Recurring Deposits - Open RD Account Online

Recurring Deposits (RD)

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Get Assured Returns with Up to 6.85% 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
Opening

Paperless

7.03%* Annualized Yield
on Fixed Deposits

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Recurring Deposits CalculatorWhen 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 RatesDBS 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.

Rates with effect from 06-May-2026*For 600 days tenor RD rates are not applicable*Custom tenor for RD should be multiples of 3 months

Tenor	RECURRING DEPOSIT
Tenor	Regular	Senior Citizen
91 to 180 days	4.25%	4.25%
181 days	5.00%	5.50%
182 to 189 days	5.80%	6.30%
190 to 269 days	5.80%	6.30%
270 to less than 1 year	6.00%	6.50%
1 year to 375 days	6.30%	6.80%
376 days to 400 days	6.85%	7.35%
401 days to 500 days	6.75%	7.25%
501 days to 540 days	6.60%	7.10%
541 days to 599 days	6.75%	7.25%
601 days to less than 2 years	6.50%	7.00%
2 years to less than 2 years 6 months	6.40%	6.90%
2 years & 6 months	6.40%	6.90%
2 years 6 months 1 day to less than 3 years	6.40%	6.90%
3 years and less than 4 years	6.40%	6.90%
4 years to less than 5 years	6.40%	6.90%
5 years and above	6.25%	6.75%

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Features and benefits of our Recurring Deposit AccountStart from INR 100You can create DBS Bank Recurring Deposits with monthly contributions as low as INR 100, making it accessible for any income level.Senior Citizen BenefitsSenior citizens enjoy 0.50% higher RD interest rates upon submitting valid identity and age proof documents.Flexible PaymentsChoose 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 AccountsThere 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 SavingsCreate purpose-driven savings that help you stay disciplined and reach specific financial targets with ease.DICGC-Insured DepositsAll Recurring Deposit accounts with DBS Bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to INR 5,00,000.

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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 DepositTo 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

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How to Open a DBS Bank RD AccountOpening 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:

Navigate to the option labelled ‘Open Deposit Account’ or ‘Open a Recurring Deposit’.

Enter your preferred deposit amount and tenure.

Select the debit account and set up standing instructions for automated monthly contributions.

Review all entered details carefully.

Confirm and submit your request.

Your RD account will be created instantly, and you’ll receive a confirmation via SMS and email.Open a DBS Bank Account Now

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

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

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

Open a DBS Bank Account Now*Annualized Yield for 376 days to 400 days at 6.85% simple interest p.a., compounded quarterly. 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!

Is the interest earned on my Recurring Deposit taxable?

Can we deposit a different amount every month in RD?

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?

What are the interest rates of a Recurring Deposit?

It takes two banks to match what we offer.

DBS gives you 5% p.a.* on Savings Account – Earn double the interest, bank with Asia’s safest!

Recurring Deposits (RD)

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It takes two banks to match what we offer.

Our Products

Need Help?

Interest Rates & Calculators

Others

Open Instant DBS Bank Savings Account

Useful Links

Markets