DBS Savings Account

Open a DBS Bank Account Now

Open a DBS Bank Account Now

Savings Account Customised for Individual Needs

Find the perfect savings account tailored to your unique financial goals and lifestyle. Whether you're looking to grow your wealth, enjoy premium banking benefits, or streamline your salary, DBS Bank has different types of bank accounts to choose from:

With DBS Bank, you can open a savings account online based on your needs. Refer to the table below to know what each account offers:

Savings Account Interest Rates

DBS Bank offers attractive savings account interest rates of up to 5.5% per annum to help you not just preserve but grow your personal wealth.

DBS Bank Savings Account Interest Rates

Interest rates mentioned above are per annum.

If you want to read about the savings account interest rate calculation in detail, click here.

Note:

1. *Interest rate revised as above w.e.f. 9 th May 2025.
2. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
3. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
4. Rate of interest is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI

Rates are subject to change at the bank’s discretion and RBI directives

Powerful Banking Features for a Smarter Experience

The DBS Bank digital savings account is designed to help you save smarter and build your wealth in a convenient way. Here’s what makes it the best online savings account for you:

1. Higher Interest Rates to Maximise Your Savings

   Make your money go the extra mile, earn up to 5.5% interest p.a. on your savings bank account, helping you grow your wealth effortlessly.

2. Instant Account Opening

   With DBS Bank, you can open a savings account online becomes a matter of few minutes through the DBS digibank app, no need to fuss with paperwork or bank visits. –

3. Available Across 350+ Cities
4. Manage Everything with the digibank app

   Enjoy online savings account benefits with over 250+ banking services in one app. From bill payments to fund transfers, ensuring security as well as ease of use.

5. Zero Charges on Everyday Transactions

   Make free ATM withdrawals, NEFT, RTGS, cheque books, and SMS alerts. DBS Bank savings account ensures complete transparency with no hidden fees on routine transactions.

6. International Banking with Local Convenience

   DBS Bank’s remittance services offer competitive forex rates, zero bank fees, and same-day international transfers to keep you connected.  This makes sending money abroad fast and cost-effective.

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

Bank smart with the DBS digibank app, a fully digital savings account experience, which provides access to 250+ banking services. Whether you want to open a new savings account, manage your expenses, grow your wealth, or apply for a loan, digibank gives you complete control over your finances –

• Open a savings account online instantly – Skip branch visits and paperwork. Get started in minutes with Video KYC.
• Seamless banking on the go – Link and track all your bank accounts, making it easier to manage funds in one place.
• Zero OTPs  –  With the Soft Token integrated into your DBS Bank savings account instantly verifies transactions, you don’t have to wait or memorize OTPs anymore. Enjoy a secure, intuitive platform designed for easy transactions and financial planning –
• Effortless payments – Pay bills, transfer funds via UPI, NEFT, RTGS, and schedule transactions with just a few taps. Register your billers, monitor payment status, and schedule payments up to 3 days in advance for added convenience. –
• Smart investing made easy – Open a savings account and invest in fixed deposits, mutual funds, and digiPortfolio via the app. Secure assured returns with Fixed Deposits or save with DBS Bank Recurring Deposits. Explore over 250 Morningstar 5-star rated Mutual Funds with expert insights.
• Instant loans & credit – Get a personal loan up to ₹15 lakh with a simple, paperless process. Enjoy instant approvals, a free look-in period, and hassle-free loan management.

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Eligibility and Documentation

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

• You are a resident Indian.
• You are at least 18 years of age.
• Maintain a Monthly Average Balance (MAB) of INR 25,000.
• Have a valid Aadhaar and PAN card for identification and address verification.

Documents Required for Opening a Savings Account

To ensure a smooth process when, keep the following documents handy:

Proof of Address (Any one of the following)

• Aadhaar Card
• Voter ID
• Utility bill (electricity, gas, water, telephone)
• Passport
• Driving Licence
• Bank passbook or bank account statement
• Ration Card

Letter with address, stamped, signed, or recognised by a gazetted officer or public authority

Proof of Age and Identity

For identity verification, you need to submit a document with your photograph attached. You can provide one of the following accepted identity proof documents:

• PAN Card
• Aadhaar Card
• Voter ID
• Passport
• Driving Licence
• Employee ID card with your photograph
• Any government-issued photo ID card (state or central)

Passport-sized Photographs

 Two recent passport-sized photographs are also required along with the above documents.

Duly Completed Account Opening Form

Finally, complete and review the account opening form. You can fill the form directly on the DBS bank's website or mobile app.

Once your documents are verified, the bank will determine your eligibility for a savings account.

Fees & Charges for Opening a Savings Account

When opening a savings account, it’s important to be aware of the associated fees and charges. Here’s a breakdown of what all the fees and charges for a DBS Bank savings account.

1.Monthly Average Balance (MAB): To keep your account in good standing, maintain a monthly average balance of INR  25,000

2.Non-Maintenance Charges: If you fall short of the required balance, a fee of 4% of the shortfall amount will be charged, up to a maximum of INR 400.

3.Account Closure: If you decide to close your account within six months of opening, there are no charges—it’s completely free!

4.Debit Card Replacement: In case your debit card is lost, stolen, or damaged, a replacement fee of INR 150 will apply.

5.Annual Debit Card Fee: Starting from the second year, an annual fee is charged for your debit card. For Classic and Platinum cards, it’s INR 150, while Signature cards incur a fee of INR 299.

6.International Transactions: For cash withdrawals abroad, a fee of INR 125 is charged. Non-financial transactions, such as balance inquiries, will cost INR 25.

For the most current and detailed information on fees and charges, please visit DBS Bank Savings Account Fees and Charges.

Open a DBS Bank Account Now

Open a DBS Bank Account Now

Open a DBS Bank Account Now