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DBS Savings Accounts

DBS Bank Savings Account

Last Updated 22nd Jan 2021

  • DBS Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in DBS Bank is Average Monthly Balance of Rs. 5000.
  • You can get high returns up to 5.00% on a savings account.
  • Open instant DBS Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in DBS Bank.
Apply for Savings Account

DBS Savings Account

DBS Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of DBS Savings Account

Benefits of DBS Bank saving Account are as follow:

  • DBS Bank offers an interest rate on saving account in the range of 3.50% to 5.00%.
  • Balance requirement for DBS Bank savings account is Average Monthly Balance of Rs. 5000.
  • An individual can transfer the DBS Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • DBS Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • DBS Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

DBS Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Savings Premium PlusOverall total relationship balance of Rs. 20,00,000 in a combination of savings account balances, fixed deposits, investments and insurance3.50% - 4.00%--
Auto SaverNIL3.50% - 5.00%--
Digi AccountAverage Monthly Balance of Rs. 50003.50% - 5.00%NIL charges

DBS Savings Account Products

DBS offers multiple savings account products for different purposes. Some of the popular products of DBS savings are:

Savings Premium Plus

This savings account offers higher cash withdrawals limit.

Key Features:

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


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

Auto Saver

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

Key Features:

  • 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


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

Digi Account

Digi account is a paper-less, signature-less and branch-less savings account facility. 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.

Key Features:

  • Quick and seemless account opening process
  • Open account online with PAN and Aadhaar
  • Dynamic inbuilt security and is more convenient than OTP
  • Unlimited free ATM withdrawals
  • Make online payments using Digibank application
  • Rs. 250 Amazon voucher offer on digibank account. Customer has to open account and make one transaction using digibank upi/netbanking/debit card


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

DBS Savings Account Nomination Plan

DBS Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. DBS savings account provides the nomination facility in all the savings products.

DBS Savings Account Welcome Kit

DBS Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

DBS Savings Account Helpline

Individuals can call DBS Bank’s 24X7 helpline number , which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online


Can I open DBS bank account online?

DBS Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an DBS savings account?

Minimum balance requirement differs with DBS Bank saving account products. The minimum balance required to open a Digi Account in DBS Bank is Average Monthly Balance of Rs. 5000.

Which saving account is best in DBS?

There are various savings account products offered by DBS Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open DBS account with zero balance?

The minimum balance requirement to open a savings account with DBS Bank is Average Monthly Balance of Rs. 5000. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.

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DBS News - Jan 2021
  • 2017-12-06 : DBS introduces mutual funds on its digibank app
    DBS Bank will now offer its digibank customers a unique way to invest in mutual funds with a complete signature less and paperless on boarding on its mobile app. With this service, customer can make paperless on boarding, tracking and redemption in mutual funds within few minutes. The aim is to provide instant investment online service to its customers without having to depend on traditional channels.
  • 2017-09-04 : DBS Bank launches Digibank in Indonesia
    Singapore based DBS Bank has unveiled its Digibank a mobile led bank in Indonesia. The initiative will enable the bank customers to enjoy attractive rate of interest while registering for new accounts at DBS along with the higher ease of fund transfer and more flexibility with deposits.
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