The Development Bank Of Singapore aka DBS Bank is one of the most secure banks in Asia. In Past few years DBS started increased its local branches in India as bank also want to set up itself. In 2016 DBS introduced DBS Digibank savings account, Bank most featured and one of its kind savings account in India.
DBS DigiBank Savings Account
DBS Digi Account is an App based saving account which you can easily manage via your smartphone. You just need your KYC ( Ex. PAN Card, Aadhar Card) and a Smartphone to open this account.
Basically, Digibank by DBS is a mobile wallet which you can easily upgrade to Savings account with a simple paperless verification.
DIGIBank offers you premium services with an average of 7%* annual ROI on your deposits.
If you don’t have any local documents and still want to open a savings account DBS Digibank Savings account is the best option for you.
This account doesn’t require any physical documents submission while opening.
Because bank asks for an E-KYC verification which you can do with your Pan & Aadhar Cards. You just need to verify your details by submitting an Aadhar OTP.
The time for opening DBS Digi Account will take only five minutes and without any hassle, you can do it on your own.
DBS DigiBank Savings Account Features & Benefits
You can open this without visiting any branch and submit any documents.
Earn up to 7% ROI on your savings.
Instant account opening with Debit Card facility.
Up To 30% discounts on various online/Offline Shopping, Travel and Dining and Entertainment places.
Debit card free for First Year and only INR 150/- charges from 2nd-year onwards.
Generate your own UPI code to make and receive payments.
24*7 Customer assistance service.
Budget optimizer to calculate your spendings.
OTP Based account security feature so no one can access your wallet without your permission.
Investment options so you can invest your money in Fixed Deposit, Mutual funds and other banking schemes.
Unlimited ATM withdrawals in a month facility.
With a DBS DigiBank Savings account, you can enjoy multiple domestic and International shopping deals every month.
How To Open Digibank By DBS Savings Account?
For opening a DIGIBank account you need a smartphone first, where you can download DBS Digibank application from the app store.
After downloading the app open a Digibank wallet account and provide your basic details.
And later application will give you an option to upgrade your wallet into a savings account. Then click on upgrade and follow all steps.
If you are using your mobile no. which was mentioned on Aadhar application form, you can instantly verify your OTP and can receive your Account No.
Otherwise, if you are not able to verify OTP you will receive an 8 digit reference no and an appointment for manual verification by Bank Representative.
You can also apply for your debit card by login in your smartphone application.