Collections

Cash Pick Up

Ensure the safe delivery of your cash deposits

Safeguard your cash deposits with DBS Cash Pick Up. Our designated service provider will simply collect the cash from your business premises in over 600 locations pan India and deliver your funds directly to DBS on your behalf. If your business involves handling cash on a day-to-day basis with your customers, such as retail merchandising, then you will find this secure and convenient service particularly beneficial. With your cash matters taken care of, you can now focus on running your business efficiently.

 

Why choose DBS Cash Pick Up?

  • Enjoy added convenience by arranging to have your cash collected at your doorstep and sent directly to DBS on the same day for depositing into your account
  • Ensure your cash will be delivered safely and promptly through our designated service provider and our daily pick-ups at over 600 locations
  • Reduce the risk of fraud, accidental loss or mishandling of cash with our cash in-transit insurance, which we provide to ensure your cash is safely delivered to DBS
  • Arrange for the frequency of collection to suit your business needs. On demand cash pick up is available on request and unlimited pick-ups per day can also be arranged

FAQs

How do I know that my funds are safe and what are the charges for this service?

We have insured your cash with our Cash In-Transit Insurance that ensures the cash collected at your premises remains protected till the time it is deposited into your account. The insurance covers the transition and storage of cash during transportation and is highly secure with a hidden code identification mechanism deployed at the time of the cash collection by the authorised personnel.

The charges will vary depending on several factors such as frequency, pick up location and timing. Please call any of our Branches or your Relationship Manager to know more

What is the frequency of collection?

The frequency of collection can be arranged to suit your business needs. For example, you may choose from daily collection to once a week.

Can collections be made after office hours?

Yes, collections can be made after office hours.

Is there a fee charged for this service?

Yes, there is and it depends on your account type:

For Business Entrepreneur’s Account holders, we charge a processing fee of INR 3 per INR 1,000 for cash amount of up to INR 200, 000. Please also note that there may be other transactional costs depending on several factors such as frequency, pick up location and timing

For Business Edge Account holders, we charge a processing fee of INR 2.50 for cash amount of up to INR 200, 000

Where can I get more information?

Please call any of our Branches or your Relationship Manager to know more.