DBS Bank offers elderly 7% interest rate on savings a/c on its 30th anniversary in India

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On the 30th anniversary of DBS Bank in India, the Singaporean multinational banking and financial services corporation has launched ‘DBS Golden Circle’, for senior citizens.

The priority programme offers several exclusive benefits and services, making banking simpler and more rewarding for resident Indian citizens aged 60 years and above.

The India Ageing Report 2023, compiled by the United Nations Population Fund, highlights income insecurity as a significant vulnerability in old age.

Navigating savings effectively during the advanced stage of life is made more complex because of increasing living costs and the growing challenge of accessing funds without compromising on investments.

“This priority banking programme for senior citizens addresses these concerns. One of its key features is the attractive interest rate offered on savings accounts and deposits,” said Prashant Joshi, Managing Director and Head of Consumer Banking Group, DBS Bank India.