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DBS Savings Bank Account
A Savings Account helps you earn interest while saving money. With a DBS Bank Savings Account, you can enjoy modern intelligent banking solutions, including digital gold investments and top-rated mutual fund schemes. Experience the convenience of DBS Bank’s fully digital Online Savings Accounts and enjoy personalized privileges.
Benefit from exclusive rewards, discounts, instant fund transfers, diverse investment options, and mobile banking—all accessible from your phone or computer. Achieve your goals quickly with digital and paperless Personal Loans, or make instant international money transfers using DBS Bank Remit.
With so many benefits, we call it a benefits account
Enjoy 5X benefits with exclusive offers, memberships, and vouchers:
Amazon Pay Gift Card valued at up to ₹250*
Select one offer from each category according to your lifestyle
Times Prime Lite Membership offering benefits valued at Rs 25,000*
Save up to Rs 25,000 annually with exclusive debit card offers
Achieve your ideal lifestyle with just a click using the DBS Bank Savings Account.
To streamline every aspect of your financial life, simply open a DBS Bank Savings Account—your comprehensive solution for all banking needs:
Competitive Interest Rates
Maximize the potential of your idle funds. Earn attractive interest rates on deposits held in your DBS Bank account.
Instant Account Opening - Online!
Why go to the bank when you can open your account from home? With DBS Bank’s paperless online Savings Account, you can open your account anytime, anywhere. Download the digibank app now for instant access to a DBS Bank account.
Lower Minimum Average Balance Requirement and Unlimited Deposits
You must maintain a monthly average balance of Rs. 10,000 in your DBS Bank account. Deposit any amount of your choice conveniently, without worrying about maximum caps on deposits.
Intuitive Platform Access for Banking Needs
Access your instant DBS Bank account on-the-go with our intuitive Internet Banking platforms. While the digibank app provides all banking features on your smartphone, we also offer the DBS Bank Internet Banking platform for those who prefer the big screen experience.
DBS Bank Delights
Take charge of your transactions and indulge in exclusive DBS Bank perks with the DBS Bank Debit Card. Manage your card from your phone, enjoy unlimited ATM withdrawals, and receive special discounts at top global and national brands. With a wide array of offers across various categories, you’ll be spoiled for choice. Tailor your selections to suit your current lifestyle needs.
Savings Account Interest Rates
An Instant Savings Account with DBS Bank offers attractive interest rates and great benefits for your savings.
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DBS Bank Savings Account |
|
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Up to Rs.1 lakh |
3.25% |
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Above Rs.1 lakh and up to Rs.2 Lakhs |
3.50% |
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Above Rs.2 Lakhs and Upto Rs.3 Lakhs |
3.50% |
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Above Rs.3 Lakhs and Upto Rs.4 Lakhs |
3.50% |
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Above Rs.4 Lakhs and Upto Rs.5 Lakhs |
7.00% |
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Above Rs.5 lakhs and up to Rs.10 lakhs |
5.00% |
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Above Rs.10 lakhs and up to Rs.50 lakhs |
4.00% |
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Above Rs.50 lakhs and up to Rs.1 Cr |
5.00% |
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Above Rs.1 Cr |
3.00% |
*Interest rates mentioned above are per anum
Note:
- *Interest rates revised as of 14th June 2024.
- Interest will be credited at quarterly intervals or at intervals decided by the Bank.
- Interest will be calculated based on the daily available balance or as required by regulatory guidelines or the Bank's discretion.
- Interest rates are subject to change at the discretion of the Bank and/or in compliance with RBI directives.
Here's an overview of the offer details
Amazon Pay Gift Card valued at up to ₹250*
+
Explore the details of the 5X Benefits available to you.
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An offer bundle featuring benefits worth over ₹5,000 across Entertainment, Health, Dining, and Shopping. Select ONE offer from each category based on your lifestyle.
+
+
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How to redeem the offers?
1
To receive the Amazon Pay Gift Card valued at ₹250 or ₹100, maintain a Monthly Average Balance of ₹25,000 or ₹10,000 in the month following the account opening, irrespective of the account opening date.
2
Enjoy offers worth ₹5,000 from brands like Amazon Prime, Cult.Fit, Swiggy, and more by spending ₹2,000 on your Debit Card before the end of the month following the account opening month.
3
To receive a TimesPrime Lite Annual membership with benefits worth ₹25,000, accumulate ₹10,000 in spending on your Debit Card by the end of the third month following the account opening.
Banking with DBS Bank: Convenience-First and Solution-Ready
Your account offers immediate solutions for all your banking needs in one convenient platform. Here's what you can expect:
Remote Universal Banking
Why juggle multiple mobile apps for different bank accounts when you can seamlessly integrate them all onto your DBS Bank Account?
No OTPs Needed
Gone are the days of waiting for OTPs to start your financial transactions. The built-in Soft Token on your DBS Bank online account securely verifies all transactions instantly, speeding up your payments.
Spends Optimizer Feature
Monitor all your expenses across different categories closely to plan your budgets and investments effectively. Utilize the Spends Optimizer feature for informed, intelligent decisions.
Instant Account Details Sharing
Say goodbye to the manual and tedious process of typing or copy-pasting your account details when sharing them with payees. Now, you can share your account details instantly with just a click.
Goal-Based Savings
Turn your dreams into reality with the goal-based savings features of your DBS Bank Savings Account. Whether it's purchasing the latest smartphone, stylish designer bags, or embarking on a dream vacation around the world, you can achieve it effortlessly with your DBS Bank account.
Contactless Payments
Forget swiping - now just a tap will suffice. Utilize the Scan & Pay and Tap to Pay features on your RFID-enabled DBS Bank debit cards for instant, secure transactions anytime, anywhere.
Effortless Bill Management
Stay on top of your utility bills - Telecom, Electricity, Gas, Insurance, and more - with ease. Register your billers, monitor payment statuses, and schedule payments up to 3 days before the due date for added convenience.
Online Fund Transfers
Easily transfer funds to recipients across India and internationally using our online fund transfer services. Initiate high-value transactions through NEFT, IMPS, and RTGS payment systems. With DBS Bank Remit, enjoy seamless global money transfers with zero handling fees, preferential conversion rates, and 100% credit to recipients instantly.
Effortless Investments
Utilize your account funds to establish secure Fixed Deposits for assured returns, or opt for goal-oriented savings with DBS Bank Recurring Deposits. Explore a selection of over 250 5-star rated Mutual Funds by Morningstar, supported by expert insights into investment opportunities.
Quick Loans
Achieve your aspirations with DBS Bank’s instant, paperless, and digital Quick Loans. Transform your wish-list into action with Personal Loans up to ₹15 lakh. Benefit from instant approvals, a free look-in period, and easy loan management.
Quick Check: Eligibility Requirements for Opening a Savings Account
You can open a savings account with DBS if:
You are a Resident Indian
You are at least 18 years of age
Additionally, you'll need a mobile phone number registered in India, an email address, and a compatible iOS or Android smartphone to open an online savings account.
Just a few documents, and your Savings Account will be ready
You will need your PAN card and Aadhaar card during the online bank account opening process.
Open a Savings Account online in no time!
Experience instant onboarding with our online account opening process. It’s as simple as it gets.
Visit our website or download the mobile app to open your instant DBS Bank account.
Have your PAN card and Aadhaar card ready for a smooth online onboarding process.
Enhance your account opening process with seamless Video-KYC using your internet-enabled smartphone or computer with camera and video calling features.
DBS Bank will verify your KYC details, and your account will be opened promptly.
That's it - you are now a DBS Bank account holder.
We process your details instantly, and you will receive your welcome kit within days. In the meantime, you can use DBS Bank’s fully online Savings Account via our Internet Banking platform to deposit money and initiate transactions.
Think That's All? There's even more to discover!
Whether it's smarter savings, better investments, easy personal loans, or international fund transfers, your digibank is designed to enhance your life. It's so easy, it feels like magic!
Personal Loan
Accelerate your life with instant, paperless DBS Bank personal loans of up to ₹15 lakh.
Fixed Deposit
Prepare for contingencies and rainy days with fixed deposits offering competitive interest rates.
Recurring Deposit
Make goal-oriented savings effortlessly at a competitive interest rate!
Remittance
Ensure love and life stay on track with instant international transfers at no extra cost.
Insurance for Every Need
We offer comprehensive coverage with family health insurance plans, automobile insurance, and travel insurance.
Frequently Asked Questions
A Savings Account is the most common type of account offered by banks and financial institutions. It is an interest-generating deposit account that enables you to park the funds you intend to use for your short-term needs. Banks typically provide modest interest rates on funds deposited in the Account. They also offer several complementary services and facilities with your Savings Account, thereby enabling you to access the account conveniently. For instance, you get an international ATM-cum-debit card, access to internet banking, free cheque book, etc., with your instant DBS Bank account.
You can conveniently request cheque books, debit and credit cards through the online or mobile banking platform linked to your account. It is a flexible account allowing daily withdrawals and unlimited deposits. You can also make payments for various expenses using your debit card or via the internet banking platform.
As a DBS Bank account holder, you receive an international ATM-cum-debit card for convenient use both in India and abroad. Choose from a diverse range of accounts tailored to your needs. Enjoy exclusive discounts at numerous brands, along with earning reward points and cashback every time you use your debit card. Benefit from preferential currency exchange rates and zero handling fees on international fund transfers. Additional perks include instant access to personal loans, seamless investment opportunities, attractive savings account interest rates, a paperless account opening process, and UPI-enabled transactions.
According to RBI guidelines, for deposits exceeding ₹50,000 in a single day or transaction, PAN card details are required.
Click here to learn about the charges for not maintaining the average balance.
The bank calculates it by summing the end-of-day account balances for all days of the month and dividing by the number of days.
DBS Bank credits interest on account deposits quarterly. The bank reserves the right to adjust interest rates and payment intervals as needed.
Related Links
Our Products
- Savings Account
- Personal Loan
- Fixed Deposit
- Recurring Deposit
- Remittance
- Mutual Fund
- SIP
- Debit Card
- Bill Payment
- Internet Banking
- Travel Now
- PRIME Savings Account
- Safe Deposit Locker
Need Help?
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+91 44 6685 4555 - Help & Support
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Interest Rates & Calculators
- FD Interest Rates
- RD Interest Rates
- Personal Loan Interest Rates
- Savings Account Interest Rates
- Savings Account Interest Calculator
- FD Calculator
- RD Calculator
- Mutual Fund Calculator
- EMI Calculator
- SIP Calculator
- Lumpsum Calculator
- Financial Goal Calculator
- Monthly Investment Calculator
- ELSS Calculator
- Personal Loan EMI Calculator
Open Instant DBS Bank Savings Account
