DBS Bank Recurring Deposit (RD) Interest Rates

Note : These interest rates are effective from 11 December 2023 and may change as per the Bank’s rules and regulations.   

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 8.00% 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  between 7.00%  p.a. and 7.50%  for both general, and between 7.50% and 8% p.a. for 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 6.5% p.a. for general citizens and 7% p.a. for senior citizens.

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