DBS Bank: 4.75 percent interest will be available on 1 year FD in this bank, know 10 years return

 DBS Bank: 4.75 percent interest will be available on 1 year FD in this bank, know 10 years return

DBS FD Interest Rates: behind the increase in the repo rate by the Reserve Bank of India, almost all the banks have started expand the interest rates. personal sector DBS Bank has expand the interest rates on FDs. Now the interest rates on fixed deposits (FDs) deposited in the bank have as well as been expand . On the other hand, the interest rate on the loan has been expand .


New rates applicable from July 15

The new rates of DBS Bank have become helpful from 15 July 2022 of this month. The bank has expand the interest rates on FDs of less than 2 crores. DBS Bank has FD plans of minimum 7 days and up to 10 years. The bank has increased its FD rates by 20 to 150 basis points for tenors ranging from 181 days to 10 years.


DBS Bank new interest rates

Now DBS Bank will get 3.25% interest on Fixed Deposits with a tenure of 181 days to 269 days, while the interest rate on FDs grow from 270 days to less than 1 year will be 4.75%. At the same time, the interest rate on this for a time of 1 year to less than 375 days will be 5.65%, for a tenure of 2 years to less than 3 years, the interest rate will be 6.75% and on FD with a tenure of up to 5 years.

These banks have already increased

Let us tell you that SBI, Axis Bank, Indian aboard Bank, Punjab & Sind Bank, IDBI Bank have increased their FD rates. This process of rocket these increased rates has started after the increase in the repo rates of RBI.

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