DBS Bank Savings Account

What is a DBS Bank Savings Account

DBS Bank savings account allows its customers to save their money safely with a regulated banking institution and earn interest on their deposits. Interest is calculated on the balance at the end of each day and is accrued periodically. The account also offers online banking facilities such as internet banking, mobile banking, and debit card facilities to easily carry out transactions. The sweep in FD facility enables the customers to tie their accounts to fixed deposits so that they receive DBS Bank FD interest rates. 

DBS Bank Savings Account Interest Rates

The following table provides a general representation of savings account interest rates that may apply depending on the balance maintained.

*DBS Bank Savings account interest rates w.e.f. October 24, 2025

Types of DBS Bank Savings Accounts

DBS Bank provides a variety of savings account services that meet the financial needs and banking preferences of different customers.

1. DBS Bank Growth Savings Account: 

   It offers convenient online and mobile banking facilities with competitive savings account interest rates.

2. DBS Bank Savings Account: 

   With the savings account, customers can deposit money safely and receive savings account interest rates with access to debit cards.

3. Growth Plus Savings Account: 

   It provides the customers with the best savings account features, as it includes reward benefits, Lifestyle offers, and digital banking.

4. Growth Max Savings Account: 

   It gives premium banking services in the form of unique memberships and reward benefits, and higher transaction limits to its customers.

5. Corporate Salary Account: 

   The DBS Bank Corporate Salary Account is created to suit salaried individuals with salary credits, digital banking, debit cards, and hassle-free transactions.

6. DBS Bank Savings Plus NRE & NRO Accounts: 

   The accounts are meant to enable Non-Resident Indians to store the income in India through digital banking and easy fund transfer services.

7. Savings Power Plus NRE & NRO Accounts: 

   The Savings Power Plus NRE and NRO accounts have better banking options and digital banking services for the NRIs who are managing their finances in India.

8. Basic Savings Bank Deposit Account: 

   The Basic Savings Bank Deposit Account is a DBS Bank zero balance savings account that allows deposits, withdrawals, access to an ATM, and other basic banking operations.

Key Features of DBS Bank Savings Account

The savings account offered by the DBS Bank has a number of features that make banking easy and convenient.

• Interest on Savings: The savings account is accrued with interest on the daily closing balance, and as such, the customer can gain competitive savings account interest rates on the money held in the account.
• Digital Banking Facilities: Customers can utilise internet banking and mobile banking for transferring funds, checking balance, and transactions without any hassle.
• Sweep-in Deposit Facility: DBS Bank sweep in FD gives the customer an option to link their savings account to a fixed deposit. This will allow automatic transfer of the excess money to the fixed deposits, where the customers will be given the DBS Bank FD interest rates.
• Debit Card Access: The account holders are provided with debit card services whereby they are able to make ATM withdrawals, online payments, and point-of-sale transactions.
• Multiple Savings Options: DBS Bank offers a range of savings accounts and allows its customers to select the best savings account depending on their financial needs.

How To Open a DBS Bank Savings Account

The DBS savings account can be opened on their website or bank branch.

Online Application

It is easy and convenient to open a DBS bank savings account online.

• Visit Website or App: Go to the DBS Bank website or download the digibank mobile application.
• Check Eligibility: Confirm that you meet the eligibility requirements for opening the account.
• Fill Application: Enter your personal and contact details in the application form.
• Upload Documents: Submit required documents such as PAN card and Aadhaar for identity and address verification.
• Complete Video KYC: Finish the digital verification process through video KYC.
• Account Activation: Once the verification is complete, the DBS Bank savings account will be activated.

Offline Application

The customer has the option of opening a savings account in any of the branches.

• Visit the Branch: Visit the nearest DBS Bank branch.
• Check Eligibility: Make sure that you fulfil the necessary eligibility requirements.
• Fill Form: Fill the savings account opening form.
• Submit Documents: Submit identity Proof, address Proof, PAN card, and photos.
• Verification: Bank officials will verify documents.
• Account Activation: Once the verification is done then the savings account at DBS Bank will be activated.

Fees & Charges for DBS Bank Savings Account

It is necessary to know the fees and charges involved in the maintenance and use of the savings account of DBS Bank before opening the account.

Key Takeaways

The DBS Bank savings account enables its customers to save safely and gain competitive savings account interests of up to 5.00% per annum. Through digital banking, debit card access, and the DBS bank sweep in FD, customers can earn a greater FD interest rate and choose the best savings account depending on their financial needs.