Home / Finance / Personal Finance / DBS Bank hikes savings rates by up to 5.5%: Here's what customers will get

DBS Bank hikes savings rates by up to 5.5%: Here's what customers will get

DBS Bank says interest-calculation method ensures that customers benefit from daily fluctuations in their account balances

After RBI issued a framework to convert foreign banks’ branches into subsidiaries in 2013, only DBS Bank and State Bank of Mauritius had received in-principle nod to adopt this route.

Amit Kumar New Delhi

2 min read Last Updated : May 23 2025 | 1:39 PM IST

Listen to This Article

DBS Bank India has revised its savings account interest rates from May 9. This revision is beneficial for individuals maintaining account balances from Rs 5 lakh to Rs 50 lakh, said DBS Bank.

Interest rate of DBS Bank in 2025

The updated interest rates are structured in a tiered manner, ensuring that customers earn returns commensurate with their account balances:

Up to Rs 2 lakh: 2.75 per cent per annum
Above Rs 2 lakh to Rs 5 lakh: 3.25 per cent per annum
Above Rs 5 lakh to Rs 50 lakh: 5.50 per cent per annum
Above Rs 50 lakh: 4.00 per cent per annum

This tiered approach allows customers to maximise their earnings, especially those with mid-range deposits, said the bank.

Interest calculation for DBS savings accounts

DBS Bank calculates interest on a daily balance basis, crediting the accrued interest quarterly. This method ensures that customers benefit from the daily fluctuations in their account balances, leading to potentially higher returns over time.

How DBS Bank latest interest rates change helps account holders

The revised rates are particularly advantageous for customers maintaining balances between Rs 5 lakh and Rs 50 lakh, who will now earn 5.50 per cent per annum, a rate significantly higher than many competitors. This move comes at a time when several banks have reduced their savings account interest rates.

For non-resident account holders, the bank has set the interest rate at 3.00 per cent per annum for balances above Rs 2 lakh, while balances up to Rs 2 lakh will continue to earn 2.75 per cent per annum.