DBS Bank Recurring Deposit – DBS Bank Recurring Deposit Interest Rates, DBS RD, DBS RD Rates, DBS RD Interest Rates, Schemes, Benefits, Features.
DBS (The Development Bank of Singapore) is a multinational banking and financial services corporation. The bank is headquartered in Mumbai and deals via network of 12 bank branches across the country.
The bank provides different services to make the financial life much easier. Recurring deposit is one such personal banking product offered by DBS.
The FEATURES & BENEFITS OF RD SCHEME is given below :-
- Monthly investment is Rs. 1000.
- Auto – debit option from existing savings account is provided.
- TDS is applicable.
- Regular monthly savings can be done at minimal cost for the deposit.
- Interest rates applicable will be equal to the fixed deposit rates.
Tenure period of the deposit ranges from a minimum of six months to five years.
DBS Bank Recurring Deposit Interest Rates
|Less than 1 Crore|
|Tenure||Card Rates (%)||Senior Citizen (%)|
|91 days & up to 180 days||5.75||5.75|
|181 days & up to 269 days||6.00||6.00|
|270 days to less than 1 year||6.10||6.10|
|1 year to 15 months||6.30||6.30|
|15 months 1 day upto less than 2 years||6.30||6.30|
|2 years & less than 3 years||6.40||6.40|
|3 years & less than 4 years||6.50||6.50|
|4 years & less than 5 years||6.60||6.60|
|5 years & above||6.70||6.70|