DBS Bank today hiked deposit rates by 100-125 basis points to mobilise funds to meet strong credit demand from customers.
The Singapore-based bank, which has six branches in the country, will offer depositors an interest rate of 11.25 per cent and 11.75 per cent for senior citizens.
"This will provide a very competitive opportunity to DBS Bank customers, who can now benefit from the best interest rates offered by any bank in India," the bank said in a release.