DBS Saving Account

Last Updated 10th Jan 2019

DBS Bank Savings Account Interest Rate India Jan 2019

DBS Bank Digi Account
Interest Rate Upto Rs. 1 Lakh : 7.00%
Rs. 1 Lakh to Rs.10 Lakh : 6.00%
Rs. 10 Lakh to Rs.1 Cr : 5.00%
Above Rs. 1 Cr : 4.00%
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Minimum Account Balance Nil
Debit Card VISA International Debit Card
  • Dynamic inbuilt security and is more convenient than OTP
  • Unlimited free ATM withdrawals
  • DBS Bank is owned by Govt. of Singapore and is among the safest banks in Asia which is similar to Indian SBI
  • Provides virtual assistance anytime with artificial intelligence
  • Online app based digital account opening with PAN and Aadhaar

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Saving Account in DBS – Benefits

You get the following benefits while opening Savings Account with DBS

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

DBS Saving Account – charges

Balance non maintenance charges : Nil charges
ATM Charges: Free

DBS Savings Account

DBS Bank offers an interest rate of 4.00% - 7.00% p.a. DBS Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Savings Premium Plus 18 years Overall total relationship balance of Rs. 20,00,000 in a combination of savings account balances, fixed deposits, investments and insurance
Auto Saver 18 years N.A
Digi Account 18 years Nil

DBS Savings Account Products

Savings Premium Plus

This account is for resident Indians of 18 years of age and above

Features of Savings Premium Plus

  • Consolidated account statements
  • Invitations to exclusive events plus special privileges on a variety of lifestyle/ shopping products and services

Debit Card Offered : International VISA Infinite Debit Card

Cash Withdrawal Limit : Rs. 3,00,000 per day

Auto Saver

The DBS Auto Saver offers higher interest rates of fixed deposits on idle funds in savings accounts.

This account is for resident Indians of 18 years of age and above

Features of Auto Saver

  • Fixed Deposit is made for a minimum amount of Rs. 10,000 and in multiples of Rs. 1,000, subject to a maximum cap of Rs. 5 Lacs
  • The balance in the Fixed Deposit continues to earn interest at the initial contracted rate, to ensure maximum returns
  • No penalty will be charged for premature breakage of Fixed deposits when there is shortfall in the account

Digi Account

Digibank is a paperless, signatureless and branchless bank. A digibank e wallet can be opened to make bill payments. Security issues have been dealt with, powered by automated authentication that is safer than OTPs.

Valid Aadhaar number and Permanent Account Number (PAN)KYC via biometric authentication post registration

Features of Digi Account

  • Dynamic inbuilt security and is more convenient than OTP
  • Unlimited free ATM withdrawals
  • DBS Bank is owned by Govt. of Singapore and is among the safest banks in Asia which is similar to Indian SBI
  • Provides virtual assistance anytime with artificial intelligence
  • Online app based digital account opening with PAN and Aadhaar

Debit Card Offered : VISA International Debit Card

Cash Withdrawal Limit : Unlimited

Balance Non Maintenance Charges : Nil charges

Documents Required

DBS Bank requires the following documents to open a Savings Account

  • PAN Card
  • Aadhar Card

Frequently Asked Questions on DBS Bank Savings Account

How much interest is charged by DBS on Savings Account?

DBS offers an interest rate of 4.00% to 7.00% on Savings Account.

What is the minimum amount required for opening Savings Account in DBS Bank ?

The minimum amount required for opening Savings Account in DBS is Nil.

What are the balance non - maintenance Charges on DBS Savings Account?

The Balance Non Maintenance Charges on Savings Account by DBS are Nil charges.

What are the DBS Bank ATM Transaction charges on Savings Account?

DBS ATM Transaction charges on Savings Account are Free.

How does DBS calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by DBS Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does DBS Bank offer Debit card to the account holder?

Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of DBS Bank with the type of debit card offered are listed in the table below.

Savings Premium PlusInternational VISA Infinite Debit Card
Digi AccountVISA International Debit Card

Interest rate on all SBI deposits products listed in the table above is 4.00% to 7.00%

What is the withdrawal limit of the account?

The withdrawal limit offered in DBS Bank is Unlimited

What is the eligibility criteria to open a savings account in DBS Bank
  • Valid Aadhaar number and Permanent Account Number (PAN)
  • KYC via biometric authentication post registration
DBS News - Jan 2019
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