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 DBS business account or get a call from DBS Bank

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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.

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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)
ledgers

LEDGERS is the next-generation of GST platform, built on the AWS cloud with deep integrations to various other services. The platform is designed to be simple and intuitive. You can now maintain GST compliance for your business with no accounting knowledge or experience.

Integrate LEDGERS

LEDGERS is built to seamlessly sync and work with other online and offline applications you regularly use. Easily import or export data from LEDGERS to Excel or Tally.

Need some other integrations? Our dedicated team can help you simplify accounting by building custom connectors.

  • GSTN
    CloudFlare
    Excel
  • googlecloud
    gpay
    android
  • upi
    aws
    tally

One Platform for GST Compliance

Your GST compliance will be maintained on LEDGERS GST platform, providing you access to live business data - anywhere, anytime. LEDGERS will also seamlessly sync and work with other online and offline applications you regularly use.

Professional Tax

Professional Tax Invoice in Minutes

Quickly create, send and track GST compliant tax invoice in minutes with in-built GST rate calculator and GSTIN validity tool.

  • Send Whatsapp Invoices
  • Send SMS or Email Invoices
  • Track Invoice Opens
  • Track or Split Payments by Invoice
Track Payables

Track Payables and Claim Input Tax Credit

Manage vendors, split payments, track payables and maintain purchase register that syncs with GSTN to ensure accurate input tax credit claim.

  • Vendor Onboarding & Management
  • Track Payments & Payables by Vendor
  • Initiate Payments through NEFT/RTGS/IMPS
  • Automated Input Tax Credit Tracking
Automate Accounting

Automate Accounting & Integrate Banking

Automate accounting processes, integrate banking and supercharge your accounting department with next-generation accounting/banking tools.

  • Integrated Banking & Payments
  • Automate Receivables Management
  • Automate Input Tax Credit Tracking
  • Automate GST Return Preparation
One-click GST Return Preparation

One-click GST Return Preparation

Prepare your monthly or quarterly GST returns with one-click and upload the data to GSTN Portal. Seamless integration with GSTN Portal through APIs.

  • GSTR-3B Return Filing
  • GSTR-1 Return Filing
  • GSTR-9 Return Filing
  • GSTR-2A Fetch from GSTN
Improve Internal Controls

Improve Internal Controls & Get Deep Insights

Reconcile bank accounts, input tax credit, receivables, payable and more using our intuitive and easy to understand dashboards.

  • Bank Account Reconciliation
  • Input Tax Credit Reconciliation
  • Receivables Reconciliation
  • Payables Reconciliation
Track GST eWay Bills

Create, Manage and Track GST eWay Bills

Create, manage and track thousands of GST eWay Bills with the GST eWay bill tool inbuilt and integrated with LEDGERS.

  • Create GST eWay Bill
  • Manage GST eWay Bill
  • Track GST eWay Bill
  • Bulk eWay Bill Generation

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
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