Pay a higher charges of 6% for not maintaining average monthly balance in this bank from June 1, 2025
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The maximum amount of charge which DBS Bank could charge earlier for failure to maintain the MAB was 4% and maximum up to Rs 400. Now from June 1, 2025 it's 6% and maximum up to Rs 500. So the increase in maximum fee is Rs 100 which is a 25% hike.
'At DBS Bank, we're committed to keeping you updated on changes that impact your banking experience. Staying informed of this change can help you avoid unexpected fees and manage your account with ease. Effective from 01-06-2025, there will be a revision to your Monthly Average Balance (MAB) non-maintenance charges,' said DBS Bank in its email.
What's changing from June 1, 2025?
According to the email by DBS Bank, 'For your DBS BANK Savings Account, the required MAB is Rs 10,000 . The non-maintenance charge will now be 6% of the shortfall (up to a maximum of Rs 500) For example, if your required MAB is Rs 10,000 and your account balance falls short by Rs 5000: Revised charge: Rs 300 (6% of Rs 5000).
According to the DBS Bank website, prior to this change in non-maintenance fees, the old charges were 4% up to Rs 400 for DBS Bank Savings Account customers.
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DBS Bank increasing ATM Cash withdrawal fees for beyond the free limit transactions
With effect from May 1, 2025 as per RBI notification which allowed banks to charge a maximum of Rs 23 per ATM cash withdrawal transactions beyond the free limit, DBS Bank has revised its charges and will now charge Rs 23 per non-DBS Bank ATM cash withdrawal transactions beyond the free limit. However for DBS Bank ATMs, there are no charges and you can withdraw cash for unlimited times without any monetary charge.
'We would like to bring to your kind attention that ATM cash withdrawal fees have been increased to Rs 23 per transaction, effective from 1st May 2025, as per the guidelines issued by Reserve Bank of India (RBI),' said DBS Bank in an email to its customers.
The RBI said on March 28, 2025: "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025. Applicable taxes, if any, shall be additionally payable…," the notification says.
Chart showing new DBS Bank ATM withdrawal charges with effect from May 1, 2025.
Category
Free transactions per month
Charges beyond free limit
New revised charges with effect from May 1, 2025
DBS Bank ATMs (Cash Withdrawal and Non-Financial transaction)
Unlimited
Nil charges
Nil charges
Other Bank ATMs (Cash Withdrawal)
3 Metro and 5 Non-Metro transactions free
Rs 21 per transaction plus applicable taxes
Rs 23 per transaction plus applicable taxes
Other Bank ATMs (Non-Financial transaction)
7 Metro and 11 Non-Metro transactions free
Rs 8.5 per transaction plus applicable taxes
Rs 10.5 per transaction plus applicable taxes
Source: DBS Bank email to its customers
DBS Bank India website
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