DBS Bank India opens ‘DBS Golden Circle’, an exclusive priority banking program for senior citizens

Bengaluru: DBS Bank India has announced the launch of ‘DBS Golden Circle’, a comprehensive priority banking program meticulously designed to cater to the unique needs of senior citizens. This program offers a suite of exclusive benefits and services, making banking simpler and more rewarding for resident Indian citizens aged 60 years and above.

This launch also marks the 30th anniversary of DBS in India, a milestone that underscores the bank’s commitment to the local market. DBS Bank India continues to leverage its extensive physical network and digital capabilities to provide solutions that meet the evolving needs of its customers, fostering trust and building lasting relationships.

The India Ageing Report 2023[iv] by the United Nations Population Fund highlights income insecurity as a significant vulnerability in old age. Navigating savings effectively during this stage of life is made more complex by increasing living costs and the challenge of accessing funds without compromising investments.

‘DBS Golden Circle’ addresses these concerns, and one of its key features is the attractive interest rate[v] offered on savings accounts and deposits. Senior citizens can earn an interest rate of up to 7% per annum on savings account balances above INR 4 Lakhs and up to INR 5 Lakhs. Additionally, they can benefit from an enhanced interest rate of 0.50% per annum on fixed deposits with a tenure ranging from 376 days to 540 days. These competitive interest rates enable senior citizens to effectively grow their savings and achieve greater financial stability.