Digibank reduced Intrest rates on Savings Accounts & Fixed deposits

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18 Comments  |  
11 Dimers
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Deal Subedar
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#DigibankDeals

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Deal Subedar
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Source:sms
Hi, earn up to 7% on FD & Savings balance with Digibank. For revised rates w.e.f. 16 Sep’19, visit https://go.dbs.com/in-d...nt . T&C apply. #SaveWithTheSafest

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Deal Cadet
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Upto 1 lac reduced from 5.5% to 5%
2 to 5 lac increased from 5 to 5.5%
Fd rates also reduced. Now 7% max.

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Deal Subedar
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No digibucks, less interest.

I wanna switch, any better options?

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Deal Subedar
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jambui wrote:

Upto 1 lac reduced from 5.5% to 5%
2 to 5 lac increased from 5 to 5.5%
Fd rates also reduced. Now 7% max.

Any better options you are aware of ?

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Deal Subedar
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aswaniexpress wrote:

IDFC ?

Yes as of now, IDFC is giving best interest rates on Savings Accounts

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Deal Subedar
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murari333 wrote:

Yes as of now, IDFC is giving best interest rates on Savings Accounts

How about FD rates?

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Deal Cadet
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sardasa wrote:

How about FD rates?

Period
Rate of Interest (%p.a.) w.e.f August 21, 2019 Less than INR 2 Crores

7 – 14 days
4.00%
15 – 29 days
5.00%
30 – 45 days
6.25%
46 – 90 days
6.50%
91 – 180 days
6.75%
181 days – less than 1 year
7.00%
1 year
8.00%
1 year 1 day – 2 years
8.00%
2 years 1 day – 5 years
7.50%
5 year 1 day – 10 years
7.25%

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Deal Subedar
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arunrush680 wrote:

Period
Rate of Interest (%p.a.) w.e.f August 21, 2019 Less than INR 2 Crores

7 – 14 days
4.00%
15 – 29 days
5.00%
30 – 45 days
6.25%
46 – 90 days
6.50%
91 – 180 days
6.75%
181 days – less than 1 year
7.00%
1 year
8.00%
1 year 1 day – 2 years
8.00%
2 years 1 day – 5 years
7.50%
5 year 1 day – 10 years
7.25%

1 year 8%? Which bank?

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Deal Cadet
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vickyVicky wrote:

Any better options you are aware of ?

Don’t know

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aswaniexpress wrote:

IDFC ?

Even IDFC will reduce later on.. we customers will just jump from one to other.

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Deal Cadet
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NewDimer1 wrote:

Even IDFC will reduce later on.. we customers will just jump from one to other.

They’ll not change till next year. Idfc & yes will continue to give btr rates compared to others even if reduced.

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arunrush680 wrote:

They’ll not change till next year. Idfc & yes will continue to give btr rates compared to others even if reduced.

Let’s see

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Pro Critic
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That’s what these banks do. Give better offers to lure in customers and stop when they fulfill their quota. There is no point in jumping from one bank to another. Soon the new bank will reduce the rate too.

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Roushh wrote:

That’s what these banks do. Give better offers to lure in customers and stop when they fulfill their quota. There is no point in jumping from one bank to another. Soon the new bank will reduce the rate too.

RBI has reduced the interest rate so all banks will eventually reduce

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Critic
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digibank still gives better FD rates in 30 to 180 days bracket than most other banks.
for someone maintaining between 3 to 5 lakhs in digibank SB, the effective in hand interest would be now more (0.5% less in first 1 lakh but 0.5% more for above 2 lakhs)

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