DBS Bank RD Interest Rates

What is DBS Bank Recurring Deposit?

The DBS Bank recurring deposit is a unique term deposit that allows you to invest a fixed amount each month. It's a safe investment that can help you earn a decent income. You can earn sufficient interest, which will be compounded monthly. The DBS Bank RD is flexible, and you can open it conveniently on the Digi Bank app or the internet portal. You can also use the RD Calculator to estimate accurate returns.

DBS Bank RD Interest Rates

The following table provides the RD interest rates for deposits below ₹3 crore for various tenures:

*DBS Bank RD Interest rates w.e.f 14th November, 2025.

Key Features of DBS Bank Recurring Deposit

The DBS Bank has several features which help you save regularly each month. Key features include the following:

• Flexible Payments: The DBS Bank RD deposit has an essential feature of flexible payments, where customers can choose between daily, monthly or quarterly RD periods. Also, your selected amount will be automatically debited from your DBS Bank savings account. The flexibility allows you to align your savings with long-term and short-term objectives.
• Low Minimum Investment: One of the most user-friendly ways is that you can start an RD in DBS Bank with a minimum investment. The investment can be as minimum as ₹100, which is suitable for all income groups.
• Competitive Interest Rates: The bank provides competitive RD rates for regular citizens and some added privileges for senior citizens. The DBS Bank senior citizen RD interest rate is typically 0.50% higher than the regular rate, depending on the tenure selected.
• Loan Against RD: The DBS Bank loan against RD allows investors to avail 95% of the amount invested in their RD as a loan.
• Secure Investment Option: DBS Bank recurring deposits are seen as a safe investment option because they come with guaranteed returns. Plus, your deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation, giving you extra peace of mind.
• Premature Withdrawal Facility: You have the choice to close your RD before it matures if required. The DBS Bank premature withdrawal facility allows customers to use their recurring deposit before it matures. Just keep in mind, there may be certain charges or a lower interest amount than what you expected.

How to Open a DBS Bank RD?

Opening a DBS Bank RD account is convenient both electronically and manually. You can open the account online and offline as follows:

Online Method

You can easily open an RD account in DBS Bank online as follows:

• Log in: Log in to the DBS Bank's net banking portal or open the DBS digibank app.
• Select RD option: Navigate the option labelled open deposit account or open a recurring deposit.
• Enter details: Enter your preferred deposit amount and tenure
• Link account: Set up the debit account and enable standing instructions for automated monthly contributions.
• Review and submit: Review all entered details carefully.
• Account activation: Confirm and submit your request for the account to be activated.

Offline Method

You can easily open an RD account offline using the following steps:

• Branch visits: Visit the local bank branch in your area.
• Fill form: Fill in the RD application form.
• Submit documents: Submit the necessary KYC documents.
• Choose details: Select the instalment amount and tenure
• Deposit initial instalment: Pay the first monthly instalment.
• Set Instructions: Provide payment or standing instructions
• Account activation: The DBS bank opens the RD account and provides confirmation

Eligibility Criteria for DBS Bank RD

Many types of customers open an RD account with the DBS Bank. The following is the criteria to open an RD account.

• Individual account: The applicant must be a resident individual and can open a savings or current account with DBS Bank.
• Joint account: The joint account can be opened by two or more individuals, and KYC compliance is required for all joint holders. The mode of operation should be mentioned carefully. All Joint account holders should comply with the terms and conditions.
• Minors: An RD account can be opened in the name of a minor, but it must be operated by a parent or legal guardian. KYC documents of both the minor and the guardian are required. Once attained majority the minor account will be updated with fresh KYC.

Key Takeaways

The DBS Bank offers a range of recurring deposit schemes for both long-term and short-term savings. RD Interest Rates range from 4.25% to 6.60% for regular citizens and 4.25% to 7.10% for senior citizens. The rates you get depend on the period of savings which ranges from 6 months to 10 years. The bank also offers fixed deposits, suitable for risk-averse investors. Check DBS Bank FD interest rates for a comparison.