DBS Digibank - Making Banking Easy!

The Development Bank of Singapore (DBS) is one of the largest multinational financial services and banking company in the world. With a number of rewards under its name, the bank is known for its transparency, security, hassle-free transactions and best interest rates. With various banking services under their umbrella, the bank has come out with an exclusive new service called DBS Digibank for your smartphone.

Digibank is the combination of the word ‘digital’ and ‘bank’. You can enjoy all their unparalleled banking services at the comfort of your couch and your fingertips. You can access the bank on your smartphone. The bank brings in three major options, you would need in your financial life - Save, Borrow and Invest, and more all in one tap with Digibank!

Digibank COVID-19 Care

Update: Digibank offers help with a test for Coronavirus. If your test is found positive from any of the authorised centres of ICMR- National Institute of Virology, Pune, you will get 100% of the sum insured. If you are quarantined in a government or military Facility for 14 days, you will be eligible to receive 50% lump sum of the insured amount. premium starts at Rs. 499 and the sum insured options to start from Rs. 25,000 to Rs. 2 lakhs.

DBS Digibank Borrow

1. DBS DigiBank Personal Loan

A DBS Digibank personal loan is a hassle-free and convenient digital banking option. You can easily avail Rs. 15 lakhs as a personal loan and make that ageless wish come true. Whatever you need to see, Digibank offers instant, paperless and digital solutions for it.

Features of Digibank Personal Loan

1. Instant Loan

One of the best features of Digibank personal loan options is that you can avail loan at the tap of your fingers within just a few minutes. There is no need to visit the bank’s branch or sign every paper to make that wish come true.

2. Freelook Period

DBS Digibank offers a two days free look period in case you want to cancel your loan application.

3. Interest Rates

The DBS Digibank’s interest rate on personal loans starts at 10.99% p.a. through your loan tenure.

4. Loan Repayment Tenure

Digibank offers a very flexible loan repayment tenure. You can pay back your loan within 12-60 months.

5. Loan Management

You can manage your loan without having to visit the bank’s branch. Just log into Digibank’s mobile app and get going.

Types of Digibank Personal Loan

Digibank’s personal loan option offers opportunities to recreate the life of your choice. Mentioned below are the types of loan you can avail under this scheme:

1. Wedding Loan

Digibank offers 100% secure wedding loans with paperless loan sanction within minutes.

2. Travel Loan

Take that dream trip today with hassle-free travel loan sanction. Get your travel loan signed off within minutes.

3. Gadget Loan

Digibank offers a unique loan called the Gadget loan. You can buy anything right from a mobile phone to a VR set within minutes.

4. Renovation Loan

Digibank’s personal loan offers home renovation loans through which you can upgrade your home to the cosiest place ever.

Download DBS Digibank App to Avail Digibank Personal Loan

• Step 1: Download DBS Digibank on your mobile phone
• Step 2: Check your loan eligibility
• Step 3: Login or signup to your digisavings account
• Step 4: Complete your KYC. Video KYC option is available
• Step 5: Avail your dream loan

2. DBS Digibank Home Loan

DBS Digibank offers home loans with quick processing, secure repayment option, transparency and attractive interest rates. You can avail your Home Loan at your doorstep. The bank offers great interest rates from top finance companies like HDFC Ltd and PNB Housing.

DBS Digibank Home Loan Interest Rates

The interest rates from HDFC Ltd and PNB Housing are some of the best rates in the country:

DBS Digibank home loan’s interest rates are mentioned below-

3. DBS Digibank Loan Against Property

DBS Digibank’s loan against property is the option to fulfil your professional and personal needs. Get flexible repayment options and avail loan against fully constructed freehold residential and commercial properties. This loan can be availed for the following needs:

• Business
• Marriage
• Medical
• Other Personal requirements

The bank gives you the option to avail longer repayment tenure with a smaller EMI repayment option. The best part of this loan is you can enjoy hassle-free documentation.

DBS Digibank Loan Against Property Interest Rates

DBS Digibank’s loan against property offers attractive interest rates.

The loan is from leading financial institutions like HDFC Ltd and PNB Housing Finance.

DBS Digibank Save

1. DigiSavings Account

DigiSavings Account is one of the best offerings from DBS bank. You can open your Savings Account in a seamless, paperless manner within a few seconds. The bank offers competitive interest rates on savings accounts, fixed and Recurring deposit accounts. With DigiSavings account, you can avail the benefit of fund transfer 24x7 with UPI, NEFT, IMPS and RTGS.

Features of DBS Bank’s DigiSavings Account

1. Digital Bonanza

All you have to do to open your very own DigiSavings account is to verify your details through OTP on your Aadhar card linked mobile number. Your savings account is activated in no time.

DBS Bank also offers the facility of sending an agent over to help with it too. You can request a bank agent to come over at a time of your own choice. You can avail the complete benefit of your digisavings account with biometric verification at any partner stores.

2. Security with Simplicity

DBS bank has taken every effort to make the process simple for you. Alongside, Digibank offers automated authentication, which is safer than OTPs. To help you stay rest assured, know that DBS bank has been awarded the ‘Safest Bank in Asia’ for ten continuous years by Global Finance.

3. Going Cashless with Tap to Pay

All you have to do to make a payment with your digibank Debit Card is to wave it at any tap to pay terminal. You don’t have to swipe or dip, just wave!

4. Track Your Expenses

Digisavings account offers the Spends Optimiser feature that allows you to keep an eye on all your spending decisions effectively.

5. Exciting Offers

DBS bank offers up to 6% interest on savings and cashback up to 10% on shopping from a wide Range of online merchants.

2. Digibank Fixed Deposit

DBS Digibank’s FD is your stop for safety and convenience of saving your money. Open an account with Digibank instantly and start paperless saving.

Features of Digibank Fixed Deposit

1. Attractive Interest Rate

You can avail attractive interest rates on your savings. Get interest rate of 5.5% p.a. on your savings.

2. Convenience

You can manage your Digibank fixed deposit account from your smartphone. Add/change nominee, get maturity instructions, termination, etc., from your phone.

3. Customise

You can open your digital savings account with Digibank in just Rs. 5000. The best part is you can decide your own tenure to withdraw money.

4. Insured Deposits

Deposits with Digibank are insured with DICGC. insurance for up to Rs. 5 lakhs is available.

3. DBS Digibank Recurring Deposit

DBS Digibank recurring deposit is another great way to save your money. You can create goals and save money accordingly with your RD account.

Features of Digibank’s Recurring Deposit Account

1. Payment Flexibility

You can save daily, monthly or quarterly online with ease. There are no restrictions.

2. Minimum Deposit

You can start the recurring deposit account with just Rs. 100. You can also set your own tenure.

3. Insurance

Digibank recurring are insured with DICGC (Deposit Insurance Credit Guarantee Corporation) for up to Rs. 5 lakhs.

Digibank Debit Card

Digibank’s unique debit card Offering is all set to fulfil all your shopping, booking and other personal needs.

Features of Digibank Debit Card

1. Activation

The debit card can be activated with just a click from your smartphone.

2. PIN Features

You can change your debit card’s PIN within seconds from your smartphone.

3. Card Block

There is no need to panic in case your digibank debit card is lost. You can block from digibank mobile app in moments.

4. International Facility

You can switch your digibank debit card from local to the international mode from your digital app. You don’t need to figure out the what-ifs anymore. Spend anywhere in the world with ease.

5. Contactless Payment

You can access Tap to Pay transactions faster with Digibank’s contactless payment option.

DBS Digibank Insurance

1. Personal Accident Insurance

You can get personal accident insurance within seconds through Digibank’s insurance facility. The bank offers paperless insurance with policies that start at just Rs. 0.55 a day.

Features of Personal Accident Insurance

1. Instant Cover

You can avail instant cover within seconds. Get 24X7 worldwide cover without any prior requirement of medical tests.

2. Cover Amount

You can avail cover of up to Rs. 20 lakhs without having to submit any proof of Income.

How to Register for Personal Accident Insurance?

• Step 1: Download Digibank mobile app
• Step 2: Login or Signup to full digisavings account
• Step 3: Select Insurance from the navigation menu

3. Digibank Health Insurance

You can avail health insurance with digibank instantly from your smartphone. You can also avail tax savings of up to Rs. 25,000 for a financial year.

Features of Digibank Health Insurance

1. Instant Cover and Cashless Treatment

You can get instant cover with no prior medical tests. You can avail cashless treatment or receive reimbursement for expenses.

2. Coverage

You can avail 100% cover for surgeon and doctor fees along with 30 days pre-hospitalisation expenses and 60 days post-hospitalisation expenses. Ambulance charges up to Rs. 3000 is covered. Maternity coverage of Rs. 40,000 is available.

3. Increase in Sum Insured

The bank offers an increased sum insured every year by 20% without having to claim. This is subject to maximum increase of 50%.

4. Travel and Motor Insurance

DBS Digibank offers Travel Insurance from Royal Sundaram. Two-wheeler Motor Insurance is available from Royal Sundaram and Bharti AXA’s Smart Drive Two Wheeler insurance. car insurance is available from Bharati AXA’s Smart Drive Private Car Insurance.

Digibank iBanking

Digibank is for the smartphone, however, it feels good to experience the same benefits at the comfort of a bigger screen like laptops and computers. Even if you cannot access your phone, you can access Digibank anywhere through a laptop, personal or work PC.

Get all the benefits available with Digibank and stay 100% secure all the time with iBanking.

Digibank Mobile App

DBS Bank offers Digibank Mobile App. Download the app on your android from the Google Playstore. Sign up and enjoy.

DBS Digibank Customer Care Number

Call 1800 209 4555 to report any issues.

Conclusion

DBS Digibank is a boon to the banking and finance community. It is a bank on your fingertips. Get full benefits from various features available with Digibank.