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DBS Bank Recurring Deposit Interest Rates 2020

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The process to open a Recurring Deposit (RD) with DBS Bank is very simple. The rate of interest offered by the bank ranges between 6.25% and 6.5% p.a. DBS Bank offers the same interest rates for general and senior citizens. The minimum amount that must be deposited to open an RD account is Rs.1,000. The tenure of the account ranges between 6 months and 5 years.

Listed below are the interest rates offered by the bank on recurring deposits for less than Rs.2 crore:

Tenure General Public Senior Citizens (%)
181 days and up to 269 days 6.25 6.25
270 days but less than 1 year 6.5 6.5
Above 1 year and up to 375 days 6.5 6.5
376 days but less than 2 years 6.25 6.25
Above 2 years but less than 2 years and 6 months 6.25 6.25
2 years and 6 months 6.25 6.25
2 years 6 months 1 day but less than 3 years 6.25 6.25
Above 3 years but less than 4 years 6.5 6.5
Above 4 years but less than 5 years 6.5 6.5

DBS Bank Short-Term Recurring Deposit Interest Rates

Short-term recurring deposits are those which have a tenure that ranges from 181 days to 15 months. General citizens are offered the highest interest of 7.50% p.a. when it comes to short-term deposits. Citizens above the age of 60 years are offered the same interest rates as general citizens. It ranges from 6.50% to 7.50% p.a.

DBS Bank Medium Term Recurring Deposit Interest Rates

Tenures which range from 15 months 1 day to less than 36 months fall under the bracket of medium-term RDs. The rate of return offered by DBS bank on medium-term RDs is 7% p.a. for both general and senior citizens.

DBS Bank Long Term Recurring Deposit Interest Rates

Deposits made for a tenure that is above 36 months falls under long-term recurring deposits. Under long-term RDs, the maximum tenure you can opt for opening an RD account with DBS bank is 5 years. The interest offered by the bank for such tenures is 7% p.a.

More you need to know about Recurring Deposit

Read More Articles On RD

News About DBS Bank Recurring Deposit

  • Revised DBS Bank Recurring Deposit Rates

    DBS Bank has yet again updated the interest rates applicable on its portfolio of Recurring Deposits (RD) accounts. The changes are listed herein:

    RD tenure ranging upto 6 months (91 days & upto 180 days) is now worth 6.5% p.a. Earlier, this rate stood at 7.00% p.a.

    6.7% p.a is the interest rate that corresponds to tenures ranging from 181 days upto 269 days. This stood at 7.25% p.a earlier.

    For tenures ranging from 270 days to 2 years, the latest RD interest rate is 6.80% p.a. This corresponds to tenure slabs of 270 days- 1 year, 1 year- 15 months and 15 months- less than 2 years.

    6.90% p.a is what an RD with tenure from 2 years- less than 3 years is worth to an investor. Earlier, the rate stood at 7.30% p.a.

    For tenures ranging from 3 years to less than 4 years, the applicable interest rate has been modified to 7.00% p.a as compared to 7.40% p.a that was applicable earlier.

    Tenures from ‘4 years- less than 5 years’ and ‘above 5 years’ command an interest rate of 7.10% (updated from 7.45% p.a) and 7.20% p.a (updated from 7.50% p.a) respectively.

    19 April 2016

  • DBS Bank Recurring Deposit Rates Revised

    DBS Bank’s Recurring Deposits rates have been revised. The interest rate for Recurring Deposits with a tenure up to 6 months is now 7%.

    The rate for a tenure between 190-269 days is now 7.25% (old rate being 6.9%). The rate for 1 year- 1 year 3 months is now 7.9% (from the old rate of 6.9%).

    The rate for a tenure of 1 year 3 months 1 day- below 2 years is now 7.2% (the old rate was 6.9%).

    The rate for the tenure 2 years- below 3 years is now 7.3% (the old rate was 7%).

    The rate for RD with tenures 3 years-below 4 years is now 7.4% (the old rate being 7.1%).

    Tenures between 4 years to below 5 years will now receive 7.45% interest (the old rate was 7.2%).

    The bank has introduced a new tenure, of 5 years and above. The interest for this tenure is 7.5%.

    2 March 2016

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