DBS RD Calculator for 2025 – Know Your Earnings

Monthly Amount -  Here, you need to enter the pre specified amount that you are going to invest on a monthly basis. It is also known as monthly installment. For instance, if you are willing to invest Rs.1,000 per month, then you have to enter Rs.1,000 in this section. 

Tenure  -  It is called RD term/ tenure/ duration for which you have a opened your RD account. This will be mentioned in months. As mentioned above, the RD tenure ranges from six months to 120 months. Thus, based, on your requirement, you need to enter the RD tenure in this space. 

Interest Rate  -  In this section, you have to enter the interest rate on RD provided by the DBS Bank. However, the interest rate may vary based on the tenure that you have selected.  

 How the DBS RD Calculator Displays Interest and Maturity Amounts

Once you have entered all the above-mentioned components in the respective sections, you need to click on the ‘Calculate’ button. The following are the output shown by the RD interest rate calculator: 

Deposit Amount - This section will show the overall amount deposited by the RD accountholder in the entire tenure. 

Maturity Amount - The maturity amount section will highlight the maturity value that you have earned on your RD after the completion of the tenure. The maturity value depends upon amount deposited, RD tenure, and interest rate. 

Interest Earned -  Here, you can see the total interest you will earn on the RD. Interest earned is basically the difference between deposited amount and maturity amount. 

Recurring Deposit (RD) vs Fixed Deposit (FD) 

FDs and RDs are similar in terms of their fixed income rate specified for a specific tenure. Also, the interest rate given at the time of account opening remains the same.  

On the other hand, FDs provide high returns than RDs. In case of  FD, we have to deposit the full amount at a time during the FD account opening. As a result, a bigger principle invests more time in collecting interest on an FD. With RDs, the subsequent installments have a shorter period of time to accrue interest. 

Even though FD have more benefits, people prefer investing in RDs as they do not need a lump sum amount from the depositors. It is recommended to invest in fixed deposit if you have a sizeable amount which you want to save. On the other hand, you can open an RD account with as little as Rs.100. 

 Benefits of Opening a Recurring Deposit with DBS Bank

The following are the key benefits of a recurring deposit: 

Attractive Interest Rate - One of the key benefits of a recurring deposit is its attractive interest rate which makes it the most ideal investment option as compared to a savings account.  

No Penalty - Earlier the account holders had to penalty if they miss out a monthly installment due. Now a days, banks have become more investor friendly as they do not charge any penalty on missing out a monthly installment. 

Start with a Feasible Amount - Recurring Deposit account can be opened by anyone because you can invest as little as Rs.100 per month.  

Easy Documentation  - If you already have a savings account with DBS Bank, you can easily open an RD account with zero documentation. The entire process becomes hassle free for the account holders. 

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score