Digibank reduced Intrest rates on Savings Accounts & Fixed deposits

#DigibankDeals

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

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.

I wanna switch, any better options?

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.

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)