Savings account is a favourite investment option for most of the people living in India as it provides them safety of their hard-earned money and abundance of returns on their funds as well. It allows them to build-up a corpus for the future. Nowadays, the culture of digital payments is booming in India since the launch of Digital India campaign by the Government of India. The campaign was initiated to provide the people of India with an enhanced digital infrastructure and enable them to use several services digitally.
Taking advantage of the opportunity, the Development Bank of Singapore or DBS Bank, which is Singapore’s largest bank and a leading bank in Asia, launched the first mobile only bank account “Digibank” in India. Digibank powered by DBS, is an entire bank compressed to fit into your smartphone with only one objective in mind to change the traditional banking and make it digital for the people of India. It not only makes deposit, withdrawal and transfer of your funds hassle free and easy, but it also provides you with high interest on your savings and assists you to set goals and draw out a plan to achieve them. Let us look at the various types of DBS Bank savings accounts and the features provided by each of them.
Types of DBS Bank Savings Account
DBS Bank enables its customers to open a savings bank account through two modes – online and offline. We have classified the savings account offered by DBS or Development Bank of Singapore into online and offline channels.