DBS Recurring Deposit Interest Rates
The Development Bank of Singapore (DBS) Bank is a leading financial services group in Asia across 19 markets that offers recurring deposit schemes to its customers. The current rate of interest ranges between 4.25% to 6.60% for regular customers and 4.25% to 7.10% for senior citizens per annum.
A Recurring Deposit (RD) offered by DBS Bank helps you grow your savings through fixed monthly investments and stable returns. Under this scheme, an RD account can be opened in just a few minutes. The bank offers flexible tenures and competitive interest rates starting from 4.25%. The scheme makes it easier to meet your financial goals and ensures your earnings remain secure and unaffected by market volatility.
Features and Benefits of DBS Bank’s Recurring Deposit (RD)
The key features and significant benefits of the recurring deposit offered by DBS Bank are given below:
- You can open multiple RD accounts, as DBS Bank does not set any limit or restrictions on the number of RD accounts you can hold.
- Senior citizens can earn 0.50% extra on regular rate of interest by submitting proof of identity and age.
- You can opt for daily, monthly, quarterly, or yearly interest payout options.
- The RD amount will be debited from your DBS Bank savings account at a chosen periodic interval.
- Every Recurring Deposit account with DBS Bank is covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for insurance protection of up to Rs. 5 lakh.
Documents Required
To open a Recurring Deposit account with DBS Bank, the following documents are needed:
For Individuals
- Valid identity proof such as Passport, Voter ID, PAN, Aadhaar, or Driving Licence.
- Address proof (can be the same as above or documents, such as a utility bill, bank statement, etc.).
- A passport-size photograph (if not already provided for the linked account).
For Senior Citizens
To qualify for the additional 0.50% interest rate benefit, provide any one of the following documents as age proof:
- Aadhaar
- PAN
- Voter ID
- Passport
Interest Rates offered on DBS Bank’s Recurring Deposit
DBS Bank believes in guaranteeing maximum returns to its customers. Hence, the Recurring Deposit interest rates are same as that of the term deposit rates. Please contact the nearest DBS branch to know more about the interest rates offered on Recurring Deposit.
Tenure | Regular | Senior Citizen |
91 to 180 days | 4.25% | 4.25% |
181 days | 5.00% | 5.50% |
182 to 189 days | 5.80% | 6.30% |
190 to 269 days | 5.80% | 6.30% |
270 to less than 1 year | 6.00% | 6.50% |
1 year to 375 days | 6.30% | 6.80% |
376 days to 540 days | 6.60% | 7.10% |
541 days to 599 days | 6.60% | 7.10% |
601 days to less than 2 years | 6.50% | 7.00% |
2 years to less than 2 years 6 months | 6.40% | 6.90% |
2 years & 6 months | 6.40% | 6.90% |
2 years 6 months 1 day to less than 3 years | 6.40% | 6.90% |
3 years and less than 4 years | 6.40% | 6.90% |
4 years to less than 5 years | 6.40% | 6.90% |
5 years and above | 6.25% | 6.75% |
Note: The above-mentioned rate of interest is effective from 14 November 2025.
How to Open a DBS Bank RD Account?
Opening a Recurring Deposit with DBS Bank is quick, digital, and paperless for existing customers. Steps to open an RD online are mentioned below:
- Log in to either DBS Net Banking or the DBS digibank app.
Navigate to ‘Open Deposit Account’ or ‘Open a Recurring Deposit’.
- Enter your chosen deposit amount and tenure.
- Select the debit account for deduction.
- Set up automatic monthly payments.
- Review the details and submit the request.
Your RD account is created instantly, and confirmation is sent via SMS and email.
Contact Details
Interested individuals can call on the following numbers to apply for a Recurring Deposit Account:
- Indian customers: 1860 210 3456 or 1860 267 4567
- Overseas customers: +91 44 6685 4555
- Email: customercareindia@dbs.com
- You can also reach out to the customer care center by writing to them through online form available on their official website on the ‘Customer Care’ page.
FAQs on DBS Bank RD
- What is the minimum deposit tenure to open a recurring deposit.
The minimum deposit tenure is six months for recurring deposits in DBS Bank.
- What percentage of RD interest is tax deductible?
Up to Rs.10,000 of RD interest is tax-free. TDS is deducted if the interest earned is greater than Rs.10,000. The TDS deducted will be 10% on the interest earned exceeding Rs.40,000 and Rs.50,000 for regular customer and senior citizens, respectively.
- Do I need to invest a lump sum upfront to open a recurring deposit at DBS Bank?
No, one of the benefits of investing in RD is that you do not need a huge amount of money.
- Can I start a recurring deposit at DBS Bank online?
Yes, you can apply for a DBS Bank RD account online by logging into your DBS Bank net banking account. Please fill in the application form by entering the required details and setting up the RD amount for auto-deduction. Submit the form to confirm your application.
- What is the minimum monthly deposit amount you need to have a recurring deposit with DBS Bank?
You can open a recurring deposit of Rs.100 per month at DBS Bank.
- Can I break my RD anytime?
Yes, you can close your RD account prematurely. Premature closure charges and penalty charges may apply depending on the bank policy.
- Can we deposit a different amount every month in RD?
No, you cannot deposit a different amount to your RD account every month. The amount deposited as first investment on the opening month will be considered which will be auto deducted from your DBS Bank savings account every month on the same date as mentioned in your application.
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