DBS Bank Savings Account
DBS Bank is a Singaporean Bank with its branches all over India. Along with many banking services, DBS Bank offers its customers savings account with high returns. The interest rate for DBS Bank savings account starts from 3.25% p.a.
DBS Bank Saving Account Interest Rate
The interest rate for DBS Bank savings account is mentioned below -
Balance in the Account | Interest Rate |
Up to Rs.1 lakh | 3.25% |
Above Rs.1 lakh to up to Rs.2 lakh | 3.50% |
Above Rs.2 lakh to up to Rs.3 lakh | 4.25% |
Above Rs.3 lakh to up to Rs.5 lakh | 7.00% |
Above Rs.5 lakh to up to Rs.10 lakh | 6.00% |
Above Rs.10 lakh to up to Rs.20 lakh | 5.50% |
Above Rs.20 lakh to up to Rs.3 Crore | 5.00% |
Above Rs.1 Crore | 3.00% |
Types of DBS Bank Saving Account
The various types of DBS Bank savings account and their benefits are mentioned below -
Type of DBS Bank Savings Account | Feature and Benefit |
DBS Savings Gold Account | Cash deposits at the base branch are free of chargeFree of cost cheque book facilityFree monthly account statement provided to the customerCash deposits at the base branch are free of charge |
Digibank by DBS Savings Account | Instant account opening facility availableAmazon Pay gift card worth Rs.250 offered to customersNo limit on ATM withdrawalsIn the digibank account, an average monthly balance of Rs.10,000 must be maintained. |
Lakshmi Power Savings Account | Cash deposits are free at the base branchOnline NEFT, RTGS, IMPS, and UPI (P2P) services are freeThe recommended average monthly balance is Rs.5,000 |
Savings Power Plus Account | All ATM transactions are offered without chargeDigital banking services offered by Digibank are free to useFree of cost cheque book facility |
Savings Plus Account | Free of cost cheque book facilityDigital banking services offered by Digibank are free to use |
DBS Bank Savings Account Eligibility Criteria
The eligibility criteria to open a DBS Bank savings account are mentioned below -
- The applicant should be an Indian resident
- Minors and their guardian can open the account together
- Hindu Undivided Family
Documents Required for DBS Bank Savings Account
The documents required to open a DBS Bank Savings account are mentioned below -
- Filled-in account opening form
- Identity proof
- Address proof
- Passport size photographs
Fees and Charges for DBS Bank Savings Account
Categories | Fees and Charges |
Debit Card Annual Fee (Starting from 2nd year) | DBS BigBasket Visa Classic Card – Rs.150DBS Visa Classic Card – Rs.150DBS Visa Signature Card – Rs.299DBS Visa Platinum Card – Rs.150DBS RuPay Classic Card – Rs.150DBS EMT Visa Signature Card – Rs.299DBS RuPay Platinum Card – Rs.150 |
International cash withdrawal | Rs.125 |
Debit card replacement fee | Rs.150 |
Cash withdrawal charges for DBS ATM | Free |
Cash withdrawal charges for non-DBS ATM | There are 5 non-metro and 3 metro free transactions. Beyond the free limit, each transaction will be charged Rs.21 |
How to Open DBS Bank Savings Account
Offline Method -
Follow the steps mentioned below to open DBS Bank savings account through offline method -
Step 1: Fill out the savings account application form after visiting the DBS Bank location closest to you.
Step 2: Provide all the details asked for in the application.
Step 3: Attach self-attested copies of your PAN and Aadhaar card.
Step 4: Choose the type of savings account you want
Step 5: Submit the application along with all the other documents
Online Method -
Follow the steps mentioned below to open DBS Bank savings account through online method -
Step 1: Visit the digibank official website or the app
Step 2: Fill in all the required documents and attach the digital copies of PAN and Aadhaar card.
Step 3: Next, you will be asked to do a video KYC.
Step 4: Your account will be set-up after the video KYC is done.
FAQs on DBS Bank Savings Account
- Can I take a loan against my DBS Bank savings account?
Yes, you can take a loan against your DBS Bank savings account.
- Where to lodge a complaint for a DBS Bank savings account?
If this is your first time filing a complaint, you can contact the bank by phone at 1860 210 3456 or 1860 267 1234, or you can send an email to customercareindia@dbs.com. You can follow the bank's grievance redressal policy if customer care does not provide you with a satisfactory solution.
- I lost my DBS debit card. What is the replacement fee for a new debit card?
The replacement fee for a new debit card is Rs.150.
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