Rates and Fees

Account Interest Rates per annum

Note:

1. *Interest rate revised as above w.e.f. 1^st July 2020.
2. *Interest rate up to 30^th June 2020 is: 3.50% p.a on balance upto Rs. 1 lakh; 6% p.a on balance above Rs. 1 lakh and upto Rs. 2 lakhs; 4% p.a. on balance above Rs. 2 lakhs and upto Rs. 5 lakhs; and 4% p.a on balance above Rs. 5 lakhs.
3. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
4. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
5. 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

Rates w.e.f. 17th September, 2020

To book a deposit for tenure less than 90 days, please visit the nearest DBS Branch.

Account Maintenance

**Also refer to Important Points to Note.

Debit Card and ATM

**Also refer to Important Points to Note.

Payment Services and Fund Transfer

Demand Draft (DD) Issuance Fees

Other Services

Remittances Fees and Charges

Please note below charges for online outward remittance / overseas transfer for following currency and country combinations.

*Please note that there may be additional charges levied by intermediary or correspondent bank in some cases.

^#GST (Goods & Service Tax) will be levied on the converted gross INR amount. This charge would be deducted from the amount to be paid to the beneficiary. Please find below slab wise GST structure and GST calculation for reference.

Return charges

In case a payment is returned / rejected by the beneficiary bank, the return charges including correspondent banking charges, as applicable, will be levied and amount, net of these charges, will be credited back to your account at prevailing exchange rate.

Other charges - Some banks may apply a Tracer fees. If payment tracer is requested by the customer, applicable charges, will be applied by the intermediary or correspondent Bank / partner.

**Important Points to Note:

1. All monetary values given in Indian Rupees unless otherwise specified.
2. ^^Charges will be levied to the extent of shortfall in balance. For example, if the monthly balance maintained is INR 4,000 (required is INR 5,000), the charge levied will be 20% of the applicable charge (since the balance shortfall is 20%), i.e. INR 40.
3. Goods and Service Tax (GST) will be levied by the bank over and above all the charges.
4. The bank reserves the right to change these rates/charges or re-negotiate them depending upon relationship of a customer.
5. Please go through the Bank’s website dbs.com/in for the updated commission structure payable to the Bank by AMCs for different competing schemes of various Mutual Funds.
6. For Corporate Employee, charges such as Monthly Account Balance, Debit Card Annual Fee, ATM transactions, etc. may be waived based on the overall relationship consideration for the Corporate.
7. Total Relationship Value (TRV) is across all accounts in a family and calculated by aggregating average quarterly saving account balances and end of period term deposits and investments.
8. For customers maintaining TRV >= INR 2 Lacs, charges will not be levied for Monthly Account Balance, Debit Card Annual Fee, ATM transactions and Payment services.
9. In case of insufficient balance in your bank account, bank will not be able to recover applicable fees and GST. GST related information will be available in Bank statement.
10. Debit Card Annual Fee for a particular year will be waived off if a customer spends INR 50,000 or more in a membership year (one year from the date of issuance of the card) on the digibank Debit Card. Spends include domestic as well as international merchant transactions carried on the digibank Debit Card either via an Online channels or on physical POS. Spends do not include ATM withdrawals.

The above rates and fees is applicable from 1st October 2020.