|Tenure||Interest Rate||Interest Rates for Senior Citizens|
|91 days & up to 180 days||6.5||6.5|
|181 days & up to 269 days||7||7|
|270 days to less than 1 year||7||7|
|1 year to 15 months||7||7|
|15 months 1 day upto less than 2 years||7.1||7.1|
|2 year & less than 3 years||7.1||7.1|
|3 years & less than 4 years||7.1||7.1|
|4 years & less than 5 years||7.1||7.1|
|5 years and above||7.2||7.2|
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
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.
19th 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%.
2nd March 2016