Can I make investments with digibank by DBS?

You can book a Fixed Deposit or Recurring Deposit and invest across the top 250 mutual funds with funds parked in your digital Savings Account.

Open Digital Savings Account Instantly with Video KYC

Q: What is the minimum balance requirement for the Digital Savings Account?

As per the terms and conditions set by digibank, you must maintain a monthly average balance of at least INR 5000. Failure to do so may attract penalties.

Q: Can I obtain loans with a Digital Savings Account?

Yes, as a digibank customer, you get preferential facilities when it comes to obtaining various types of loans like home loans, personal loans, and auto loans.

Digital Savings Account

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Begin your digital savings experience smoothly with DBS Bank

Why Choose a DBS Bank Digital Savings Account?

Opening a bank account at a branch is now outdated. With the DBS Bank Digital Savings Account, you can open your savings account from anywhere and enjoy a seamless, paperless experience. Get access to one of the best digital savings accounts in India, offering high interest rates and smart banking features right at your fingertips.

Features and Benefits of DBS Bank Digital Savings Account

Here are the key features and benefits of a savings account that make banking easier and more rewarding with DBS Bank.

Access your Digital Savings Account - anywhere, anytime - with DBS Bank’s internet and mobile banking
Earn attractive interest rates on your Digital Savings Account deposits
Get a free international ATM-cum-debit card
Make hassle-free remittances to foreign accounts with minimal paperwork
Enjoy exclusive privileges and benefits with the debit card linked to your Digital Savings Account
Enjoy 5X benefits with curated offers, lifestyle memberships, and annual savings on your debit card usage

Savings Account Customised for Individual Needs

Everyone saves for different reasons. Some want to grow their money. Others want better control or added perks. DBS Bank has options for all types of bank accounts, so you can choose what fits your needs. You can open a digital savings account in just a few steps. No paperwork. No branch visit. Open your savings account online anytime, from anywhere. Check the table below to see what each account offers.

Features	Growth Savings Account	Growth Plus Savings Account	Growth Max Savings Account
Best for	Everyday savings & banking	High-yield savings & financial insights	High achievers seeking premium benefits
Minimum Balance Requirement	INR 10,000	INR 25,000	INR 1,00,000
Interest Rate	Upto 5.5%	Upto 5.5%	Upto 5.5%
Exclusive Debit Card Benefits	Yes	Yes	Yes
Complimentary Lounge Access	No	No	Yes
Zero Charges on Transactions	Yes	Yes	Yes
Wealth Management	No	No	Yes

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Digital Savings Account Interest Rates

DBS Bank offers competitive savings account interest rates to help you grow your funds while enjoying the convenience of digital banking. The interest you earn is based on the balance maintained in your account, as outlined below:

Balance in Savings Account	Interest Rate (Per Annum)
Up to ₹2 lakh	2.75%
Above ₹2 lakh and up to ₹5 lakh	3.25%
Above ₹5 lakh and up to ₹50 lakh	5.50%
Above ₹50 lakh	4.00%

Enjoy higher earnings on your deposits while managing your money with ease through your DBS Bank Digital Savings Account.

Note:

The above interest rates are effective from May 9, 2025. Interest is calculated on the daily closing balance and paid quarterly, or as determined by the Bank from time to time. Rates are subject to change at the discretion of DBS Bank and/or as per regulatory guidelines issued by the RBI.

DBS digibank app – Your All-in-One Banking App

Open a savings account online in minutes. No branch visits. No paperwork. The DBS digibank app gives you access to over 250 services. You can manage money, pay bills, invest, and apply for loans. Track spending and set budgets with smart tools. Send money abroad quickly with zero bank fees and great forex rates. Everything you need is in one app.

Eligibility and Documentation

You can open a digital savings account with DBS Bank if you meet the following criteria:

Eligibility Criteria

You can open a digital savings account with DBS Bank if you:

Are a resident Indian
Are 18 years or older
Maintain necessary Monthly Average Balance (MAB)
Have a valid Aadhaar and PAN card

Documents Required

Only Aadhaar card and Pan card

However any one of the following documents can be used for opening account at any of our branches

Aadhaar Card
Voter ID
Passport
Driving Licence

NREGA Card

Additionally

PAN Card
Or Form 60

Passport-sized Photographs

Two recent photos

Account Opening Form

Fill and submit at any of the DBS Bank Branches

Once verified, your savings account will be activated.

How to Open a Digital Savings Account?

Opening a DBS Bank digital savings account is quick and simple. No branch visits. No paperwork. Just follow these steps.

Download the App or Visit the Website
Download the digibank by DBS app on your phone or visit the DBS Bank website.
Fill the Online Form
Enter your personal details to start your digital savings account application.
Keep PAN and Aadhaar Ready
These are needed for your online KYC process.
Complete Video KYC or biometric authentication at our branches
Use your phone or laptop with a camera to finish your KYC through a quick video call or visit a branch

Once verified, your account is active. You can deposit money and make payments through the app or website.

Fees & Charges for Opening a Digital Savings Account

Before you open a digital savings account, it’s helpful to know the key charges. With a DBS Bank digital savings account, you need to maintain a Monthly Average Balance (MAB) as per product variant selected. If the balance falls short, a non-maintenance fee of 6% of the shortfall (up to ₹500) is charged. Debit card replacement, annual card fees, and charges for international ATM usage may also apply.

For the complete list of charges and the latest updates, visit the DBS Bank Savings Account Fees and Charges.

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Frequently Asked Questions

What is a Digital Savings Account?

DBS Bank's Digital Savings Account is a unique bank account that you can open online. The account is entirely digital, akin to carrying your bank in your pocket. You can access this account on your internet-enabled smartphone and conduct a wide range of banking transactions.

What are the Benefits of Digital Savings Account.?

A digital savings account offers convenience, 24x7 access, secure transactions, and paperless banking. You can also enjoy all the standard benefits of a savings account, including interest earnings and fund transfers.

Do I need to visit a branch after opening a Digital Savings Account?

No. Once you open a savings account online and complete Video KYC, there's no need to visit a branch for activation or regular usage.

Do I need to add a nominee for my Digital Savings Account?

Adding a nominee is optional but recommended. You can nominate someone during the application process or update it later through the app or website.

Can a Joint Account be opened under Digital Savings Account?

No. Please visit a DBS Bank branch to open a joint savings account

I completed VKYC for my account but I am unable to complete my application

If your application is stuck after completing Video KYC, check your email or SMS for further instructions. You can also contact customer support for help.

My application was rejected in Video KYC, am I eligible to apply again?

Yes. You can apply again after correcting any issues that led to the rejection. Make sure your documents are valid and clearly visible.

How can I upload my signature for this account?

Please visit the branch to upload your signature.

Which debit cards will I get with my Digital Savings Account?

You will receive an international debit card linked to your digital savings account. Card type may vary based on the account and eligibility.

What is the minimum balance requirement for the Digital Savings Account?

You need to maintain a Monthly Average Balance (MAB) of as per the variant selected for your savings account to avoid non-maintenance charges.

Can I obtain loans with a Digital Savings Account?

Yes. DBS Bank allows eligible customers to apply for personal loans directly through the app linked to their digital savings account.

Can I make investments with DBS Bank?

Yes. You can invest in mutual funds, fixed deposits, and recurring deposits through your DBS Bank account. Use the app to explore options based on your risk profile.

What benefits can I enjoy with a DBS Bank Debit Card?

Your debit card comes with cashback offers, lifestyle rewards, and international usage. It also includes core benefits of a digital savings account, like secure ATM access and online payments.

How can I transfer money from my Digital Savings Account to another account holder?

You can transfer funds using NEFT, IMPS, RTGS, or UPI through the DBS digibank app or internet banking.

What is the rate of interest I can earn on my digital savings account?

Interest rates vary based on your account balance. You can check your estimated earnings using the savings account interest calculator on the DBS Bank website

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