|DBS Bank Fixed Deposit Interest Rate|
|Minimum Deposit Amount||Rs. 5,000|
|Tenure||7 days to 5 years and above|
|Interest Rate||2.50% to 5.50%|
DBS Bank Fixed Deposit Interest Rate starts from 2.50% and up to 5.50%. Senior citizens are eligible for a preferential rate for domestic term deposits. The tenure of FD must be 181 days and above for the applicability of preferential rates. Digibank users can download the Digibank mobile app to open DBS Bank FD. New users can open their Digibank savings account at first. The DBS Bank Fixed Deposit schemes meet the needs of every individual. And the bank offers fixed returns so that you can calculate your investments better.
In this post, we will discuss features of DBS Bank Fixed Deposit interest rates and frequently asked questions.
Here are the details:
Here are the DBS Bank Fixed Deposit Interest Rates FAQs:
You can open an FD of as little as Rs. 5,000. You can build a contingency fund with the help of a fixed deposit. Also, you can choose the tenure at your own convenience.
The bank considers several factors when determining the fixed deposit rates. Some of these include the investment amount, tenure of FD, interest credit frequency, computation method applicable, age of the account holder, type of deposit scheme, etc.
As per DICGC, the FD is insured for up to Rs. 5 lakhs.
Preferential rates are available for senior citizens on domestic term deposits. The same does not apply to NRE and NRO deposits. For this facility, the FD should have at least 181 days tenure and above. Also, the same applies to individual account holders. For non-individual holders such as HUFs, there is no facility for preferential rates.
If you are a Digibank user then use the Digibank mobile app and access the section for deposits. There you will find the option of Fixed Deposits. You have to simply follow the said instructions for the FD to start with investments. For those who use Digibank ibanking website, after login, they can go to the menu for ‘Deposits’. Access the ‘Open New Deposit’ option to start with investment. Follow the details and complete the KYC.