Deposit
Deposit Type
Recurring Deposits (RD)

Get Assured Returns with Up to 7.05% Interest

A Recurring Deposit (RD) lets you invest regularly while enjoying stable growth of your funds. With DBS Bank, you can open a Recurring Deposit account within a few minutes. It offers flexible tenures and high interest rates to help you achieve your financial goals, unaffected by market fluctuations.

Instant

Instant
Opening

Paperless

Paperless

Recurring Deposit Interest Rates

7.27%* Annualized Yield
on Fixed Deposits

Recurring Deposits Calculator

When it comes to planning your returns from your Recurring Deposit (RD), you can easily get accurate estimates using the RD calculator. Just enter your monthly investment, interest rate and chosen tenure and see your maturity amount instantly. This is especially helpful in terms of planning your finances and future goals.

Recurring Deposit Interest Rates

DBS Bank offers high RD interest rates that help you earn more on your monthly investments, ideal for individuals who are looking for consistent returns for growing their savings.

Explore the latest interest rates and choose the RD plan that best aligns with your financial goals.

Tenure

Regular

Senior Citizen

91 to 180 days

4.25%

4.25%

181 to 1 year

5.50%–6.00%

6.00%–6.50%

376 to 599 days

6.55%

7.05%

1 to 2 years

6.30%–6.50%

6.80%–7.00%

2 to 5 years

6.40%

6.90%

5 years and above

6.25%

6.75%

Features and benefits of our Recurring Deposit Account

Start from INR 100

You can create DBS Bank Recurring Deposits with monthly contributions as low as INR 100, making it accessible for any income level.

Senior Citizen Benefits

Senior citizens enjoy 0.50% higher RD interest rates upon submitting valid identity and age proof documents.

Flexible Payments

Choose from daily, monthly, or quarterly RD periods, based on what works best for you. Your selected amount will be automatically debited from your DBS Bank Savings Account at the chosen interval.

Open Multiple RD Accounts

There is no upper limit on the number of RD accounts you can hold. Open as many as needed to plan for multiple goals.

Goal-Oriented Savings

Create purpose-driven savings that help you stay disciplined and reach specific financial targets with ease.

DICGC-Insured Deposits

All Recurring Deposit accounts with DBS Bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to INR 5,00,000.

DBS Bank Recurring Deposits are available to the following eligible individuals:

  • Resident Indian citizens
  • Senior citizens

There are no restrictions on the number of RD accounts one can hold, allowing customers to plan for multiple savings goals simultaneously.

Documents Required to Open a Recurring Deposit

To open a Recurring Deposit account with DBS Bank, you will need:

  • For Individuals:
    • Identity proof (PAN card, Aadhaar card, Passport, Voter ID, or Driving Licence)
    • Address proof (same as above or utility bill, bank statement, etc.)
    • Passport-size photograph (if not already submitted for the linked account)
  • For Senior Citizens:
    • Valid age proof (Aadhaar card, PAN card, Voter ID, or Passport) to avail the additional 0.50% interest rate benefit

How to Open a DBS Bank RD Account

Opening a Recurring Deposit account with DBS Bank is simple and paperless for existing customers. The process requires minimal documentation and can be completed online in just a few minutes.

Steps to Open an RD Account Online:

  1. Log in to DBS Bank’s Net Banking portal or open the DBS digibank app.
  2. Navigate to the option labelled ‘Open Deposit Account’ or ‘Open a Recurring Deposit’.
  3. Enter your preferred deposit amount and tenure.
  4. Select the debit account and set up standing instructions for automated monthly contributions.
  5. Review all entered details carefully.
  6. Confirm and submit your request.

Your RD account will be created instantly, and you’ll receive a confirmation via SMS and email.

Choose the Right Deposit for Your Goals

Explore the features of Recurring Deposits and Fixed Deposits to see what aligns with your financial journey.

Recurring Deposit

Recurring Deposit

A savings plan where you invest a fixed amount every month and earn guaranteed returns over time.

Ideal if you’re looking to:

  • Build savings for planned expenses like travel or lifestyle upgrades
  • Maintain budget discipline through fixed monthly contributions
  • Earn guaranteed returns with RD interest rates comparable to fixed deposits

Fixed Deposit

Fixed Deposit

A lumpsum amount invested in one go.

Ideal if you’re looking to:

  • Set aside surplus funds for future needs or emergencies
  • Ensure capital protection with assured interest payouts
  • Enjoy peace of mind with fixed returns, unaffected by market fluctuations

*Annualized Yield for 5 years at 6.50% simple interest p.a., compounded quarterly. T&Cs apply.

^For 2 years 6 months 1 day to less than 3 years. T&Cs apply

Think, Thats All?
There's more where that came from!

Whether it’s smarter savings, better investments, easy personal loans, international fund transfers - your digibank is designed to help you live better. It’s so easy, it feels like magic!

personal-loan

Personal Loan

Fast-track your life with instant paperless DBS Bank personal loans of up to ₹15 Lakhs.

DBS Digibank App

DBS Digibank App

Enjoy a seamless digital banking experience with the DBS digibank app, offering 250+ features to help you save, invest, and manage your money with ease.

remittance

Remittance

Send money abroad instantly and securely with zero transfer fees on international remittances.

insurance

Insurance

Through thick and thin, we’ve got you covered with health insurance plans for the family, automobile insurance and travel insurance.

Frequently Asked Questions

What is a Recurring Deposit?

A Recurring Deposit (RD) is a savings option where you invest a fixed amount monthly into a recurring deposit account to earn guaranteed returns over a set tenure.

Is the interest earned on my Recurring Deposit taxable?

Yes, interest earned on a Recurring Deposit account is taxable as per your income tax slab. TDS may apply if the total interest exceeds the prescribed threshold.

Can we deposit a different amount every month in RD?

No, a standard RD in bank requires you to deposit a fixed amount each month throughout the selected RD plan.

What are the rules of Recurring Deposit?

Recurring Deposits require fixed monthly contributions for a chosen tenure. The interest rate is locked in at the time of opening and paid out at maturity. Delayed payments may attract penalties

Can I break RD anytime?

Yes, you can close your recurring deposit account before maturity. However, this may lead to a lower interest payout and possible premature closure charges.

What are the interest rates of a Recurring Deposit?

DBS Bank offers competitive RD interest rates, with returns up to 7.05% p.a. You can compare tenures to choose the best recurring deposit plan for your goals.

Open Instant digibank Savings Account!

It takes two banks to match what we offer.

DBS gives you 5.5% p.a.* on Savings Account – Earn double the interest, bank with Asia’s safest!