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Online DBS Savings Account Opening

Open DBS Saving Account

Last Updated 20th May 2022

Interest Rate 3.00% - 4.00%
Minimum Balance Requirement Average Monthly Balance of Rs. 5000
Cash Withdrawal Limit Unlimited
ATM Transaction Charges Free
Debit Card VISA International Debit Card
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
Apply for Savings Account

DBS Savings Account Opening

DBS Bank Savings accounts in DBS can be opened online or offline. To open DBS offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening DBS Savings Account Online

To open the savings account online in DBS, you have to follow these steps:

  • Step 1: First, visit the official website of DBS.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: DBS’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, DBS will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open DBS Savings Account at Branch

To open a savings account with DBS at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in DBS

You have to fulfil the following eligibility criteria to open a savings account in DBS:

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

Open saving account with Other Banks online


How can I open a savings account in DBS?

You can open a savings account in DBS either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in DBS?

Yes, you can open a savings account online, by applying for it through the DBS’s official website.

What is the minimum balance in DBS?

The minimum balance required to open a savings account in DBS is Average Monthly Balance of Rs. 5000.

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DBS News - May 2022
  • 2022-03-16 : DBS Bank India Launches Green Deposits Programme
    DBS Bank has launched a sustainability programme, Green Deposits, that will fund green industries and initiatives such as green building sustainable water initiatives for wastewater management, renewable energy and clean transportation
  • 2021-03-09 : DBS Bank launched a travel marketplace on the digibank app
    DBS Bank introduced a travel marketplace on the digibank app. It will enable customers to browse and book flights, bus tickets and hotels across hundreds of destinations within and outside of India. DBS bank offers a savings account and currently the interest on the savings account is 4%.
  • 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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