Account Interest Rates per annum

digiSavings digibank e-wallet
Balance up to Rs. 1 lakh will get 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 5.5% 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. 16th September 2019.
  2. *Interest rate up to 15th September 2019 is: 5.5% p.a on balance upto Rs. 1 lakh and 5% p.a on balance of above Rs. 2 lakhs and upto 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. 9th October, 2019

  Fixed Deposits Recurring Deposits
90 days   5.5%
91 to 180 days 5.75% 5.75%
181 to 269 days 6.25% 6.25%
270 to less than 1 year 6.5% 6.5%
1 year to 15 months 6.75% 6.75%
15 months 1 day to less than 2 years 6.25% 6.25%
2 years & less than 2 years 6 months 6.25% 6.25%
2 years & 6 months 6.25% 6.25%
2 years 6 months 1 day & less than 3 years 6.25% 6.25%
3 years and less than 4 years 6.5% 6.5%
4 years to less than 5 years 6.5% 6.5%
5 years and above 6.5% 6.5%

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

 

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:

  1. Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
  2. Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
  3. 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.
  4. Goods and Service Tax (GST) will be levied by the bank over and above the charges.
  5. The bank reserves the right to change these rates/charges or re-negiotiate them depending upon relationship of a customer.
  6. * 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.
 

Remittances Fees and Charges


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

Currency and Country Bank Fee Agent Fees GST#
  • USD to USA
  • GBP to United Kingdom
  • AUD to Australia
  • EUR to Eurozone
  • HKD to Hong Kong
  • SGD to Singapore
  • CAD to Canada
Free Not applicable As applicable from time to time, will also be applied to your transaction
Any other currency / country combination INR 500 Agent fees, if applicable, will be charged*

*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.

Gross amount of currency exchanged Derived Value on which GST will be charged GST on derived Value (for rate@ 18% w.e.f July 1, 2017)
Up to INR 100,000 1% of gross amount exchanged, subject to minimum amount of INR 250 INR 180 (For exchange amount of INR 1,00,000)
From INR 100,001 to INR 10,00,000 INR 1,000 for Exchange amount of INR 1,00,000 plus 0.5% on remaining amount exchanged INR 990 (For exchange amount of INR 10,00,000)
Above INR 10,00,000 INR 5,500 for Exchange amount of INR 10,00,000 plus 0.1% on remaining amount exchanged, subject to maximum of INR 60,000 INR 1,170 (For exchange amount of INR 20,00,000)

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.