DBS Elite

At a glance

DBS e-Lite Digital business account is customised to help your business expand, grow and navigate dynamic market conditions. No minimum balance requirement for first 6 months.

Banking solutions, tailormade for your needs

	One account, many benefits
	Hassle-free online account opening Banking on the go with IDEAL online banking platform Average Quarterly Balance up to INR 50,000

	Hassle-free payments
	Instant DBS to DBS fund transfer Tally Integrated e-Payments Free 24x7 payments online

Solutions beyond banking

Free Tally plug-in for your account

3-Months GST filing free

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

Email: [email protected]

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Your new business account is just 3 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 5 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 (every three months). 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 a day?
	There are no limits to the number of transactions per day.