DBS Bank, also known as DigiBank, it is a multinational banking and financial services corporation based in Singapore with headquarters in Marina Bay. The bank was established on 16 July 1968 by the Government of Singapore to take over from the Economic Development Board the activities of industrial financing. Today, DBS Bank branches numbering over 100 can be found across the island. DBS Bank is the Asia-Pacific ‘s largest asset bank.
In this how-to article, we will be discussing how you can easily create DBS Bank Account online with no hassle. So without any more delays, let’s come to the point and begin…
I am assuming that you already know about the benefits of creating a DigiBank account in case you don’t, then don’t worry; we have covered those at the end of the article too.
Before creating DBS Bank Account Online Know These Things:
- What are the documents required while creating DigiBank Account Online?
- Things to keep in mind while creating DigiBank Account.
Let me tell you about both points listed above.
Q. What are the documents required while creating DigiBank Account Online?
A. Well, there are very fewer requirements of Documents while creating DigiBank account unlike others, documents required are as follows:
- Aadhar Card Number or Aadhar Virtual ID: It is necessary for KYC details verification, like your Name & other Biometric information verification.
- PAN Number: You will be asked to enter your PAN Number while creating an account.
- Mobile Number associated with Aadhar Card: You will need this because, for the confirmation of the Aadhar Card Number, you will receive an OTP on the number associated with your Aadhar Card.
- Fingerprint Verification: Once you are done with account creation you will be asked for Fingerprint Verification for confirming your KYC Details, in such case, you will see two options one is either the DBS Bank agent will visit your location or you can either visit any nearby store for the fingerprint verification, choose any as per your convenience.
So the above discussed where the things which were required.
Q. Things to keep in mind while Creating the DigiBank account.
A. Remember this thing:
- Use the same mobile number associated with your Aadhar Card in order to lessen the hassle of getting OTP of different numbers.
- Use the Real and Perfect address because you will be receiving a Paywave Debit card on the address you will be mentioning.
These were things to keep in mind, now let me begin the procedure of creating the DigiBank account.
How To Open digibank Account Online – [Step by Step]
Follow each and every given below in order to create your DigiBank account successfully:
Step 1: Download and install “digibank by DBS India” in your phone respective download links are given below:
Step 2: Now you need to open the app, and then you need to tap over “Apply for Savings Account” then a popup will display some benefits of having a digibank account, you need to tap over “Continue.”
Step 3: You will be sent to another “Registration” page from where you can select the “Salutation” like either you are “Mr” or “Mrs” and then “Date of Birth” then tap over the “Next” button.
Step 4: On the next page, you need to fill your details like “Mobile Number,” “Email Address” and again the same “Email Address” in the following box in order to confirm, and in case if you have referral code (optional) you can add it too it’s not necessary though, and tap over the “Next” button.
Step 5: You will receive an OTP on the number you have given on the last page, and after entering that OTP, click on the “Next” button.
Step 6: You will be asked to fill what username and passwords you want to keep of your digibank Account, fill it as per your choice & click on “Submit.”
Step 7: After the above steps, you will be asked to enter your “PAN Number” enter your PAN Number there, and in case you don’t have a pan number tap on the “DON’T HAVE PAN” button and process may vary.
Step 8: After entering your PAN Number you will be asked for entering your “Aadhar Number” or “Aadhar Virtual ID” and click on “I AGREE,” or if you don’t have one tap on “I DON’T HAVE AADHAR” button, in that case, the process may little vary.
Step 9: After clicking on “I AGREE” you will be asked to enter an OTP which will be sent on the mobile number associated with your “AADHAR CARD” in case you didn’t receive OTP then you can click on “Didn’t get an OTP?” you will be asked to confirm your details by putting your current address.
Step 10: So if you clicked on “Didn’t get an OTP?” then enter your address and click on the save button, and if not click on “Didn’t get an OTP?” then just enter the OTP you received to move to the next page.
Step 11: As a KYC Requirement: On the next page you will be asked about your “Occupation” then on another you will be asked about your “Annual Income” and on another page, you will be asked about your “financial assets” then you will be asked about your “Family Members” details and “Marital status,” and at last you will be asked for adding a “Nominee” if you are interested in adding Nominee then you can add it or can tap over the “Do this later” button.
Step 12: After that, a new popup will display stating all the terms and conditions of digibank you need to click on the “Accept” button in order to create a digibank Account.
Step 13: Complete your KYC by fingerprint verification: Here you will be asked for confirming your fingerprint in order to confirm KYC details, you will have two options to complete fingerprint verification, either you can choose “Meet an agent” or “Visit a nearby store.”
Step 14: If you selected “Meet an agent” then you will be asked to confirm meeting address and after confirming it: click on “SUBMIT” button, and once you did this, a “BIOMETRIC REFERENCE NUMBER” will be displayed to you, and within 2 – 3 days an agent from the Bankside would meet you for the fingerprint verification, show him that “BIOMETRIC REFERENCE NUMBER” and he will confirm your fingerprints and your Account will get activated.
& you’re done, following this method anyone can register and activate digibank Account online.
Now you created a digibank account, but want to know what its benefits are? Listed below:
Benefits of having a digibank account are as follows:
Easy to Create & Free: Creating a digibank account is very free and easy so that anyone can do it with minimal hassle.
No Minimum Balance Criteria: There is no any requirement criteria of keeping any balance into your Account for keeping it alive, so you can even use it as a Zero Balance account.
Easy to Verify: There is no requirement of Paper documents in order to verify your KYC and info.
Good Interest Rate: With the digibank Saving Banks account, you can get excellent interest rates and much better on fixed deposits than any other available in the market.
No Additional Transaction Fee: There is no any additional transaction charged on transactions.
No Additional ATM Card Charges: There are extra no charges of having an ATM Card of DBS Bank.
Here is a video is given below explaining the whole:
I hope you found this article helpful, do share with your friends and colleagues if they are also thinking of creating a DBS bank account, do let us know if you face any issues or have any queries with the help of comment section given below.