DBS Bank: If you have a savings account in DBS Bank India, then you need to take care of the new rules of the bank from August 1, 2025. The bank has said that if customers do not maintain Monthly Average Balance (MAB) in their account, then now they will have to pay 6% charge
Savings Account Charge: If you have a savings account in DBS Bank India, then you need to take care of the new rules of the bank from August 1, 2025. The bank has announced that if customers do not maintain Monthly Average Balance (MAB) in their account, then now they will have to pay a 6% charge. However, this charge will be limited to a maximum of Rs 500. The bank has informed the customers through SMS that the MAB limit will remain at Rs 10,000, but a penalty of 6% will be charged for not maintaining it.
Charges will be according to the accounts
These charges will be different for different savings account variants of DBS Bank (Development Bank of Singapore – DBS). For example, in accounts with a minimum balance of Rs 1,000, the charge will be 6% but the maximum will be taken up to Rs 50. At the same time, in accounts with a minimum balance of Rs 5,000, this charge will be limited to a maximum of Rs 250. For regular DBS Savings Account, Growth Savings Account, and Task Youth Power Account, this charge will be up to a maximum of Rs 500. In the Laxmi Savings Account specially made for the youth, the minimum balance is only Rs 100 and the maximum charge in it is Rs 5.
Withdrawing money from ATM has become expensive
Apart from this, withdrawing money from ATM has also become expensive from May 1, 2025. If you withdraw cash from your ATM of DBS Bank, you can withdraw money unlimited times for free. There is no charge on this. But if you withdraw money from the ATM of any other bank and your free limit (3 times in metro cities and 5 times in non-metro) is exceeded, then a charge of Rs 23 will be levied every time. At the same time, a charge of Rs 10.5 per transaction will be levied when the free limit of non-financial transactions (such as checking balance) is over.
The bank says that these changes have been made as per RBI guidelines, in which banks have been allowed to charge up to a maximum of Rs 23 per transaction on ATM services outside the free limit. So if you are a DBS Bank customer, it is better to maintain an average balance of Rs 10,000 per month and keep in mind the free limit for ATM withdrawals to avoid extra charges.
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
