Key Takeaways

DBS Bank offers fixed deposits starting from just ₹5,000.
Interest rates vary from 2.75% to 6.55% based on tenure.
Open and manage your FD online through the digibank app easily.

DBS Bank offers competitive interest rates on fixed deposits. The rates vary based on your chosen tenure period.

Suppose you invest ₹1,00,000 in a DBS Bank Fixed Deposit. You choose a tenure of 61 days at 3.75% interest. Your maturity amount will be approximately ₹1,00,627 after the period. This calculation shows how your money grows with fixed deposits.

This comprehensive guide explains everything about DBS Bank Fixed Deposit.

DBS Bank Fixed Deposit Interest Rate

DBS Bank offers competitive interest rates on fixed deposits. The rates vary based on your chosen tenure period.

You can avail of the following Fixed Deposit interest rates with DBS Bank:

Rates w.e.f. 23rd Sep, 2025

Tenure	Regular	Senior Citizen
7 days	2.75%	2.75%
8 days	3.00%	3.00%
9 days & up to 14 days	2.75%	2.75%
15 days & up to 29 days	3.25%	3.25%
30 days & up to 45 days	3.25%	3.25%

Types of DBS Bank Fixed Deposit Schemes

DBS Bank Fixed Deposit offers various schemes to suit different needs:

Standard Fixed Deposits: These provide fixed interest rates for specific time periods.
Tax-Saving Fixed Deposits: Section 80C allows tax deductions on these deposits yearly.
Recurring Deposits (RDs): Customers invest regular amounts and build savings over time gradually.
Senior Citizen Fixed Deposits: People above 60 years receive higher interest rates here.

DBS Bank Fixed Deposit schemes help customers grow their money safely. Each DBS Bank Fixed Deposit type effectively serves different financial goals.

Features and Benefits of DBS Bank Fixed Deposit

DBS Bank Fixed Deposit provides multiple advantages for smart savers today. These benefits include:

Earn Competitive Interest Rates: Enjoy rates up to 7.05% per annum on deposits.
Flexible Investment Options: Start with just ₹5,000 and choose various tenures available.
Income Payout Choices: Opt for monthly, quarterly, or cumulative interest payouts easily.
Convenient Online Access: Open your FD instantly through the internet or mobile banking.
Secure and Reliable Investment: Your returns remain unaffected by market fluctuations.
Goal-Based Savings: Create FDs for specific goals like travel or education purchases.

These benefits make the DBS Bank Fixed Deposit ideal for your savings.

Comparison of DBS Bank Fixed Deposit Rates with Other Banks

Here is how DBS Bank Fixed Deposit rates compare with competitors:

Banks	Highest FD Rate (% p.a.)	1 - Year FD Rate (% p.a.)	3 - Year FD Rate (% p.a.)	5 - Year FD Rate (% p.a.)
Axis Bank	6.60	6.25	6.60	6.60
Federal Bank	6.70	6.40	6.50	6.50
DBS Bank	6.55	6.30	6.40	6.25

Compare different banks' rates before choosing your fixed deposit scheme.

Eligibility Criteria & Required Documents for DBS Bank Fixed Deposit Interest Rates

The following applicants can open an FD account:

Individuals aged 18 years or above
Partnership firms
Hindu Undivided Families (HUFs)
Limited Liability Partnerships (LLPs)
Non-Resident Indians (NRIs)
Trusts and societies

Gather these documents before applying for your FD:

1. Photographs

2. PAN Card

3. Address Proof

Aadhaar card
Voter ID card
Driving licence
Utility bills
Passport

4. FD Application Form

5. Government ID Proof

Passport, Voter ID, PAN card, Aadhaar or Driving licence

6. Age Proof

Education certificate, Aadhaar card, or Voter ID card

7. Bank Details

Provide your account details and other requested documents

Keep all documents ready before visiting the branch.

Tax Implications on DBS Bank Fixed Deposit

Taxable Income

Interest earned on your DBS Bank Fixed Deposit is taxable.
The tax depends on your income tax brackets.

Tax Deducted at Source (TDS)

Banks deduct 10% TDS when crediting interest to you.
TDS applies if interest exceeds ₹40,000 yearly.
Senior citizens enjoy a higher threshold of ₹50,000.

How TDS Works on Your DBS Bank Fixed Deposit

TDS Calculation Rules

Banks calculate TDS on interest earned each financial year.
TDS is deducted immediately when interest is credited.

Exemption from TDS

Income below ₹2,50,000 yearly avoids TDS deduction.
Submit Form 15G or 15H to prevent TDS.
Interest up to ₹40,000 is exempt from TDS.

Higher TDS Rates

TDS becomes 10% if interest crosses ₹40,000.
Without a PAN card, banks deduct 20% TDS instead.

Keep your documents updated to avoid higher tax deductions.

DBS Bank Fixed Deposit Premature Withdrawal & Closure Rules

Banks charge a penalty when you withdraw your FD early. The penalty compensates the bank for premature closure. The amount depends on when you withdraw the deposit. DBS Bank Fixed Deposit follows specific terms and conditions set by the bank.

Typically, the penalty ranges from 0.5% to 1%. This charge is deducted from your interest rate. The earlier you withdraw, the higher the penalty becomes.

How to Withdraw Your DBS Bank Fixed Deposit Early

You can initiate premature closure either online or offline. Both methods are simple and convenient for customers.

Online Withdrawal Process

Log in to your internet banking account
Select the FD you want to close
Submit your withdrawal request online

Offline Withdrawal Process

Visit your nearest DBS Bank branch
Submit the required closure form
Carry your FD receipt and identity documents

The bank calculates the payable amount after deducting penalties. Your funds are transferred back to your account. The entire process completes within one working day. Plan your withdrawals carefully to minimise penalty charges.

How to Invest in DBS Bank Fixed Deposit

You can open a DBS Bank Fixed Deposit through digital channels. The digibank app and internet banking make the process simple. Follow these easy steps to start your investment today.

Step-by-Step Process:

Open the digibank app on your mobile device
Select 'Deposits' from the home screen menu
Tap on 'Fixed Deposit' to begin your application
Enter the amount you want to invest
Choose from the available fixed deposit plans offered
You can also select the 'Show All Plans' option
Enter a custom tenure if you prefer
Provide your maturity instructions to the bank
Add nominee details for your FD account
Give your DBS Bank Fixed Deposit a unique name
Tap 'Next' and review all the details
Agree to the terms and conditions provided
Your FD will be created successfully online
Receive confirmation by the next business day

Accessing Your FD Certificate

Go to the menu section in your app. Select 'Certificates' from your dashboard to view documents. You can download your FD certificate anytime you need. DBS Bank Internet Banking also allows you to invest easily.

Conclusion

DBS Bank Fixed Deposit offers secure investment options with competitive rates. Choose the right tenure based on your financial goals carefully. Compare rates with other banks before making your final decision. Start your DBS Bank Fixed Deposit journey today for guaranteed returns.

Bonus Tip: Submit Form 15G or 15H to avoid TDS deduction. This saves tax if your income is below ₹2,50,000. Keep your PAN card updated to prevent higher tax rates.

FAQs

Q1: Can I open multiple fixed deposits with DBS Bank?

Yes, you can open multiple FDs with different tenures and amounts.

Q2: Is my DBS Bank Fixed Deposit covered under deposit insurance?

Yes, deposits are insured up to ₹5,00,000 per depositor under DICGC.

Q3: Can I withdraw my FD before maturity?

Yes, premature withdrawal is allowed with penalty charges applied.

Q4: Can I take a loan against my DBS Bank Fixed Deposit?

Yes, the bank offers overdraft facilities against your FD up to 90% of the deposit value.