DCB Bank Recurring Deposit Schemes & Interest Rates

High-Interest Rates on DBS Bank Recurring Deposit

DBS Bank provides the highest interest rate on the Recurring Deposit Account. The DBS Bank has high earning RD schemes which offer the highest interest rates to the depositors, which are the same as the term deposit schemes of this bank. The minimum amount that can be deposited in a DBS account is 1000 rupees for a period of 6 months to 5 years.

DBS Bank Short-Term Recurring Deposit Interest Rates

The customers can open a DBS Bank short-term Recurring Deposit account for 91 days-180 days and 181 days-269 days. For these tenures, the interest rate applicable is 6.5% and 6.7% for deposits amounting to less than a crore.

DBS Bank Medium and Long-Term Recurring Deposit Interest Rates

DBS Bank customers can open medium and long-term RD account. The medium-term RD account can be opened for 2-3 years and the long-term RD account can be opened for a tenure of 3-4 years.The interest rate offered by the DBS Bank RD account for amounts less than a crore is 6.9% and the interest rate applicable on the deposits offered on the long-term deposits for deposits amounting to less than a crore ranges from 7-7.2% annually.

DBS Bank Senior Citizen Recurring Deposit Interest Rates

Senior citizens can open a short, medium or long term RD account with DBS Bank. The account provides the customers with attractive interest rates and an excellent opportunity to earn.

On short-term deposits, the senior citizens receive an interest rate ranging from 6.5-6.8% per annum. On medium term deposits, an interest rate of 6.9% is applicable and on long-term deposits, the interest rate applicable ranges from 7-7.2% per annum. These rates are applicable only on deposits of less than a crore.