You have to pay a 6% fee on the shortfall amount if you don’t maintain the required monthly average balance in your Development Bank of Singapore (DBS) India savings account. Starting from August 1, 2025, according to the DBS Bank India’s website, the charges for not maintaining the balance will be 6% of the shortfall, capped at Rs 500. For those who aren’t aware, DBS Bank India expects you to maintain a average monthly balance (AMB) of Rs 10,000 in their regular savings account.
“Dear customer, effective 1st Aug 2025, the non-maintenance charge for Monthly Average Balance will be 6% of the MAB shortfall amount (up to a maximum of Rs 500). The MAB for DBS Bank Savings Account remains unchanged at Rs 10,000. Please maintain the required MAB to avoid charges.,” said DBS Bank in its SMS communication to its customers.
What's changing from August 1, 2025?
DBS India said on its website that starting August 1, 2025, the non-maintenance charges will change depending upon the variant of the savings account that you have. Here’s a table showing the latest charges:
From May 1, 2025 DBS Bank raised ATM Cash withdrawal fees for beyond the free limit transactions
With effect from May 1, 2025, following the RBI notification that permits banks to charge a maximum fee of Rs 23 per ATM cash withdrawal transactions beyond the free limit, DBS Bank has updates its fees. They will now charge Rs 23 per non-DBS Bank ATM cash withdrawal transactions beyond the free limit. However, withdrawals at DBS Bank ATMs remain free. You can withdraw cash an unlimited number of times without any fees,
“We would like to bring to your kind attention that ATM cash withdrawal fees have been increased to Rs 23 per transaction, effective from 1st May 2025, as per the guidelines issued by Reserve Bank of India (RBI),” said DBS Bank in an email to its customers in May 2025.
The RBI had said on March 28, 2025: "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025. Applicable taxes, if any, shall be additionally payable…," the notification says.
Chart showing new DBS Bank ATM withdrawal charges with effect from May 1, 2025.
“Dear customer, effective 1st Aug 2025, the non-maintenance charge for Monthly Average Balance will be 6% of the MAB shortfall amount (up to a maximum of Rs 500). The MAB for DBS Bank Savings Account remains unchanged at Rs 10,000. Please maintain the required MAB to avoid charges.,” said DBS Bank in its SMS communication to its customers.
What's changing from August 1, 2025?
DBS India said on its website that starting August 1, 2025, the non-maintenance charges will change depending upon the variant of the savings account that you have. Here’s a table showing the latest charges:
From May 1, 2025 DBS Bank raised ATM Cash withdrawal fees for beyond the free limit transactions
With effect from May 1, 2025, following the RBI notification that permits banks to charge a maximum fee of Rs 23 per ATM cash withdrawal transactions beyond the free limit, DBS Bank has updates its fees. They will now charge Rs 23 per non-DBS Bank ATM cash withdrawal transactions beyond the free limit. However, withdrawals at DBS Bank ATMs remain free. You can withdraw cash an unlimited number of times without any fees,
“We would like to bring to your kind attention that ATM cash withdrawal fees have been increased to Rs 23 per transaction, effective from 1st May 2025, as per the guidelines issued by Reserve Bank of India (RBI),” said DBS Bank in an email to its customers in May 2025.
The RBI had said on March 28, 2025: "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025. Applicable taxes, if any, shall be additionally payable…," the notification says.
Chart showing new DBS Bank ATM withdrawal charges with effect from May 1, 2025.
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