Interest Rates

Domestic Savings Account

*Interest rates mentioned above are per anum

Note:

1. *Interest rate revised as above w.e.f. 14^th June 2024.
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:

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NRO / NRE Savings Account

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.

DBS Bank offers the below fixed deposit interest rates*:

Rates w.e.f. 11^th December, 2023

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.

*The above rates are applicable for single Rupee term deposits of less than Rupees three crore with effect from 08-Jun'24.

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NRO Fixed Deposits

Rates w.e.f. 11^th December, 2023

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. 15^th February, 2024

For interest rates on FDs of INR 3 Crore and above, please contact your Relationship Manager or nearest branch.

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FCNR Interest Rates

Rates with effect from 01 Mar 2024

Please check with your branch/relationship manager on the date of booking deposits for documentation and deposit interest rates across currencies which are subject to change from time to time.

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.

For detailed 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 November 07, 2024, is as follows:

*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. February 2023

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

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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.

Pricing Grid for DBS India Affordable Housing Loans

W.e.f. October 2023

RBI Policy Repo Rate: 6.50%