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.
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.
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)
Pay as you go grow pricing
Pricing for Stand-Alone GST Software
Basic
Free
Includes all features required to grow a micro business
- Upto 500 Estimates
- Upto 500 Invoices
- Upto 500 Purchase Invoices
- Upto 500 Purchase Orders
- GSTR-3B Return Filing
- GSTR-1 Return Filing
- GSTR-2 Return Filing
- GSTR-4 Return Filing
- GSTR-9 Return Filing
- Import or Export to Excel
- Phone, Chat & Email Support
Standard
₹2899/Year
Includes all features required to grow a small business
- Upto 5000 Estimates
- Upto 5000 Invoices
- Upto 5000 Purchase Invoices
- Upto 5000 Purchase Orders
- GSTR-3B Return Filing
- GSTR-1 Return Filing
- GSTR-2 Return Filing
- GSTR-4 Return Filing
- GSTR-9 Return Filing
- Input Tax Credit Reconciliation
- GSTN API Connect to File Directly
- Import or Export to Tally
- Phone, Chat & Email Support
Premium
₹5899/Year
Includes all features required to grow a medium business
- Unlimited Estimates
- Unlimited Invoices
- Unlimited Purchase Invoices
- Unlimited Purchase Orders
- GSTR-3B Return Filing
- GSTR-1 Return Filing
- GSTR-2 Return Filing
- GSTR-4 Return Filing
- GSTR-9 Return Filing
- Input Tax Credit Reconciliation
- GSTN API Connect to File Directly
- Import or Export to Excel
- Import or Export to Tally
- Phone, Chat & Email Support
