Updated September 29, 2026 · VaultCue Editorial Team
DBS digibank India vs Up
DBS digibank India
Up
Higher score in this comparison
DBS digibank India vs Up: the differences
| Compare | DBS digibank IndiaReviewSee alternativesSee alternatives | UpReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₹0 | A$0 |
| Free ATM withdrawals | ₹0 | A$0 |
| Transfer fee | Free (RTGS, NEFT, IMPS, UPI P2P online) | Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise |
Same on both: Currency conversion fee (0%).
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Key differences
- Up scores higher overall: 9.4 vs 9.1.
- Support channels: only Up offers Chat, Email.
- Features: only Up offers Joint account.
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.
Up
Up suits anyone who wants an everyday Australian account that charges no monthly fee and no currency conversion fee. The monthly fee is AUD 0, the currency conversion fee is 0%, and the account is provided by Bendigo and Adelaide Bank Limited, with a variable rate on balances.
Score breakdown
| Area | DBS digibank India | Up |
|---|---|---|
| Cost | 9.4Monthly fee of INR 0 with a 0% currency conversion fee, though the savings rate sits at 2.5% to 5%. | 9.4Cash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low. |
| 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. | 9.2HigherBuilt for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879. |
How they place
| Ranking | DBS digibank India | Up |
|---|---|---|
| Current and checking accounts | 78 of 885 | 44 of 885 |
| Savings accounts | 262 of 1420 | 110 of 1420 |
Every fact side by side
| Fact | DBS digibank India | Up |
|---|---|---|
| Audience | Not confirmed | Travelers |
| Pricing model | No monthly fee, Low FX | No monthly fee, Low FX |
| Features | Free ATM | Free ATM, Joint accountCovers more |
| Legal entity | DBS Bank India Limited | Bendigo and Adelaide Bank Limited |
| Headquarters | India | Australia |
| Support channels | Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Savings
| Fact | DBS digibank India | Up |
|---|---|---|
| Headline rate | 2.5% to 5% | Not confirmed |
| Rate type | Variable | Variable |
| Minimum deposit | ₹10,000 | A$0 |
| 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 | On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | DBS digibank India | Up |
|---|---|---|
| Delivery time | Same day if initiated before 11:30 AM IST cut-off, within 24 hours | Not confirmed |
| Payout methods | Bank | Not confirmed |
| Fee to send 1,000 | ₹0 to ₹500 | Not confirmed |
Where each stands against the rest
| Fact | DBS digibank India | Up | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 0%below the median | 0.5% |
Median across 377 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
Up
Pros
- No monthly charge on the everyday account: AUD 0.
- No currency conversion fee: 0%.
- Joint accounts and free cash machine withdrawals are both on the free atm and joint account list.
Cons
- Interest activates only after a set number of eligible card purchases in a month, so a balance must see card spending first.
- The account kind is easy access with a variable rate, so a fixed-rate term is not part of the deal.
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
Up
Who it suits
- People in Australia who want a current account with AUD 0 a month and 0% on currency conversion.
- The travellers Up is aimed at, since its listed audience is travelers.
- Pairs who want to share one account, as a joint account appears under free atm and joint account.
Who should look elsewhere
- Readers who want a euro account rather than an Australian one, since €0 a month at XTB and €0 at AXI Card Tarjeta y Credito sit outside Up's Australian base.
- Anyone focused mainly on moving money rather than holding a bank balance, where Skrill charges €0 a month.
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
Up
Current offer
Bonus
Sign up & SCORE $10 with code UPYEAH10: $10 AUD
Code must be used at sign-up via the Up app; offer only applies to individuals opening a new Up Everyday Account
Source, checked September 26, 2026
Country by country
| Country | DBS digibank India | Up |
|---|---|---|
| Australia | 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.
Up
What does it cost to hold an Up account?+
Up charges a monthly fee of AUD 0 on the everyday account, and the currency conversion fee is 0%. The minimum deposit is AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits are free, while international transfers are sent through Wise.
Who provides the account and what licence is behind it?+
The account comes from Bendigo and Adelaide Bank Limited, Bendigo and Adelaide Bank Limited, which is based in Australia, AU. Up also holds an Australian Credit Licence, 237879, and an Australian Financial Services Licence in Australia.
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DBS digibank India