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Chennai, Nov. 19 DBS Bank has announced that it has hiked its interest rates for domestic and Non-Resident Ordinary (NRO) fixed deposits. Now, it will offer its customers an interest rate of 11.25 per cent on fixed deposits and senior citizens will get 11.75 per cent. These interest rates are offered for deposit maturity terms of 1 to 2 years for fixed deposit amounts below Rs 15 lakh, a press release from the bank said.

In addition to this, the bank is also offering various maturity options starting from 7 days to 180 days with different fixed deposit interest rates to suit the demands of its customers. For long-term deposits, it is offering an interest of 10 per cent for a maturity period of 2 to 5 years for ordinary fixed deposits and deposits for senior citizens. These interest rates are applicable for fixed deposit amounts below Rs 15 lakh.

More Stories on : Fixed Deposits | Interest Rates | Private Banks

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