Recurring Deposit
Dbs Bank RD Interest Rates

Dbs Bank RD Interest Rates

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DBS Bank RD Interest Rates Oct 2024

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%

Note: All interest rates shown above are as on 1st November 2023

DBS Bank RD Scheme Details

Tenure	6 Months to 10 Years
Public Interest Rates	3.00% to 7.50%
Senior Citizen Interest Rates	3.00% to 8.00%
Minimum Deposit Amount	Rs. 100
Premature Withdrawal	1% of deposit
Highest Rates for Public	7.50%
Highest Rates for Senior Citizen	8.00%

DBS Bank Returns Based on Investment Amount

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

Compare DBS Bank vs Punjab National Bank Recurring Deposit

Punjab National Bank


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

Compare RD Interest Rates of Other Banks

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%

Frequently Asked Questions

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

The current highest DBS Bank RD rates for general citizen range from 3.00% to 7.50% and for senior citizen it ranges from 3.00% to 8.00% today 2024-10-22

How to open rd account in DBS Bank?

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.

How to close rd in DBS Bank?

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.

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

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. -.

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

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

Calculate DBS Bank Returns

Investment Amount

Investment Period (in months)36

Interest Rate3.2 %

₹1,00,000

Total Investment

Wealth Gained

₹0

Maturity Amount

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