Promotions
Mobile Transfer Program
DBS Bank Refer & Earn

The digibank Mobile Transfer Program

Refer a friend and get ₹250

Invite and transfer money  to your friends to DBS Bank to start earning cashback!

Just send a mobile transfer to a Friend’s mobile number and you both get ₹250 cashback when they open a Savings Account on digibank app and maintain  ₹20,000 daily balance in their account for 15 days since account opening date. Your Friend gets additional ₹250 cashback on doing total merchant spends of ₹1000 within 15 days from account opening date. You can invite up to 20 friends every month and earn up to ₹5,000. So get started now!

How It Works

  1. Transfer ₹1 or more to your Friend using the ‘Refer and Earn’ option in the digibank app. Select ‘Refer & Earn’ and simply enter the mobile number of your Friend to transfer money (‘Mobile Transfer’)
  2. The mobile transfer must be sent during the promotional period (see FAQs below)
  3. Your Friend must be a non-existing digibank customer and should open a new DBS Bank Savings Account using the digibank app within 15 days of receiving the mobile transfer
  4. To qualify for cashback of  ₹250 for both you and your Friend for this transfer, your friend must maintain a daily balance of ₹20,000 in the account for minimum 15 days since date of account opening.
  5. Additionally, your Friend can get ₹250 cashback if he/she does total merchant spends of ₹1000 within 15 days from account opening date
  6. Merchant spends will include spends done via UPI, Debit Card, Billpay or Recharge

Frequently Asked Questions

What is the promotion period for the Refer & Earn Program?

The program will be effective from 18th June, 2024 to 31st March, 2025, both days inclusive.

Who can I transfer funds to under this program and receive cashback?

You can transfer funds to all Friend/s and relatives who are over 18 years old and residing in India (i.e., anyone who is eligible to open a DBS Savings Account). If your Friend/s is an existing DBS account holder (e-wallet or DBS Savings Account) or the transfer was made outside of the promotion period, you and your Friend/s will not be eligible for cashback.

When will I receive the cashback?

The invitation is complete when the Friend/s you have sent a mobile transfer to open a new DBS Savings Account on digibank app within 15 days of receiving the SMS link and maintains ₹20,000 daily balance in their account for 15 days since account opening date. ₹250 cashback will be credited to your DBS Savings Account within 60 days of this date .

When will my friend receive the cashback?

The invitation is complete when the Friend/s you have sent a mobile transfer to open a new DBS Savings Account via digibank app and maintains  ₹20,000 daily balance in their account for 15 days since account opening date. ₹250 cashback will be credited to your Friend/s' DBS Savings Account within 60 working days of this date . If your Friend also does ₹1000 merchant spends within 15 days from account opening date, your Friend will also get additional ₹250 cashback within the same time frame as mentioned above.

Who will get the cashback if two people have transferred funds to the same friend?

The person who transferred funds first will receive the cashback.

Can I still get cashback if I transfer funds to existing DBS account holders?

No. You and your Friend are eligible for cashback only if you transfer money to Friend/s who are new to DBS BankTransfers made to existing DBS bank account holders under the Mobile Transfer Program are not eligible for cashback.

Once I have sent the mobile transfer to my Friend/s, how soon must they open a DBS Savings Account to be eligible for cashback?

Your Friend/s must open a DBS Savings Account within 15 days of receiving the mobile transfer. If they do not open the Savings Account within 15 days, the transferred funds will be credited back to your account.

What happens if my friends open a DBS Savings Account more than 15 days after I transfer funds to them?

You and your Friend/s will not be eligible for cashback if your Friend/s open an account after the 15-day limit, even if this occurs during the promotion period.

What are the different spends to be considered under merchant spends?
The spends that can be considered for merchant spends are UPI merchant spends (UPI P2M), Debit Card Merchant Spends or spends done via Billpay or Recharge feature in the digibank app.