Updated September 29, 2026 · VaultCue Editorial Team
DBS digibank India vs Mox Bank
DBS digibank India
Higher score in this comparison
Mox Bank
DBS digibank India vs Mox Bank: the differences
| Compare | DBS digibank IndiaReviewSee alternativesSee alternatives | Mox BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₹0 | HK$0 |
| Transfer fee | Free (RTGS, NEFT, IMPS, UPI P2P online) | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 |
| Currency conversion fee | 0% | Not confirmed |
| Currencies | Not confirmed | 17 |
| Free ATM withdrawals | ₹0 | Not confirmed |
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Key differences
- DBS digibank India scores higher overall: 9.1 vs 8.6.
- Support channels: only Mox Bank offers Email, Community.
- Features: only DBS digibank India offers Free ATM.
- Features: only Mox Bank offers Digital only.
Our verdict on each
DBS digibank India
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.
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
Score breakdown
| Area | DBS digibank India | Mox Bank |
|---|---|---|
| Cost | 9.4HigherMonthly fee of INR 0 with a 0% currency conversion fee, though the savings rate sits at 2.5% to 5%. | 9.1 |
| Offer | 8.6Savings pay 2.5% to 5% at a variable rate, but the account is an easy access account with a INR 10,000 minimum. | 8.9HigherA variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. |
| Trust | Not confirmed | 8.1 |
How they place
| Ranking | DBS digibank India | Mox Bank |
|---|---|---|
| Savings accounts | 262 of 1420 | 559 of 1420 |
| Money transfer services | 194 of 1564 | 425 of 1564 |
Every fact side by side
| Fact | DBS digibank India | Mox Bank |
|---|---|---|
| Pricing model | No monthly fee, Low FX | No monthly fee, Low FX |
| Features | Free ATM | Digital only |
| Legal entity | DBS Bank India Limited | Mox Bank Limited |
| Headquarters | India | Hong Kong |
| Founded | Not confirmed | 2020 |
| Support channels | Phone, Help centre | Email, Phone, Help centre, CommunityCovers more |
Savings
| Fact | DBS digibank India | Mox Bank |
|---|---|---|
| Headline rate | 2.5% to 5%Higher | 0.001% |
| Rate type | Variable | Variable |
| Minimum deposit | ₹10,000 | Not confirmed |
| Access terms | Monthly Average Balance of INR 10,000 for the DBS Bank Savings Account; balance non-maintenance charge 6% of shortfall up to INR 500, charged monthly | Interest credited daily to the Mox Account; savings balance usable for daily purchases |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | DBS digibank India | Mox Bank |
|---|---|---|
| Delivery time | Same day if initiated before 11:30 AM IST cut-off, within 24 hours | 20 seconds to 1 week |
| Payout methods | Bank | Bank, WalletCovers more |
| Fee to send 1,000 | ₹0 to ₹500 | HK$0 |
Where each stands against the rest
| Fact | DBS digibank India | Mox Bank | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | Not confirmed | 0.5% |
| Currencies | Not confirmed | 17highest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
DBS digibank India
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
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
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
Who each suits
DBS digibank India
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
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
Current offers
DBS digibank India
Current offer
Bonus
Remittance exchange-rate offer on DBS Treasures: Save up to INR 17,000 with exclusive exchange rates
Terms marked with an asterisk on the DBS Treasures India page
Source, checked September 26, 2026
Bonus
Zero bank fee international remittance and LRS transfers: Zero fees, over 180 countries
Same-day transfer only if made before the 11:30 AM cut-off time for most currencies; T&C apply
Source, checked September 26, 2026
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
Source, checked September 26, 2026
Country by country
| Country | DBS digibank India | Mox Bank |
|---|---|---|
| Hong Kong | No | Yes |
| India | Yes | No |
Questions about each
DBS digibank India
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.
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
Other options to compare
Related by the facts
DBS digibank India
Mox Bank