These days everything is going Digital, be it health or finance or entertainment. Why wouldn’t it, especially when Digitisation brings in convenience and comfort. Ever wished to have a completely Digital Saving account at a bank? Well, we have some good news for you!
DigiBank from DBS is India’s first “Digital only bank”. While almost every bank now offers online or mobile banking; they are not “Digital” in true sense of the word. Why? Because you still need to do the paper work to get the account opened and there are fees/restrictions involved.
Highlights of digibank:
- Enable/ disable debit card instantly the from the App
No need of OTP, digibank has inbuild robust in built security feature
24×7 Virtual Assistant, powered by artificial intelligence
Budget optimiser lets you budget, track expenses, analyse purchasing patterns and even provides actionable advice by understanding your behaviour and preferences.
Ability to link goal based recurring deposits from the app
DigiBank offers crucial advantages when compared to other digital accounts like Kotak 811 :
811 account by Kotak, has a max limit of 1 lakh only whereas there is no such restriction on the digibank account
Hidden charges and fees for cash deposits and ATM withdrawals for Kotak 811 users while there are none for digibank. In fact, with digibank, you can enjoy unlimited ATM withdrawals for free!
- Digibank has a higher interest rate of 7% when compared to Kotak 811, which is only 6%
And best of all, it only takes 90 seconds to set up an account while Kotak 811 takes closer to 5 minutes!
Setting up an account with DBS is quite easy.
Gone are the days, when you had to wait in long queues and do tedious paper work to get a bank account opened. With DigiBank, bank account opening can’t get simpler!
Step 1: Enter your basic details, mobile number and verify it using OTP.
Step 2: Setup your username and password
Step 3: Welcome to the dashboard!
Step 4: Add your Aadhar Card
Step 5: Add your PAN card
Step 6: Answer few questions.
You will get a call from DBS customer support to schedule a bio metric verification. Once this is done, your account is created!
What are you waiting for? Get the your DigiBank account now!
It’s available for download on Play store and App Store.
