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Business Standard
23-05-2025
- Business
- Business Standard
DBS Bank hikes savings rates by up to 5.5%: Here's what customers will get
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.
Mint
19-05-2025
- Business
- Mint
DBS Bank revises savings account rates, offers upto 5.5 per cent
DBS Bank India has revised its savings account interest rates across balance slabs, with the new structure offering one of the most competitive returns in the industry. The revised rates show the bank's continuous efforts to offer enhanced value to its customers, balancing safety and returns, while maintaining a forward-looking deposit strategy. Following the recent cuts in the repo rate, with multiple banks having lowered interest rates on savings accounts, the higher rate on the DBS Savings Account, makes it a uniquely attractive proposition for those looking to maximise their savings and grow their wealth. For customers residing in India, balances between ₹ 5 lakh and ₹ 50 lakh will now earn 5.50% per annum — a rate that is nearly twice as high as those being offered by many peer banks for the same balance slab. Amount (Rs) Interest Rate (%) Upto 2 lakh 2.75 2-5 lakh 3.25 5 -50 lakh 5.50 Above 50 lakh 4 DBS Bank India has a tiered rate structure, offering differentiated value as per the savings account balances for both domestic and non-resident account holders. For non-resident account holders, balances above ₹ 2 lakh will earn 3 per cent per annum, while balances up to ₹ 2 lakh will continue to earn 2.75% per annum. This timely proposition combines the convenience of a savings account with the advantage of significantly higher returns on certain balance tiers, creating a compelling reason to open a DBS Savings Account. The revised rate structure for a DBS Savings Account is also available on the bank's website which can be accessed here: This high-interest savings account can be opened digitally through the DBS digibank app. In 2024, DBS announced a pioneering, new feature for Non Resident Indians (NRIs) through which they could open a savings account digitally, setting the standard for a seamless account opening experience that can be completed within an hour and on-the-go. DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS is a financial services group in Asia with a presence in 19 markets. It is headquartered and listed in Singapore. For all personal finance updates, visit here
Mint
28-04-2025
- Business
- Mint
DBS Bank India Honoured as ‘Best Bank for Diversity and Inclusion' 2024 at Euromoney Awards for Excellence
DBS Bank India was named the 'Best Bank for Diversity and Inclusion' at the prestigious Euromoney Awards for Excellence 2024. Regarded as a global benchmark in the financial services industry, the Euromoney Awards for Excellence celebrate institutions that exhibit outstanding performance, innovation, and leadership. The recognition reaffirms DBS Bank India's continued efforts to champion an inclusive, equitable, and empowering workplace. With women currently representing 31% of its workforce in India, the bank remains on track to achieve its target of 35% female representation by 2026. Kishore Poduri, Managing Director and Country Head – Human Resources, DBS India, said, 'What differentiates DBS Bank India is our ability to translate our inclusion goals into real, measurable outcomes — supported by innovation, leadership commitment, and accountability. Being honoured by Euromoney is a reflection of the collective ownership our teams take in advancing diversity and leading with purpose. We have cultivated a workplace where diverse voices, backgrounds, and experiences are actively encouraged. This recognition reinforces our belief that when inclusion is authentic and deeply embedded, it drives lasting impact.' The bank's Diversity, Equity, and Inclusion (DEI) strategy is led by a dedicated council of senior leaders, backed by a task force and a network of DEI Champions. This leadership group plays a key role in promoting inclusive practices and enhancing the growth of underrepresented talent. A key initiative is ReImagine — a six-month internship tailored for women re-entering the workforce after a career break. The programme blends hands-on, project-based work with structured mentorship to help participants rebuild confidence, update their skills, and transition smoothly into professional roles. DBS Bank India has also implemented programmes to support employees at various career stages. The High-Potential (HiPo) Programme identifies and nurtures future leaders within the organisation, with women making up over a quarter of the most recent cohort. For senior women leaders, the LEAD initiative delivers bespoke development experiences, including engagement opportunities with prominent external experts. At the mid-career level, the MyPersona programme offers guided mentorship and skills-based development to address the unique goals and challenges women face at this stage. Technology is a major driver of development at the bank, and its AI/ML-powered platform, iGrow, equips employees with tailored career insights and learning paths. With an 83% adoption rate among women, iGrow has become instrumental in encouraging self-paced learning and career progression. Beyond skills and career growth, DBS Bank India is also focused on fostering a sense of community and belonging. The RISE Forum, launched in 2023, promotes engagement among women employees through book clubs and curated discussions. This is complemented by Lean-In Circles, safe spaces where colleagues share experiences, offer support, and celebrate one another's milestones. Enhancing its recruitment strategy, the Ref(h)er Programme — a referral-driven hiring initiative — was responsible for more than 43% of female hires in 2024, playing a key role in boosting gender representation across teams. Over the years, DBS Bank India has been recognised with some of the industry's most prestigious accolades. In 2024, it was listed among the 'Best Companies for Women in India' by Avtar and Seramount for the ninth consecutive year. In 2023, it received the 'Best Employer for Women' title from ASSOCHAM at the Diversity & Inclusion Excellence Awards. It also featured in Kelp HR's '25 Safest Workplaces for Women' list in 2024, as well as between 2020 and 2022. Furthermore, DBS was recognised by Kincentric as a 'Best Employer' for the fourth consecutive year, securing its place in the esteemed 'Best Employers Club' in 2024. About DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. In 2025, CRISIL Ratings reaffirmed its 'CRISIL AAA/Stable' rating on the corporate credit facility of DBS Bank India Ltd (DBIL). The rating on the certificate of deposits programme was also reaffirmed at 'CRISIL A1+'. Recognised for its global leadership, DBS has been named 'World's Best Bank' by Global Finance, 'World's Best Bank' by Euromoney and 'Global Bank of the Year' by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named 'World's Best Digital Bank' by Euromoney and the world's 'Most Innovative in Digital Banking' by The Banker. In addition, DBS has been accorded the 'Safest Bank in Asia' award by Global Finance for 16 consecutive years from 2009 to 2024. In 2025, DBS Bank India was recognised as the Best Bank for Corporate Banking and Best Bank for Corporate Cash Management in India by CRISIL - Coalition Greenwich. Reinforcing its commitment to responsible banking and business practices, DBS was also named Best Bank for Sustainable Finance – India by Global Finance in 2024 and Best Bank for Diversity & Inclusion – India by Euromoney in 2024. DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them 'Live more, Bank less'. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states. DBS is committed to building lasting relationships with customers as it banks the Asian way and understands the intricacies of doing business in the region's most dynamic markets. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit Rohini Rego, DBS Bank India, rohinirego@ +91-9930549207; Kashni Kadakia, Adfactors PR, +91-9820562269
Business Standard
28-04-2025
- Business
- Business Standard
DBS Bank India Honoured as 'Best Bank for Diversity and Inclusion' 2024 at Euromoney Awards for Excellence
BusinessWire India Mumbai [India], April 28: DBS Bank India was named the 'Best Bank for Diversity and Inclusion' at the prestigious Euromoney Awards for Excellence 2024. Regarded as a global benchmark in the financial services industry, the Euromoney Awards for Excellence celebrate institutions that exhibit outstanding performance, innovation, and leadership. The recognition reaffirms DBS Bank India's continued efforts to champion an inclusive, equitable, and empowering workplace. With women currently representing 31% of its workforce in India, the bank remains on track to achieve its target of 35% female representation by 2026. Kishore Poduri, Managing Director and Country Head - Human Resources, DBS India, said, "What differentiates DBS Bank India is our ability to translate our inclusion goals into real, measurable outcomes -- supported by innovation, leadership commitment, and accountability. Being honoured by Euromoney is a reflection of the collective ownership our teams take in advancing diversity and leading with purpose. We have cultivated a workplace where diverse voices, backgrounds, and experiences are actively encouraged. This recognition reinforces our belief that when inclusion is authentic and deeply embedded, it drives lasting impact." The bank's Diversity, Equity, and Inclusion (DEI) strategy is led by a dedicated council of senior leaders, backed by a task force and a network of DEI Champions. This leadership group plays a key role in promoting inclusive practices and enhancing the growth of underrepresented talent. A key initiative is ReImagine -- a six-month internship tailored for women re-entering the workforce after a career break. The programme blends hands-on, project-based work with structured mentorship to help participants rebuild confidence, update their skills, and transition smoothly into professional roles. DBS Bank India has also implemented programmes to support employees at various career stages. The High-Potential (HiPo) Programme identifies and nurtures future leaders within the organisation, with women making up over a quarter of the most recent cohort. For senior women leaders, the LEAD initiative delivers bespoke development experiences, including engagement opportunities with prominent external experts. At the mid-career level, the MyPersona programme offers guided mentorship and skills-based development to address the unique goals and challenges women face at this stage. Technology is a major driver of development at the bank, and its AI/ML-powered platform, iGrow, equips employees with tailored career insights and learning paths. With an 83% adoption rate among women, iGrow has become instrumental in encouraging self-paced learning and career progression. Beyond skills and career growth, DBS Bank India is also focused on fostering a sense of community and belonging. The RISE Forum, launched in 2023, promotes engagement among women employees through book clubs and curated discussions. This is complemented by Lean-In Circles, safe spaces where colleagues share experiences, offer support, and celebrate one another's milestones. Enhancing its recruitment strategy, the Ref(h)er Programme -- a referral-driven hiring initiative -- was responsible for more than 43% of female hires in 2024, playing a key role in boosting gender representation across teams. Over the years, DBS Bank India has been recognised with some of the industry's most prestigious accolades. In 2024, it was listed among the 'Best Companies for Women in India' by Avtar and Seramount for the ninth consecutive year. In 2023, it received the 'Best Employer for Women' title from ASSOCHAM at the Diversity & Inclusion Excellence Awards. It also featured in Kelp HR's '25 Safest Workplaces for Women' list in 2024, as well as between 2020 and 2022. Furthermore, DBS was recognised by Kincentric as a 'Best Employer' for the fourth consecutive year, securing its place in the esteemed 'Best Employers Club' in 2024. (ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
