|Tenure||Regular - Less than Rs.1 Crore (%)||Senior Citizens – Less than Rs.1 Crore (%)|
|91 days & up to 180 days||5.75||5.75|
|181 days & up to 269 days||6||6|
|270 days to less than 1 year||6.1||6.1|
|1 year to 15 months||6.3||6.3|
|15 months 1 day upto less than 2 years||6.3||6.3|
|2 year & less than 3 years||6.5||6.5|
|3 years & less than 4 years||6.5||6.5|
|4 years & less than 5 years||6.6||6.6|
|5 years and above||6.7||6.7|
Get the Highest Interest Rates on DBS Bank Recurring Deposit
If you are looking for a recurring deposit scheme which offers very high interest rates on the investments, DBS Bank is your destination. The bank offers a very attractive recurring deposit scheme, allowing its depositors a chance to save money by providing interest rates similar to those offered on term deposits. People can deposit a minimum of Rs.1000 for a period of 6 months to 5 years and above using a DBS Bank recurring deposit account.
DBS Bank Short-Term Recurring Deposit Interest Rates
Customers of DBS Bank can open a short- term recurring deposit account for a period of 91 days - up to 180 days and 181 days - up to 269 days. The interest rate offered by the bank on short- term deposits of less than Rs.1 crore is 6.5% and 6.7%.
DBS Bank Medium and Long Term Recurring Deposit Interest Rates
Customers of DBS Bank are also allowed to open medium term and long term recurring deposit accounts. The medium term recurring deposit account can be opened for 2 years to less than 3 years and the long term recurring deposit account can be opened for 3 years to 4 years and above.
The interest rate offered by the bank on medium term deposits less than Rs.1 crore is 6.9% per annum and the interest rate offered on long term deposits less than Rs.1 crore ranges between 7.00% and 7.2% per annum.
DBS Bank Senior Citizen Recurring Deposit Interest Rates
Senior Citizens also have the option of opening a short, medium or long term recurring deposit account with DBS Bank. This account provides them with a very good opportunity to earn attractive rates of interest on their savings.
The interest rate offered by DBS Bank to senior citizens on their short- term deposits ranges between 6.5% percent and 6.8% per annum. The bank offers them a 6.9% percent interest rate per annum on their medium term deposits and on their long term deposits, it offers them an interest rate which ranges between 7.00% and 7.2% per annum. These rates apply on deposits that are less than Rs.1 crore.
More you need to know about Recurring Deposit
- Compare Recurring Deposit Interest Rates of DBS Bank with Other Banks and Institutions
- Check Features and Schemes of DBS Bank Recurring Deposit