Rates and Fees

Account Interest Rates per annum

digiSavings digibank e-wallet
Balance up to Rs. 1 lakh will get 6% interest rates No interest rates applicable
Any balances over and above Rs. 1 lakh and up to Rs. 2 lakhs will get 7% on the incremental amount
Any balances over and above Rs. 2 lakhs and up to Rs. 5 lakhs will get 5% on the incremental amount
Any balances over and above Rs. 5 lakhs will get 4% on the incremental amount

Note:

  1. Interest rate revised as above w.e.f. 15th January 2018.
  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 on digiSavings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

Deposit Interest Rates

Fixed Deposits Recurring Deposits
90 days 5.5% 5.5%
91 to 180 days 5.75% 5.75%
181 to 269 days 6% 6%
270 to less than 1 year 6.1% 6.1%
1 year to 15 months 7% 7%
15 months 1 day to less than 2 years 7% 7%
2 years & less than 2 years 6 months 7% 7%
2 years & 6 months 7.5% 7.5%
2 years 6 months 1 day & less than 3 years 7% 7%
3 years and less than 4 years 7% 7%
4 years to less than 5 years 7% 7%
5 years 7.5% 7.5%

Miscellaneous Fees

digiSavings digibank e-wallet
Account closure (within 6 months of opening) 500
Debit card replacement (lost, stolen, damaged) 150
Debit card annual fee (second year onwards) 150
International cash withdrawal 125
International balance enquiry/non financial transactions 25
Domestic cash withdrawal on non-DBS ATMs 20 (chargeable after first 10 free transactions p.m.)
Domestic balance enquiry/non financial transactions on non-DBS ATMs 8.5(chargeable after first 10 free transactions p.m.)
FX Markup 3.5%
Ad hoc balance/TDS/interest certificates 75
Ad hoc issuance of miscellaneous certificates 75
Investments in Mutual Fund through digbank – Transaction Fees* Nil

All monetary values given in Indian Rupees unless otherwise specified.

Fund Transfers Fees

digiSavings digibank e-wallet
Credit to DBS or digibank account from an overseas bank 25
Credit to DBS or digibank account from DBS Singapore 25
Cashier’s order/payment order/payable at par demand draft 30
Revalidation/reissuance of payment order/demand draft 30
Cancellation of DBS payment order/demand draft 100

All monetary values given in Indian Rupees unless otherwise specified.

Demand Draft (DD) Issuance Fees

Fee Limits
At an RBI location 0.05% Min. 75
Max. 2000
Non-RBI location (correspondent bank Cat I) 0.05% Min. 75
Max. 2000
Any other location not covered by the correspondent bank – purchase 0.05% Min. 75
Max. 2000
Cancellation of correspondent bank DD 0.05% Min. 75
Max. 2000
Revalidation/reissuance of DD – per instruction 0.05% Min. 75
Max. 2000
Stop payment for lost DD – per instrument 25
DD issuance in foreign currency 0.10% Min. 75
Max. 2000
Cancellation of foreign currency DD 750
Courier charges 50
Remote location payment – payable at correspondent bank location 30 Plus courier charges, if any

All monetary values given in Indian Rupees unless otherwise specified.

Important note:

  1. Interest rate revised as above w.e.f. 15th January 2018.
  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 on digiSavings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
  5. Goods and Service Tax (GST) will be levied by the bank over and above the charges.
  6. The bank reserves the right to change these rates/charges or re-negiotiate them depending upon relationship of a customer.