DBS digibank India review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
DBS digibank India suits people in India who want a free everyday account and will keep a working balance. The monthly fee is INR 0 and the account earns 2.5% to 5%, so the money only works harder once the balance sits above the INR 10,000 mark.
Key facts
- Best for
- A free Indian everyday account with a variable savings rate on the same balance.
- Monthly fee
- ₹0↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- ₹0↗
- Transfer fee
- Free (RTGS, NEFT, IMPS, UPI P2P online)↗
- Legal entity
- DBS Bank India Limited↗
- Headquarters
- India↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee, Low FX fees
- Features
- Free ATM withdrawals
- Official website
- dbs.com
Savings
Money transfer
- Delivery time
- Same day if initiated before 11:30 AM IST cut-off, within 24 hours↗
- Payout methods
- Bank↗
- Fee to send 1,000
- ₹0 to ₹500↗
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXyoutube.com
Pros and cons
Pros
- No monthly account charge, with a monthly fee of INR 0
- Currency conversion of 0% makes it cheap for spending abroad
- Savings pay 2.5% to 5% on a variable basis
- Help is available by phone and through a help centre via phone and help centre
Cons
- A INR 10,000 minimum deposit is needed to earn the 2.5% to 5% rate
- Support runs on phone and help centre only
Who it suits
- Anyone in India paying rent, bills and salary in rupees
- People who want the free ATM withdrawals in free atm
- Anyone paid in from overseas, since Free (RTGS, NEFT, IMPS, UPI P2P online) covers it
Who should look elsewhere
- People who need a chat or branch channel rather than phone and help centre
- AXI Card Tarjeta y Credito, which charges a monthly fee of €0 on a card offer
Fees and currency costs
There is no monthly charge to hold the account: the fee is INR 0. Currency conversion costs 0%, which keeps card spending abroad cheap. Transfers are covered too, since Free (RTGS, NEFT, IMPS, UPI P2P online) covers RTGS, NEFT, IMPS and UPI person to person online. Remittance charges run INR 0 to INR 500 where they apply. The catch sits with the balance rule rather than any bill.
Who runs it
The account is operated by DBS Bank India Limited, which is headquartered in India. Customers are looked after by phone and through an online help centre, as phone and help centre shows. There is no branch or chat channel listed, so anything that needs a conversation starts with a call. The legal entity name is the one to quote if a payment goes wrong.
How DBS digibank India compares
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Where DBS digibank India is available
- Available
- India
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee for the DBS digibank India account?+
No. The monthly fee is INR 0, so holding the account costs nothing in fees. Spending abroad is also cheap because the currency conversion fee is 0%. The account is a easy access account, which suits day to day banking in India.
How much interest do I earn, and does it change?+
The headline rate runs 2.5% to 5% and the rate type is variable, so the figure moves with the bank's rates rather than being locked in. The rate sits above the site median of 3%. Keep the balance at or above INR 10,000 to earn it.
What happens if my balance drops below the required amount?+
A monthly average balance of INR 10,000 is required for the DBS Bank Savings Account. Falling short brings a non maintenance charge, applied each month as a share of the shortfall and capped at a set level. Read the schedule of charges before you open it.
Are ATM withdrawals free?+
Yes. Free ATM withdrawals are part of what this account offers, as free atm records, with an allowance of INR 0 listed separately. Cash handling through the account is therefore one of the areas where no extra charge is listed.
What does it cost to send and receive money?+
Transfers are listed as Free (RTGS, NEFT, IMPS, UPI P2P online), covering RTGS, NEFT, IMPS and UPI person to person online. Remittance fees run INR 0 to INR 500 for the remittance service. Payouts go to a bank account, as bank shows.
How do I get help if something goes wrong?+
Support runs on phone and help centre, meaning a phone line and an online help centre. A branch visit or live chat is not part of what is listed, so a call is the fastest route for a payment dispute. Quote the legal entity DBS Bank India Limited if the issue concerns a specific account.
Sources
- dbs.com checked September 26, 2026
Backs: Headquarters
“India - DBS Bank India Limited, First Floor, Express Towers, Nariman Point, Mumbai 400 021, India”
- dbs.com/digibank/in/schedule-of-charges.page checked September 26, 2026
Backs: Access terms, Account kind, Free ATM withdrawals, Features, Currency conversion fee, Legal entity, Minimum deposit, Pricing model, Monthly fee, Transfer fee
“DBS Bank Savings Account ... Monthly Average Balance requirement ₹ 10,000”
- dbs.com/in/treasures/common/interest-rates.page checked September 26, 2026
Backs: Headline rate, Rate type
“Savings Account Interest Rate (Domestic) Balance in Savings Account Interest Rate Per Annum Up to Rs.2L 2.50% Above Rs.2L and up to Rs.50L 5.00% Above Rs.50L 4.00% ... Interest rate revised as above...”
- dbs.com/in/treasures/deposits/pay-with-ease/remittance-se... checked September 26, 2026
Backs: Delivery time, Payout methods, Fee to send 1,000
“Remittance payments are transferred within 24 hours to over 200 countries”
- dbs.com/in/treasures/personal-banking.page checked September 26, 2026
Backs: Support channels
“Visit any of our branches. Call our hotline at 1860 267 1234 / 1800 209 4555”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.
Related by the facts
DBS digibank India
A free Indian everyday account with a variable savings rate on the same balance.