DBS Bank India revises savings account rates; offers up to 5.5% interest

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Customers with domestic savings between ₹5 lakh and ₹50 lakh will now earn 5.50% interest per annum

Mumbai: DBS Bank India has increased its savings account interest rates across different balance slabs, offering one of the highest rates in the banking industry.

Customers with domestic savings between ₹5 lakh and ₹50 lakh will now earn 5.50% interest per annum. This is nearly double the rate offered by many other banks for the same balance slab, the lender said in a statement.

The bank offers a tiered rate structure for both resident and non-resident account holders.

Up to ₹2 lakh: 2.75%

Above ₹2 lakh to ₹5 lakh: 3.25%

Above ₹5 lakh to ₹50 lakh: 5.50%

Above ₹50 lakh: 4.00%

NRI savings account interest rates:

Up to ₹2 lakh: 2.75%

Above ₹2 lakh: 3.00%

Customers can open the high-interest DBS Savings Account digitally via the digibank app, which also supports over 250 banking services. For NRIs, DBS introduced a fully digital account opening process in 2024, allowing them to open an account within an hour.

DBS Bank has been named the ‘Safest Bank in Asia’ by Global Finance for 16 consecutive years (2009–2024). In 2025, CRISIL reaffirmed its highest ‘AAA/Stable’ rating on the bank’s corporate credit facility, the lender said.