Is DBS Business available for business in India?

Does DBS Business serve business customers in India?

Yes. DBS Bank India Limited is a locally incorporated, wholly owned subsidiary of Singapore based DBS Group, and it operates as a full service bank under a Reserve Bank of India licence with a branch network expanded after its 2020 amalgamation of Lakshmi Vilas Bank. It runs a dedicated SME and business banking arm offering current accounts, working capital and term loans, trade finance, foreign exchange and cash management, and a digital onboarding flow for current accounts. Because it is a domestic Indian bank, business accounts are opened for entities registered in India rather than through an overseas application. As of 3 June 2026.

Eligibility for businesses in India

DBS opens business current accounts for India registered entities, including private limited companies, limited liability partnerships, partnership firms, sole proprietorships and startups. You provide the entity PAN, certificate of incorporation or registration, the constitutional documents such as the memorandum and articles or the partnership or LLP deed, GST registration where applicable, board or partner resolution authorising the account, and identity and address proof for directors, partners and authorised signatories. Account variants differ in their average monthly balance requirement, and the Entrepreneur account is positioned for early stage businesses with a minimum balance waiver in the opening period. Verify with the provider

What it costs locally

DBS business current accounts do not carry a flat monthly subscription, but most variants require an average monthly balance, and falling below it triggers a charge that varies by account type and city tier. The DBS Entrepreneur account waives the minimum balance for the first six months, after which standard requirements apply. Transaction, cash handling, remittance and foreign exchange charges follow the published schedule of charges for the chosen variant. Treat figures as a guide and confirm the current schedule and the variant that fits your turnover with the provider. As of 3 June 2026

What local users report

DBS is best known in India for its digibank consumer app and, on the business side, for digital account opening, integrated trade and foreign exchange, and relationship coverage for SMEs and larger corporates. Reviews commonly note the strength of its cross border and trade capabilities given the DBS Group network across Asia, while some users report that branch density is lower than the largest domestic banks despite the post amalgamation expansion. As a scheduled commercial bank in India, eligible deposits are covered by deposit insurance from the Deposit Insurance and Credit Guarantee Corporation up to the applicable limit, which differs from arrangements at electronic money providers.