In Today's Fast-paced world, we all want things to be easy and accessible, and banking is no different. DBS Bank is known for being innovative and offering digital banking solutions. They have something called an Online Savings Account through digibank, which we're going to talk about in this article. We'll show you how to open one and explain all the good things that come with it.
Switching to Digital Banking with Digibank's Online Savings Accounts
Forget about waiting in long lines or dealing with lots of paperwork. DBS's digibank lets you go digital all the way. When you open an online savings account, you get access to special benefits that make your banking experience simpler and more rewarding.
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Features of DBS Savings Account
- Order Cards Easily: Quickly ask for debit and credit cards on the internet or your mobile banking app.
- Unristricted Access: Have the flexibility of a flexible account. Put in or take out money whenever you want, without any restrictions or maximum limits
- Easy Payments: Easily pay for your expenses with your debit card or online banking, making your money dealings simpler.
Steps to Open Online Savings Account in DBS
Opening a DBS Online Savings Account is quick and easy. Here's a step-by-step guide to get started:
1. Visit the digibank Website or App: Begin by visiting the digibank website or downloading the mobile app to initiate the process.
2. Prepare Your Documents: Make sure you have copies of your PAN Card, ID, and Address proof documents ready. This will streamline the online account opening process.
3. Video-KYC: Enhance your account opening experience with a seamless Video-KYC process. You'll need an internet-enabled smartphone or computer with a camera and video calling capabilities.
4. KYC Verification: digibank will verify your KYC (Know Your Customer) details promptly.
5. Receive Account Details: You'll receive your account details via email, and digibank will also send your account starter kit, debit card, and other essential information via postal mail.
6. Welcome to digibank: Congratulations! You are now a proud digibank account holder. While you await your welcome kit, you can start using digibank's fully online Savings Account through their ibanking platform for deposits and transactions.
In no time, you'll have access to a world of convenient and digital banking services through your DBS Online Savings Account. Enjoy the benefits of modern banking at your fingertips!
Advantages of DBS Savings Account
- International ATM-cum-Debit Card: Traveling? Swipe your card anywhere in India or abroad with ease.
- Tailored Account Options: Choose from a variety of account types that suit your needs.
- Exclusive Discounts: Enjoy exclusive discounts on numerous brands and earn reward points every time you use your debit card.
- International Fund Transfers: Initiate international transfers with favorable currency exchange rates and zero handling fees.
- Instant Personal Loans : Access personal loans quickly when you need them.
- Easy Investments: Explore hassle-free investment options.
- Attractive Interest Rates: Make the most of competitive interest rates.
- Paperless Account Opening: Open your account with ease and speed, all without paper forms.
- UPI-Enabled Transactions: Seamlessly manage your transactions with UPI.
Experience modern banking, convenience, and a host of benefits with digibank by DBS.
Interest Rates on Savings Account in DBS
| Account Balance Range (INR) | Interest Rate (%) |
|---|---|
| Up to Rs 1 lakh | 3.25% |
| Above Rs 1 lakh and up to Rs 2 lakhs | 3.50% |
| Above Rs 2 lakhs and up to Rs 3 lakhs | 4.25% |
| Above Rs 3 lakhs and up to Rs 5 lakhs | 7.00% |
| Above Rs 5 lakhs and up to Rs 10 lakhs | 6.00% |
| Above Rs 10 lakhs and up to Rs 20 lakhs | 5.50% |
| Above Rs 20 lakhs and up to Rs 1 Cr | 5.00% |
| Above Rs 1 Cr | 3.00% |