This bank increased the interest rate
Interest rates are increased by banks from time to time. Once again DBS Bank India has increased the interest rates on fixed deposits of less than 2 crores. The new interest rates will be applicable from February 1st, 2023. Now the bank is getting the benefit of interest rate ranging from 2.50% to 6.50% for non-senior citizens and 5.25% to 7.00% for senior citizens.
This bank will get the benefit of 7.75% interest rate for senior citizens and 7.25% interest rate for non-senior citizens from 376 days to 600 days.
Getting this much interest rate
The bank offers interest rate of 2.50% on deposits maturing in 7 days, 2.75% interest rate on deposits maturing in 8 days and up to 60 days, 3.25% interest rate on deposits maturing in 61 days, 62 days and up to 180 days Interest rate of 3.00% for deposits maturing in 181 days to less than one year, 4.75% for deposits maturing in 365 days to less than one year and 6.25% for deposits maturing in 365 days to one year. Getting benefits.
While deposits maturing in 376 days to 600 days have a maximum interest rate of 7.25%, 6.50% for deposits maturing in 601 days to 5 years and above, fixed deposits maturing in 181 days to 5 years and above Getting higher rate of interest. Senior citizens are getting the benefit of 0.50% higher interest rate.