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Open a Business account with DBS Bank Asia's safest & Singapore's best bank

Open a new or link your existing DBS bank business account with LEDGERS for seamless bank account reconciliation, account balance check and sending of payments through NEFT / RTGS / IMPS.

Instantly activate a UPI payment gateway with DBS Business Account

Setup a UPI payment gateway with your DBS Business Account at no-extra cost. Instantly receive payments from customers using Whatsapp, PayTM, PhonePe and other UPI apps using QR code or UPI id.

Experience DBS Open Banking with LEDGERS Accounting Platform

Build your business on the latest generation, cloud-based LEDGERS accounting platform integrating all aspects of accounting like invoicing, purchase management, input tax reconciliation, banking and GST filing.

Bank Reconciliation

Sync and reconcile your ICICI bank current account on LEDGERS with automated rules and machine learning.

Audit Payments

Track vendor payments, audit payments made and easily identity unusual bank account transactions with ease.

UPI Payments

Get a UPI id for your DBS bank business account instantly. Receive UPI payments from your customers using QR code.

GST Compliance

Automatically file GST returns and reconcile input tax credit on LEDGERS based on bank account statement of DBS Bank.

DBS Business Account

DBS is a leading financial services group in Asia. DBS Bank is headquartered in Singapore, with a growing presence in Greater China, Southeast Asia and South Asia. As a bank born and bred in Asia, DBS Bank well-positioned as your partner to help you grow a business across Asia.

What documents are required to open a Business Account?

Please refer to our application checklist for the documents required.

I want to open a Business Account, however I don't live in India. Do I have to come down personally?

In order for us to better understand the nature of your business, we do require a face-to-face meeting with you before we can open your Business Account.

I plan to open several accounts under different currencies. Will I have to maintain a minimum balance for each account?

Yes, a minimum balance must be maintained if you open an INR account. Exchange Earner's Foreign Currency (EEFC) accounts that are opened in foreign currency require no minimum balance.

A fall-below fee will be deducted if your average quarterly credit balance is less than the minimum quarterly balance requirement. For more information, please refer to our pricing guide.

How is my average daily balance for the quarter calculated, and when will the fall-below fee be deducted from my Business Account?

Your end-of-day credit balance is tracked throughout each quarter of the year (every three months). These balances are then added together and divided by the number of days in the quarter in order to determine your average daily balance. If your average quarterly balance falls below the minimum balance requirement for the account, then a fall-below fee will be deducted at the end of each quarter.

Are interests paid on balances in Business Accounts?

Business accounts function as business accounts and do not offer interests, as recommended by the Reserve Bank of India (RBI).

Is there a limit to the number of transactions I can conduct a day?

There are no limits to the number of transactions per day.

Why choose DBS Business Account?

Digital Token

All DBS Bank Business Accounts are secured by a secure Digital Token. Digital Token is a security enhancement, which enables you to seamlessly authenticate all bank transactions.

Highest Rated

Ensure your funds are safe with an "AA-" and "Aa1" rated bank. DBS has been named the Safest Bank in Asia by Global Finance for five consecutive years, from 2009 to 2013.

Seamless Account Opening

Apply for a Business Account that caters specifically for your business needs. Choose from Business Entrepreneur Account, Business Edge Account and Business Edge Preferred Account.

Global Footprint

Benefit from our easy to understand approach to banking. We are the first Asian Bank to achieve the Crystal Mark award for the use of plain English for terms and conditions governing business.

DBS Business Account Types and Charges

International Fund Transfer

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Domestic Fund Transfer

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Collection Services

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

DBS IDEALTM 3.0(Corporate Internet Banking)

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

ATM cum International Debit Card

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Doorstep Banking

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Account Related Fees

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Other Services

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Exports Negotiations and Collections

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Letter of Credit

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Other Charges

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Imports (Documentary Collection)

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Imports (LC Issuance)

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Guarantees

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Trade - Open Account Financing

Product / Service Description	DBS E-Business LITE	DBS Express Business Account	DBS Enterpreneurs	DBS Business Edge	DBS Business Edge prefered	DBS Multi Currency Account	ODCC
Minimum Average Quartely Balance (MAQB)/ Minimum Quartely Throughtput (MQT)	(MAQB) - Rs.50,000	(MAQB) - Rs.50,000	(MAQB) - Rs.1,00,000	(MAQB) - Rs.5,00,000	(MAQB) - Rs.10,00,000	(MAQB) - Rs.10,00,000	(MAQB) - NIL

Agent Bank Charges

Payment Currency	Charge Amount in respective currency (inclusive of service tax)	Payment Currency	Charge Amount in respective currency (inclusive of service tax)

Charges for capital account,liason office,branch office and project office(LO/BO/PO)

Last updated: Dec 28, 2021