Question 1

What is the current interest rate of RD in DBS Bank?

Accepted Answer

As of today, November 29, 2024, the current DBS Bank RD rates range from 3.00% to 7.50%  for general citizens and from 3.00% to 8.00% for senior citizens.

Question 2

How to open rd account in DBS Bank?

Accepted Answer

DBS Bank RD account can be opened with a minimum deposit of Rs. 100 with tenure ranging 6 Months to 10 Years. DBS Bank recurring deposit account can be opened online or by visiting DBS Bank branches with any ID proof like PAN card, Aadhar card, voter ID, or driving licence etc.

Question 3

How to close rd in DBS Bank?

Accepted Answer

You can close your RD a/c online through "Close A/c" tab or by visiting the branch, this may cost you a penalty. The current premature closer penalty in DBS Bank RD is 1% of deposit.

Question 4

How to calculate maturity and interest in DBS Bank recurring deposit ?

Accepted Answer

The maturity amount in DBS Bank recurring deposit account can be calculated by using A = P x(1 + R / N) ^ (NT) formula.Where: A: Maturity Amount 
        P: Recurring Deposit Amount 
        N: Number of times the interest is compounded 
        R: annual interest rate 
        T: Tenure 
        Example: 
            If you open recurring deposit account at the DBS Bank for 5 years and planed to invest INR 50,000.The current DBS Bank RD interest rate for 5 year is 0.So using the above formula the maturity amount will be - Rs. -.

Question 5

What is DBS Bank RD interest rates for 1 year in 2024 ?

Accepted Answer

The DBS Bank recurring deposit for 12 months or 1 year is 7.75% for senior citizen and 7.25% for others.

Question 6

What are the limits on the minimum and maximum deposits?

Accepted Answer

The DBS Bank RD account can be opened with as low as INR Rs. 100 per month. Also, there is no limit on the maximum amount for investment in a DBS Bank RD.

Question 7

What is the current highest DBS Bank rd interest rates?

Accepted Answer

The current highest DBS Bank rd rate is 7.50% p.a. for normal citizen and 8.00% p.a. for senior citizens in India.

Tenure	Normal Citizen RD Rate	Senior Citizen RD Rate
3 Months to 6 Months	3.00%	3.00%
6 Months to 9 Months	4.75%	5.25%
9 Months to 1 Year	4.75%	5.25%
1 Year to 2 Years 6 Mohts	7.25%	7.75%
2 Year 6 Months to 3 Years	7.50%	8.00%
3 years to 10 years	6.50%	7.00%

Investment Amount	For 3 years with interest of -
₹ 50,000	₹
₹ 1 lakh	₹
₹ 2 lakh	₹
₹ 5 lakh	₹
₹ 10 lakh	₹


Maturity Amount	₹ -	₹ 3,02,621
Total Investment Amount	₹ 3,00,000	₹ 3,00,000
Total Interest Gained	₹-	₹ 2,621

Bank Name	RD Interest Rates
Punjab National Bank	4.40% to 6.50%
City Union Bank	5.75% to 6.50%
BOI Bank	4.50% to 6.50%
Canara Bank	5.25% to 6.90%
Indian Bank	3.50% to 6.70%
BOB Bank	4.50% to 7.05%
Central Bank of India	4.50% to 6.75%
Karur Vysya Bank	6.00% to 7.00%
Union Bank of India	4.30% to 6.70%
Tamilnad Mercantile Bank	5.75% to 7.00%
Karnataka Bank	5.25% to 7.00%
Dhanlaxmi Bank	6.50% to 6.75%
South Indian Bank	4.50% to 6.50%
Federal Bank	5.00% to 7.30%
Bank of Maharashtra	4.50% to 6.00%
Indian Overseas Bank	4.50% to 6.80%
UCO Bank	4.50% to 6.50%
RBL Bank	4.75% to 7.50%
State Bank of India	4.50% to 7.00%
IDBI Bank	4.50% to 6.80%
Axis Bank	4.75% to 7.10%
HDFC Bank	4.50% to 7.10%
ICICI Bank	4.75% to 7.00%
Indusind Bank	4.75% to 7.50%
Kotak Mahindra Bank	4.00% to 7.10%
Yes Bank	5.00% to 7.75%
Bandhan Bank	4.50% to 7.25%
IDFC First Bank	5.00% to 7.50%
Equitas Small Finance Bank	7.25% to 8.20%
Capital Small Finance Bank	4.75% to 7.15%
Ujjivan Small Finance Bank	4.75% to 7.50%
Fincare Small Finance Bank	5.75% to 8.25%
ESAF Small Finance Bank	5.25% to 8.50%
North East Small Finance Bank	4.00% to 7.50%
Suryoday Small Finance Bank	5.00% to 8.50%
Utkarsh Small Finance Bank	6.50% to 8.00%
Jana Small Finance Bank	4.00% to 8.50%
Post Office	6.90% to 7.50%

Dbs Bank RD Interest Rates