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

Note:

  • *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. 7th September 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 15 months 7 7
15 months 1 day to less than 2 years 6.5 6.5
2 years & less than 2 years 6 months 6.5 6.5
2 years & 6 months 6.5 6.5
2 years 6 months 1 day & less than 3 years 6.5 6.5
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. 7th September 2019

Period Less than 2 Crore
1 year to 15 months 6.75
15 months 1 day upto less than 2 years 6.5
2 years & less than 2 years 6 months 6.5
2 years & 6 months 6.5
2 years 6 months 1 day & less than 3 years 6.5
3 years & less than 4 years 6.5
4 years & less than 5 years 6.5
5 years and above 6.5

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 September 2019

Tenor Interest Rate
1 year to upto 2 years 2.05
2 years to upto 3 years 1.79
36 months to less than 37 months 1.67
37 months to less than 38 months 1.67
38 months to less than 48 months 1.67
4 years to upto 5 years 1.62
5 years 1.59

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


Tenor Interest Rate
1 year to upto 2 years 0.92
2 years to upto 3 years 0.90
3 years to upto 4 years 0.87
4 years to upto 5 years 0.85
5 years 0.84

Tenor Interest 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

Tenor Interest 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

Tenor Interest 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

Tenor Interest 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

Tenor Interest 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

Tenor Interest 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
 

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. 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 September 2019

Tenor Base Rate
- 8.40%
 

Marginal Cost of Funds based Lending Rate (MCLR)


Marginal Cost of Funds based Lending Rate (MCLR)* effective as of 7th September 2019, is as follows:

Tenor Buckets MCLR
O/N MCLR 8.05%
1M MCLR 8.20%
3M MCLR 8.25%
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

w.e.f. 7th September 2019


Home Loan/ Home Loan Takeover: Three Month MCLR: 8.25%


Loan Slabs Interest 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: 8.25%


Loan Slabs Interest 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 India Limited, 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 India Limited.
  • The above rates are subject to change without prior notice.