innovative banking

Innovative banking on the go

	One account, many benefits
	Hassle-free online account opening Dedicated Relationship Manager Banking on the go with IDEAL online banking platform Minimum Average Quarterly Balance of INR 50,000

	Assistance in handling FDI transactions
	Dedicated experts to handle FDI transactions Support in the regulatory filings (FCGPR, FCTRS, etc.) Compliance support at pre- and post-transaction stages Quick turnaround time for remittances

	Hassle-free payments and collections
	Encore accounts to reconcile bulk payment for multiple invoices Virtual accounts to easily identify paying customers and the purpose of payments DBS Max for instant QR-based collections from customers and business stakeholders Payment gateway solutions DBS-Tally Integration for integrated e-Payment solutions Seamless statutory tax payments and returns filing

	API suite that integrates with your processes
	DBS RAPID APIs integrate seamlessly into systems and business platforms

	Unique benefits for your staff
	DBS digibank zero balance corporate salary account for your staff Earn redeemable salary credits every month Track and transact via all your bank accounts in DBS digibank app

	Frictionless cross-border banking processes
	Transfer funds to any DBS account across our regional network, instantly Real-time online tracking of cross-border collections with SWIFT GPI Award-winning digital forex solutions Exclusive Treasury and Markets product suite

Our Partners

Alternatively, you can reach us at 1800 103 6500 / 1800 419 9500.

Your new business account is just three steps away

How to open a new business account?

Get ready
Have your company’s UEN and the contact details of all account users on hand to apply in as fast as five minutes.

Complete your application online
Missing some information? You can always save it as a draft to continue later.

Look out for our good news
We will email your account access info upon successful application.

FAQs

	What documents are required to open a Business Account?
	Please refer to our application checklist for the documents required.

	If I don’t live in India, do I have to come down personally to open a Business Account?
	In order for us to better understand the nature of your business, we do require a face-to-face meeting with you before we can open your Business Account.

	I plan to open several accounts under different currencies. Will I have to maintain a minimum balance for each account?
	Yes, a minimum balance must be maintained if you open an INR account. Exchange Earner’s Foreign Currency (EEFC) accounts that are opened in foreign currency require no minimum balance. A fall-below fee will be deducted if your average quarterly credit balance is less than the minimum quarterly balance requirement. For more information, please refer to our pricing guide.

	How is my average daily balance for the quarter calculated, and when will the fall-below fee be deducted from my Business Account?
	Your end-of-day credit balance is tracked throughout each quarter of the year. These balances are then added together and divided by the number of days in the quarter in order to determine your average daily balance. If your average quarterly balance falls below the minimum balance requirement for the account, then a fall-below fee will be deducted at the end of each quarter.

	Are interests paid on balances in Business Accounts?
	Business accounts function as current accounts and do not offer interests as recommended by the Reserve Bank of India (RBI).

	Is there a limit to the number of transactions I can conduct in a day?
	There is no limit to the number of transactions you can conduct per day.

More like a startup, less like a bank.