DBS Bank hikes FD charges by 10-50 bps

DBS Bank India on Friday introduced the revision of charges on its Fixed Deposits (FDs). The charges have been revised upwards from 10 to 50 foundation factors (one foundation level is one-hundredth of 1 share level).

Short tenure FDs have seen a better improve in charge. For occasion, rate of interest on 7-days FDs under ₹2 crore noticed the best improve of fifty bps with the revised rate of interest standing at 4.5%.

“In addition, senior residents will obtain 50 bps over and above the brand new charges for deposits over 6 months,” the financial institution stated in its assertion.

This is how the FD charges look

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DBS FD charges

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