Change Fixed Deposit Maturity Instructions

Learn how you can change Maturity Instructions for DBS Fixed Deposit Account via digibank online and digibank mobile.

Important information

  • Change of maturity instructions will not be allowed on the day of maturity. The principal and interest will be renewed automatically based on the same tenor at the prevailing interest rate, unless you provide us with other instructions at least 1 working day before the maturity via digibank.
  • SGD Fixed Deposit interest rates for new placements and renewals will be computed based on the Total SGD Fixed Deposit Balances, instead of each placement and/or renewal.
    • My Fixed Deposit account has 2 placements which sum up to S$100,000 (S$30,000 + S$70,000). What is the applicable interest rate for each renewal?
      The total Fixed Deposit account balance is S$100,000 (S$30,000 + S$70,000). Hence, interest rate corresponding to the $100,000 - $249,999 range will apply.


    • I have an existing placement of S$50,000 in my single name Fixed Deposit account and another S$50,000 in a joint Fixed Deposit account. What is the applicable interest rate for each renewal?
      The placements are in different SGD Fixed Deposit accounts. Hence, interest rate corresponding to the $50,000 - $99,999 range will apply for each renewal.


  • Foreign Currency Fixed Deposit interest rates for new placements and renewals will be based on prevailing interest rates.
  • Learn more on the Fixed Deposit placement rates.
  • For earmarked Fixed Deposits, please visit any DBS/POSB branch to update your maturity instructions.

How to change Fixed Deposit maturity instructions

There are various channels which you may change Fixed Deposit maturity instructions with us. The most convenient method would be via digibank mobile.

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Step 1
Log in to your digibank mobile with your Touch / Face ID or digibank User ID & PIN.
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Step 2
Select Deposits and tap on your Fixed Deposit Account.
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Step 3
Select the Fixed Deposit that you wish to change maturity instructions for.
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Step 4
Tap Change Maturity Instruction.
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Step 5
Select your preferred Maturity Instruction and tap Next.
  • For Withdraw Principal and Interest and Renew Principal and Withdraw Interest instructions, select the account for proceeds to be credited to.
  • For foreign currency placements, you can choose to credit proceeds into your SGD or foreign currency wallet upon maturity.
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Step 6
Review the details and tap Submit to complete the placement.
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1
Step 1
Log in to digibank online with your User ID & PIN.
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Step 2
Complete the Authentication Process.
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Step 3
Select Request and click on More Requests.
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Step 4
Under Other Services, select Change Fixed Deposit Maturity Instruction.
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Step 5
Select your Fixed Deposit Account that you wish to change maturity instructions for and select the Deposit Number to change its maturity instruction.
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Step 6
Select your preferred Maturity Instruction.
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Step 7
Tick on the Agreement Box and click Next.
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Step 8
Verify the details and click Submit to complete the changes.
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For customers with ATM/Debit/Credit Card

  • Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.
  • Under Home, tap on Investment Accounts.
  • Under Summary, tap on Cash and Cash Investments.
  • Select Deposit and tap on your Fixed Deposit account.
  • Tap Change Maturity Instruction and select your preferred Maturity Instructions.
  • Verify the details and tap Submit to update your new Fixed Deposit Maturity Instructions.
  • Log in to DBS digibank online with your User ID and PIN.
  • Complete the Authentication Process.
  • Under Wealth Management, select Portfolios.
  • Select Holdings, and you can find your Fixed Deposit under Asset Class View > Cash, or
    Asset Type View > Cash and Cash Investment > Deposit.
  • Under Actions, click on the edit icon to change Fixed Deposit maturity instructions.
  • Update your new instructions and click Next to proceed.
  • Review details and click Submit to confirm changes.
  • Update your new instructions and click Next to proceed.
  • Review details and click Submit to confirm changes.

More information

  • For matured fixed deposits, the principal and interest will be credited into your designated account on the date of maturity.
    If the designated account is closed before/on the date of maturity, the principal and interest will renew with the same tenor at the prevailing interest rate at day end of the maturity date.
  • For Wealth Management Account (WMA) holders, the principal and interest amount will be credited to the source, MCSA (S-account) wallet upon maturity, according to your maturity instructions during placement.
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