: 3.00%

Above Rs.1 Cr and up to Rs.5 Crores

3.00%

Remaining Rs.50 lakhs: 3.00%

Above Rs.5 Crores

3.00%

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NRO / NRE Savings Account

Account Interest Per annum

Nature NRO/NRE

Up to Rs 1 lakh

3.25%

Above Rs 1 lakh and up to Rs.5 Lakhs

3.50%

Above Rs.5 Lakhs

3.00%

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.

Open an NRI Savings Account

 

Domestic Fixed Deposits


Rates w.e.f. 10th July, 2023

Tenor

Regular

7 days

2.50%

8 days & up to 14 days

2.75%

15 days & up to 29 days

4.00%

30 days & up to 45 days

2.75%

46 days & up to 60 days

2.75%

61 days

4.50%

62 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

7.25%

541 days to 599 days

7.25%

600 days

7.25%

601 days to less than 2 years

7.25%

2 years to less than 2 years & 6 months

7.25%

2 years & 6 months

7.25%

2 years 6 months 1 day & less than 3 years

7.50%

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.

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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NRO Fixed Deposits


Rates w.e.f. 10th July, 2023

Tenor

Regular

7 days

2.50%

8 days & up to 14 days

2.75%

15 days & up to 29 days

4.00%

30 days & up to 45 days

2.75%

46 days & up to 60 days

2.75%

61 days

4.50%

62 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

7.25%

541 days to 599 days

7.25%

600 days

7.25%

601 days to less than 2 years

7.25%

2 years to less than 2 years & 6 months

7.25%

2 years & 6 months

7.25%

2 years 6 months 1 day & less than 3 years

7.50%

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.


Book an NRO Fixed Deposit

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

FCNR Deposits

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

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.

Book an FCNR Deposit

Marginal Cost of Funds based Lending Rate (MCLR)

Marginal Cost of Funds based Lending Rate (MCLR)* effective as of December 07, 2023, is as follows:

Tenor Buckets MCLR
O/N MCLR 8.75%
1M MCLR 8.75%
3M MCLR 9.10%
6M MCLR 9.25%
1Y MCLR 9.45%
2Y MCLR 9.50%
3Y MCLR 9.50%

*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.

Apply for a Home Loan

Pricing Grid for DBS India Mortgage Loans

w.e.f. February 2023


Home Loan/ Home Loan Takeover: RBI Policy Repo Rate: 6.50%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount RBI Policy Repo Rate + (up to 2.90%)

Loan against Property/Loan Against Property Takeover:

RBI Policy Repo Rate: 6.50%


Loan Slabs Interest Rates (RBI Policy Repo Rate Plus Spread)
Any loan amount RBI Policy Repo Rate + (up to 4.00%)

Apply for a Home Loan


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.

Pricing Grid for DBS India Affordable Housing Loans

W.e.f. October 2023

RBI Policy Repo Rate: 6.50%


Product Interest Rates (RBI Policy Repo Rate Plus Spread)
Home Loan RBI Policy Repo Rate + (up to 11.50%)
Home Extension Loan RBI Policy Repo Rate + (up to 13.50%)
Top up Loan / Loan Against Property RBI Policy Repo Rate + (up to 15.50%)