DBS Zero Balance Savings Account

What is a DBS Basic Savings Bank Deposit Account

DBS Basic Savings Bank Deposit Account is a bank deposit or savings account that offers simple banking services without a minimum balance. Customers are able to transfer money in and out by bank branches, ATMs, and digital transfers.

This savings account also provides internet banking and mobile banking services, which enable people to transfer money, check balances, and track transactions. The DBS bank sweep in FD option is also available to the customers, in which excess funds are invested into the fixed deposits, earning FD interest rates.

DBS Basic Savings Bank Deposit Account Interest Rates

The following table shows the savings account interest rates generally applicable to the DBS Basic Savings Bank Deposit Account.

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

How to Open a DBS Basic Savings Bank Deposit Account

The DBS Basic Savings Bank Deposit Account can be opened at the bank branch or online, depending on the choice of customer.

Online Application

The DBS Bank site or mobile app enables the customer to apply online with ease.

• Visit Website or App: Visit the official DBS bank website or download the digibank mobile application.
• Enter Basic Details: Fill in your name, contact number, email ID, and residential address.
• Select Account Type: Select the DBS basic savings bank deposit account.
• Complete KYC: Upload documents such as Aadhaar, PAN card, and photographs.
• Check Eligibility: Make sure that you are eligible under the RBI and DBS Bank eligibility
• Verify & Submit: Check the details of the application and submit the form.
• Activate Account: Once the verification is successful, the DBS bank savings account will be activated.

Offline Application

The account may also be opened by visiting a DBS Bank branch by the customers.

• Visit Branch: Visit any of the DBS Bank branches closest to you.
• Request Account: Request to open a DBS Basic Bank Savings Deposit Account.
• Provide Personal Details: Enter personal information, including name, contact number, Aadhaar, and PAN, and photographs.
• Fill Account Form: Complete the savings account opening form given by the bank.
• Complete KYC: Submit original documents to the bank officials.
• Activate Account: Once the verification is processed, the DBS Bank savings account will be activated, and account details will be given.

Key Features of DBS Basic Savings Bank Deposit Account

There are many features in the DBS Basic Savings Bank Deposit Account that help the customers make money management easy.

• Zero Balance Requirement: There is no minimum deposit requirement in the DBS Basic Savings Bank Deposit Account, and this makes it suitable for those who are interested in the basics of banking.
• Unlimited Withdrawals: The customers are allowed to make unlimited withdrawals during one month in all mediums, including ATM and other mediums offered by the bank.
• Basic Banking Services: Account holders will be provided with basic banking services such as deposits, withdrawals, and cheque books that they can use in day-to-day financial activities.
• No Limit on Deposits: Depositors can deposit their funds as many times as they want within a month, either through the branches, ATMs, or through the online banking system.
• Sweep-in Deposit Facility: Customers can link their account with the DBS Bank sweep in FD facility, and excess money will be transferred to the fixed deposit to receive DBS Bank FD interest rates.

Key Takeaways

The DBS Basic Savings Bank Deposit Account provides basic banking services without the minimum balance requirement. Customers are offered digital banking, limitless withdrawals, and fundamental transaction facilities, and receive savings account interest rates ranging from 2.50% to 5.00% p.a. The customer can also earn a higher FD interest rate through the DBS Bank sweep in FD feature, making it one of the best savings account options.