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DigiSavings Account by Digibank

Digisaving is the zero balance account of Digibank. Digibank is the online bank by DBS. 

A zero balance saving account is exactly what the term suggests.  it is a savings account without any minimum balance. A savings account  is an account wherein you can deposit your savings. Savings accounts exist in order to encourage individuals to be more financially stable and self-sufficient. Most banks always require the customer to have a set minimum balance in their savings account. Failure to do usually results in a penalty fee.

The primary difference between a zero balance saving account and a regular savings account is the absence of a compulsory minimum balance in the account. As a 0 balance saving account holder, you will not be required to maintain some amount of cash in the account at all times and can nevertheless avail of the usual facilities that a savings account provides.

The zero balance saving account of the DBS DigiBank is called DigiSavings account.


DigiBank, powered by DBS (Development bank of Singapore Ltd.), is an entire bank squeezed to fit into your smartphone. Objective is to change the way banking is done. Not only does it let you deposit, withdraw and transfer money with lightning speed, it also lets you set goals and draw out a plan to achieve them. It’s a bank with your interest in mind. So, save your time, energy and money with DigiBank and go about doing what matters most. Live more, Bank less.

Features of DigiBank Zero Balance Savings Account

1. Paperless Transactions

Opening a DigiSavings account is extremely easy as it is completely paperless. In order to create a 0 balance account, a steady internet connection, PAN card and Aadhaar card are all that is needed. The process of zero balance account opening online can be done by simply verifying details through an OTP on your Aadhar linked mobile number. Your zero balance savings account is now open.

2. Biometric Verification at your doorstep 

With the Digibank 0 balance account opening online, biometric verification is easier than ever. The bank provides its customers with the option of calling up the agent and requesting them to meet them at a time and place of the customer’s choice to verify biometrics. The customer could also alternatively get it verified at the closest local partner store.

3. Maximum Security of DigiBank 

Although the process of bank account opening is completely online, the bank ensures that the security and safety of the customer’s data is uncompromised. The zero balance saving account of the DigiBank is powered by automatic authentication, a security feature that is much safer than basic OTPs.

4. Enticing Returns

DigiBank by DBS gives its customers maximum privileges and great returns on savings. A customer using the digiSavings account which is the zero balance account can earn up to 7% interest on savings account and a cashback of up to 10% on shopping with a wide range of online merchants.

5. Freedom from PINs through PayWave

In order to pay from the zero balance saving account through a debit card, all the customer has to do is wave a DigiBank debit card at a Tap to Pay enabled terminal in order to pay for transactions below Rs. 2000. Since the DigiBank cards are enabled with the payWave feature, no swiping or dipping or remembering any PIN is required, simply Wave and Pay.

Overview of DigiBank 

DigiBank is a part of DBS. DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. With its headquarter in Singapore, it has an extensive network of operations in Asia. The parent bank has over 26,000 staff across 40 countries.

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