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.
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?
I want to open a Business Account, however I don't live in India. Do I have to come down personally?
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?
Are interests paid on balances in Business Accounts?
Is there a limit to the number of transactions I can conduct a 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 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.
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 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 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 & 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
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 & 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
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
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
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
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
