Rates and Fees
Account Interest Rates per annum
| digiSavings | digibank e-wallet |
|---|---|
| Balance up to Rs. 1 lakh will get 5.5% 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:
- *Interest rate revised as above w.e.f. 5th April 2019.
- Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
- Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
- 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. 30th March, 2019
| Fixed Deposits | Recurring Deposits | |
|---|---|---|
| 90 days | 5.5% | |
| 91 to 180 days | 5.75% | 5.75% |
| 181 to 269 days | 6.5% | 6.5% |
| 270 to less than 1 year | 6.75% | 6.75% |
| 1 year to 15 months | 7.5% | 7.5% |
| 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% | 7% |
| 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 and above | 7% | 7% |
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 5 free transactions p.m.) | – |
| Domestic balance enquiry/non financial transactions on non-DBS ATMs | 8.5(chargeable after first 5 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:
- Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
- Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
- 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.
- Goods and Service Tax (GST) will be levied by the bank over and above the charges.
- The bank reserves the right to change these rates/charges or re-negiotiate them depending upon relationship of a customer.
- * Please go through the Bank’s website www.dbs.com/in for the updated commission structure payable to the Bank by AMCs for different competing schemes of various Mutual Funds.