IDBI Bank And DBS Bank Most recently there are private sector lenders increasing their fixed deposit interest rates, IDBI Bank has increased the interest rates on fixed deposits of less than Rs 2 crore with effect from July 14, 2022. DBS Bank has increased the interest rates on its fixed deposits with effect from July 15, 2022.

IDBI Bank FD Interest Rates

Domestic fixed deposits maturing in 6 months 1 day to 270 days will now have to pay interest at the rate of 4.50 percent. Fixed deposits maturing in less than 1 year to 18 months will now attract an interest rate of 5.35 percent. An interest rate of 5.40 per cent will be offered for tenures ranging from 18 months to less than 30 months and 5.50 per cent for tenures ranging from 30 months to less than 3 years.

DBS Bank FD Interest Rates

DBS Bank India has increased the interest rates on FDs by 10 to 50 basis points.

In addition, senior citizens will get 50 basis points (bps) more than the new rates for deposits of six months or more.

DBS Bank FD Interest Rates For the tenure of 269 days applicable for general public, the tenure of 269 days has been increased by 150 basis points to 4.75 per cent from the earlier 3.25 per cent. For tenures ranging from 270 days to less than 1 year, the rates have been increased by 100 basis points to 4.75 per cent, while for tenures between one year to 375 days, the rates have been increased to 5.65 per cent, which is 35. basis points increase.

The FD interest rate will increase by 6 percent for tenures ranging from two years to less than three years. Over three years or equal to five years, DBS Bank FD interest rates have been increased to 6.75 per cent from the earlier 6 per cent.