Savings Account - Open Bank Account Online Instantly

DBS Bank Savings Account

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Why Choose a DBS Bank Savings Account?

Open a savings account online with DBS Bank, recognised as Asia’s Safest Bank, now in your neighbourhood. Earn a 5% per annum interest rate, enjoy 5X rewards, and experience seamless and secure banking with the all-in-one digibank app. With a presence in 350 plus cities, we bring world class digital banking closer to you.

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With so many benefits, we call it a benefits account

Enjoy 5X benefits with exclusive offers, memberships, and vouchers:

Amazon Pay Gift Card valued at up to ₹250*

Select one offer from each category according to your lifestyle

Times Prime Lite Membership offering benefits valued at Rs 25,000*

Save up to Rs 25,000 annually with exclusive debit card offers

Times Prime Annual Membership offering benefits valued at Rs 60,000*

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Savings Account Customised for Individual NeedsFind the perfect savings account tailored to your unique financial goals and lifestyle. Whether you're looking to grow your wealth, enjoy premium banking benefits, or streamline your salary, DBS Bank has different types of bank accounts to choose from:

DBS Bank Growth Savings Account

DBS Bank Growth Plus Savings Account

DBS Bank Growth Plus NRE/NRO Savings Account

With DBS Bank, you can open a savings account online based on your needs. Refer to the table below to know what each account offers:

Features	Growth Savings Account	Growth Plus Savings Account	Growth Max Savings Account
Best For	Everyday savings & banking	High-yield savings & financial insights	High achievers seeking premium benefits
Minimum Balance Requirement	INR 10,000	INR 25,000	INR 1,00,000
Interest Rate	Upto 5%	Upto 5%	Upto 5%
Exclusive Debit Card Benefits	Yes	Yes	Yes
Complimentary Lounge Access	No	No	Yes
Zero Charges on Transactions	Yes	Yes	Yes
Wealth Management	No	No	Yes
Access	No	No	Yes

Savings Account Interest RatesDBS Bank offers attractive savings account interest rates of up to 5% per annum to help you not just preserve but grow your personal wealth.

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 rates mentioned above are per annum.If you want to read about the savings account interest rate calculation in detail, click here.Note:

*Interest rate revised as above w.e.f. 24^th Oct 2025.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI

Rates are subject to change at the bank’s discretion and RBI directives

NRO / NRE Savings Account

Savings Account Interest Rate (NRE/NRO)
Balance in Savings Account	Interest Rate Per Annum
Up to Rs.2L	2.50%
Above Rs.2L	3.00%

Note:

*Interest rate revised as above w.e.f. 24^th Oct 2025.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

Powerful Banking Features for a Smarter ExperienceThe DBS Bank digital savings account is designed to help you save smarter and build your wealth in a convenient way. Here’s what makes it the best online savings account for you:

Higher Interest Rates to Maximise Your Savings

Make your money go the extra mile, earn up to 5% interest p.a. on your savings bank account, helping you grow your wealth effortlessly.

Instant Account Opening

With DBS Bank, you can open a savings account online becomes a matter of few minutes through the DBS digibank app, no need to fuss with paperwork or bank visits.

Available Across 350+ Cities

Open an online bank account with DBS Bank and get access to our extensive branch network across 350+ cities, making it easy to manage your funds anywhere, anytime.

Manage Everything with the digibank app

Enjoy online savings account benefits with over 250+ banking services in one app. From bill payments to fund transfers, ensuring security as well as ease of use.

Zero Charges on Everyday Transactions

Make free ATM withdrawals, NEFT, RTGS, cheque books, and SMS alerts. DBS Bank savings account ensures complete transparency with no hidden fees on routine transactions.

International Banking with Local Convenience

DBS Bank’s remittance services offer competitive forex rates, zero bank fees, and same-day international transfers to keep you connected. This makes sending money abroad fast and cost-effective.

DBS digibank app – Your All-in-One Banking AppBank smart with the DBS digibank app, a fully digital savings account experience, which provides access to 250+ banking services. Whether you want to open a new savings account, manage your expenses, grow your wealth, or apply for a loan, digibank gives you complete control over your finances –

Open a savings account online instantly – Skip branch visits and paperwork. Get started in minutes with Video KYC.

Seamless banking on the go – Link and track all your bank accounts, making it easier to manage funds in one place.

Zero OTPs – With the Soft Token integrated into your DBS Bank savings account instantly verifies transactions, you don’t have to wait or memorize OTPs anymore. Enjoy a secure, intuitive platform designed for easy transactions and financial planning –

Effortless payments – Pay bills, transfer funds via UPI, NEFT, RTGS, and schedule transactions with just a few taps. Register your billers, monitor payment status, and schedule payments up to 3 days in advance for added convenience. –

Smart investing made easy – Open a savings account and invest in fixed deposits, mutual funds, and digiPortfolio via the app. Secure assured returns with Fixed Deposits or save with DBS Bank Recurring Deposits. Explore over 250 Morningstar 5-star rated Mutual Funds with expert insights.

Instant loans & credit – Get a personal loan up to ₹15 lakh with a simple, paperless process. Enjoy instant approvals, a free look-in period, and hassle-free loan management.

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Eligibility and DocumentationYou can open a savings account with DBS Bank if you meet the following criteria:

You are a resident Indian.

You are at least 18 years of age.

Maintain a Monthly Average Balance (MAB) of INR 10,000.

Have a valid Aadhaar and PAN card for identification and address verification.

Documents Required for Opening a Savings AccountTo ensure a smooth process when, keep the following documents handy:Proof of Address (Any one of the following)

Aadhaar Card

Voter ID

Utility bill (electricity, gas, water, telephone)

Passport

Driving Licence

Bank passbook or bank account statement

Ration Card

Letter with address, stamped, signed, or recognised by a gazetted officer or public authorityProof of Age and IdentityFor identity verification, you need to submit a document with your photograph attached. You can provide one of the following accepted identity proof documents:

PAN Card

Aadhaar Card

Voter ID

Passport

Driving Licence

Employee ID card with your photograph

Any government-issued photo ID card (state or central)

Passport-sized Photographs Two recent passport-sized photographs are also required along with the above documents.Duly Completed Account Opening FormFinally, complete and review the account opening form. You can fill the form directly on the DBS bank's website or mobile app.Once your documents are verified, the bank will determine your eligibility for a savings account.

How to Open a DBS Bank Savings Account

Opening a DBS Bank Savings Account is quick and seamless, you can start banking in just a few minutes with no branch visits and minimal paperwork.

Steps to open a DBS Bank Savings Account

Visit our website or download the mobile app to open your instant DBS Bank account.

Have your PAN card and Aadhaar card ready for a smooth online onboarding process.

Enhance your account opening process with seamless Video-KYC using your internet-enabled smartphone or computer with camera and video calling features.

DBS Bank will verify your KYC details, and your account will be opened promptly.

That's it - you are now a DBS Bank account holder.

We process your details instantly, and you will receive your welcome kit within days. In the meantime, you can use DBS Bank’s fully online Savings Account via our Internet Banking platform to deposit money and initiate transactions.

Watch this video to learn how to open a DBS Bank account.

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Fees & Charges for Opening a Savings AccountWhen opening a savings account, it’s important to be aware of the associated fees and charges. Here’s a breakdown of what all the fees and charges for a DBS Bank savings account.1.Monthly Average Balance (MAB): To keep your account in good standing, maintain a monthly average balance of INR 25,0002.Non-Maintenance Charges: If you fall short of the required balance, a fee of 4% of the shortfall amount will be charged, up to a maximum of INR 400.3.Account Closure: If you decide to close your account within six months of opening, there are no charges—it’s completely free!4.Debit Card Replacement: In case your debit card is lost, stolen, or damaged, a replacement fee of INR 150 will apply.5.Annual Debit Card Fee: Starting from the second year, an annual fee is charged for your debit card. For Classic and Platinum cards, it’s INR 150, while Signature cards incur a fee of INR 299.6.International Transactions: For cash withdrawals abroad, a fee of INR 125 is charged. Non-financial transactions, such as balance inquiries, will cost INR 25.For the most current and detailed information on fees and charges, please visit DBS Bank Savings Account Fees and Charges.

Think That's All? There's even more to discover!

Whether it's smarter savings, better investments, easy personal loans, or international fund transfers, your digibank is designed to enhance your life. It's so easy, it feels like magic!

Personal Loan

Accelerate your life with instant, paperless DBS Bank personal loans of up to ₹15 lakh.

Fixed Deposit

Prepare for contingencies and rainy days with fixed deposits offering competitive interest rates.

Recurring Deposit

Make goal-oriented savings effortlessly at a competitive interest rate!

Remittance

Ensure love and life stay on track with instant international transfers at no extra cost.

Insurance for Every Need

We offer comprehensive coverage with family health insurance plans, automobile insurance, and travel insurance.

What is a Savings Account?

A savings account is a secure bank account that allows you to deposit money, earn interest, and access funds anytime. It helps you manage your finances while keeping your money easily available.

How can one transfer money from a Savings Account?

Transferring money from your savings account can be accomplished through several methods, each catering to different needs and preferences:

Immediate Payment Service (IMPS): IMPS enables instant 24/7 fund transfers. You'll need the recipient's bank account number and IFSC code. This service is ideal for urgent transfers.

National Electronic Funds Transfer (NEFT): NEFT is suitable for non-urgent transactions and operates in half-hourly batches throughout the day. It requires the beneficiary's account details and IFSC code.

Real-Time Gross Settlement (RTGS): Designed for high-value transactions, RTGS facilitates real-time fund transfers during banking hours. Like NEFT, you'll need the recipient's account number and IFSC code.

How can one choose the best savings bank account?

Is PAN card compulsory to open a savings account?

When does a savings account become dormant?

A savings account becomes dormant if there are no transactions (deposits, withdrawals, or balance inquiries) for a specified period, usually 12 months. However, this period may vary based on the bank’s policy. Understanding the types of deposit accounts available can help you choose the right one to maintain an active banking relationship and avoid dormancy.

How is the Average Monthly Balance (AMB) requirement calculated for savings account?

The Monthly Average Balance (MAB) is calculated by adding the end-of-day balance of your account for each day in the month and dividing the total by the number of days in that month. This gives the average balance maintained during the month.

What is the interest rate on savings account?

Interest rates on savings accounts vary by bank and balance. For DBS Bank India, the rate ranges from 3.25% to 5% per annum, depending on the balance and type of account. To estimate your potential earnings, use a savings account interest calculator to get accurate projections based on your balance. Since rates are subject to change, it’s always best to check with DBS Bank directly for the latest updates.