DBS/POSB to provide SGD 23 million worth of savings and support to customers and beneficiaries with SG60 initiatives

[From left] Sharon Tan, Head of SME Banking, DBS; Joey Pang, Chief Operating Officer, DBS Singapore; Nelson Neo, Head of POSB; Lim Him Chuan, DBS Singapore Country Head; Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong; Yeo Wan Ling, Member of Parliament for Punggol GRC; Janil Puthucheary, Senior Minister of State for Education & Sustainability and the Environment; and Calvin Ong, Head of Consumer Banking, DBS Singapore, at the launch of the DBS/POSB SG60 Pop Up, part of the series of community engagement roadshows that the bank is running this year.

DPM Gan Kim Yong using PayLah! for a purchase at One Punggol hawker centre.

DPM trying out the ‘Spin the Wheel’ game at DBS/POSB’s first SG60 Pop Up event.

bank’s suite of support measures for customers amid rising everyday expenses^[END]APPENDIXDBS/POSB’s SGD 23 million savings and support package that aims to:

1) Ease everyday expenses & living costs

PayLah! SGD 3 cashback initiative every Saturday

12 July 2025 to 27 September 2025

SGD 0.60 F&B deals at Old Chang Kee, BreadTalk, Toast Box and Polar Puffs and Cakes

1 July 2025 to 30 September 2025

POSB HDB 3-year fixed mortgage package with fixed rate from 2.28%; existing homeowners who refinance will receive SGD 2,000 with minimum loan of SGD 200,000

Ongoing

Salary credit:

For Singaporeans, register & credit salary to any DBS/POSB account and get rewarded with SGD 300 cash

For Full-Time National Servicemen (NSFs), honouring their service in celebration of SG60 – enjoy the SGD 300 cash reward by crediting a minimum of SGD 500 monthly NS allowance

Between 1 July 2025 to 31 December 2025

Ongoing

SGD 0.60 deals for rice (1kg pack) and oil (500ml bottle) at Sheng Siong Supermarket

15 March 2025 to 30 June 2025

2) Defray business costs

Enhanced Heartland Merchant Banking Package offering SGD 1,880 worth of support benefits:

6 months’ free NETS terminal fees (worth SGD 300)
6% cashback for spends on Business Advance+ Debit Card
Free GIRO and FAST payments worth up to SGD 420
SGD 60 cashback (minimum daily balance of SGD 20,000 over 3 months)
60% off processing fees for working capital loans
First year waiver on account fees and no minimum balance

Ongoing

3) Uplift vulnerable communities/seniors

DBS Foundation’s Nutrition and Social Connection programme to support 6,000 vulnerable seniors across 12 ageing towns over two years:

Every week: Provision of twice weekly nutritious meals
Every month: Befriending of seniors via bonding and enrichment activities by bank’s 14,000 employees
Every quarter: Bank employees will also engage seniors by accompanying them on supermarket shopping trips where they can purchase SGD 60 worth of groceries and household essentials for free

From August 2025 to August 2027

4) Curate multi-generational experiences

Exclusive SG60 partnerships with Mandai Wildlife Reserves:

SGD 60 for 2 admission tickets to either Singapore Zoo & River Wonders
Early access to new experiences: Colugo Camp launch, Rainforest Wild Asia
Kids learning experience at Zoo School

Until 31 August 2025

Complimentary sunset sail rides for members of the public

Friday evenings from September 2025

Free programmes showcasing Singapore arts, poetry and film for members of the public at DBS Foundation Outdoor Theatre at the Esplanade

Every weekend

Tours for seniors at the newly re-opened DBS Singapore Gallery at the National Gallery

Every weekend from August 2025

POSB ‘Support Our Heartlands’ Getai roadshows and financial literacy carnivals

Ongoing

^{About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.}