DBS Bank Increases Interest Rates On Retail Fixed Deposits

DBS Bank has hiked interest rate on retail fixed deposits under Rs. 2 crores. According to the bank’s website, the revised interest rates have become effective from October 18, 2022. The bank presently offers standard interest rates on deposits expiring in 7 days to 5 years or more that vary from 2.50% to 6.25%. On deposits that are presently due in 541 days or less than three years, DBS Bank will offer a maximum interest rate of 6.5…