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DBS Bank Recurring Deposit Interest Rates 2019

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DBS bank offers you the option of opening a RD account with them. The rate of interest offered by the bank is in the range of 6.5% to 7% p.a. DBS bank offered general and senior citizens the same interest rates for depositing money in an RD account. An RD account can be opened with DBS bank for a minimum monthly instalment of Rs.1,000. The tenures offered by the bank ranged from 6 months to 5 years.

Listed below are the interest rates offered by the bank on recurring deposits:

Deposit tenure Interest rate for General citizens (p.a.) Interest rate for Senior Citizens (p.a.)
181 days to 269 days 6.50% 6.50%
270 days to less than 12 months 6.75% 6.75%
12 months to 15 months 7.50% 7.50%
15 months 1 day to less than 24 months 7% 7%
24 months to less than 30 months 7% 7%
30 months 7% 7%
30 months 1 day to less than 36 months 7% 7%
36 months to less than 48 months 7% 7%
48 months to less than 60 months 7% 7%
60 months 7% 7%

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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