[Digisavings] Discussion thread
Created a new thread as it is no longer a wallet but like ke a full fledged account minus cheque book. So doesn’t come under the purview of existing wallet thread. And it has started marketing so aggressively now that it would attract so many new customers.
Download links
Play store: https://play.google.com/store/apps/details?id=c...
Apple Store: https://itunes.apple.com/in/app/digibank-by-dbs...
NO MINIMUM BALANCE REQUIREMENT
Two variants:
1. Digibank e-wallet
-NO interest
-NO Physical debit card
-Virtual VISA Card
-Registration from the app itself, no other requirement
-Limited number of offers
2. Digisavings account: Like a regular bank account, but paperless. Physical debit card provided.
-Register for e-wallet and complete biometric verification by visiting DBS branch, designated CCD outlets or by booking an appointment with DBS executive. https://www.dbs.com/digibank/in/cities-webvie...ml
-No forms or signature required
-Takes around 24 hours for further checks and afterwards you can order physical debit card which would reach you in around 48-72 hours. PIN for the same can be generated from the app itself.
-Debit card daily shopping limit is Rs. 1,00,000 and for ATM withdrawals it is Rs. 25,000 per day. Unlimited free withdrawals at any VISA ATM in India.
-International use available for debit card but disabled by default. Can be enabled from app itself.
-Daily transaction limit Rs. 5Lakh, Monthly Rs. 50 Lakh
-You can temporarily block the debit card for up to 60 days.
Help?
-In app automated support available, type Live Agent to chat with a real person
-Facebook page: https://www.facebook.com/dbsdig...k/
-1800-210-3456 or 1800-103-8578 toll-free within India
@A2Zdeals wrote:@dayaa wrote:They didn’t change it. RBI changed stand.@disclaimer wrote:
Serious marketing starts, huge billboards and front page newspaper ads and maybe that coming at the cost of monthly interest payout being changed to quarterly.
suddenly they changed to quarterly without any update.. yesterday when i spoke to cc they told
“Interest on savings deposit shall be credited at quarterly or shorter intervals (on domestic savings deposits),” RBI said in a master circular issued on March 3.
Seems you are mistaken. RBI said interest must be paid at least once every quarter. They have asked banks to stop half yearly payout, not monthly one.
@disclaimer wrote:Right. But digibank changed following this only.@A2Zdeals wrote:@dayaa wrote:They didn’t change it. RBI changed stand.@disclaimer wrote:
Serious marketing starts, huge billboards and front page newspaper ads and maybe that coming at the cost of monthly interest payout being changed to quarterly.
suddenly they changed to quarterly without any update.. yesterday when i spoke to cc they told“Interest on savings deposit shall be credited at quarterly or shorter intervals (on domestic savings deposits),” RBI said in a master circular issued on March 3.
Seems you are mistaken. RBI said interest must be paid at least once every quarter. They have asked banks to stop half yearly payout, not monthly one.
From other banks perspective it is burdensome for them, for us its good.
Don’t know why digibank changed it.
@A2Zdeals wrote:
Right. But digibank changed following this only.
It has more to do with the other change they made earlier. 7% quarterly or 5% monthly, still 7% is better.
Now Same slabs for interest for their normal savings accounts as well.
Unable to login in my account, anyone else facing this problem?
@disclaimer wrote:
Unable to login in my account, anyone else facing this problem?
Check there is another update. Update first to login.
@A2Zdeals wrote:@disclaimer wrote:
Unable to login in my account, anyone else facing this problem?Check there is another update. Update first to login.
Already updated, and it prompts to update in such cases.
DBS plans to disburse loans as well through this account in future. And if it meets the overall targets it has set, the established banks will have to rethink their strategy.
How much will I get after 3 months if I hold 90K in my account? Will it become 96.3K in 3 months? Am I missing something?
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
@rajkumar31 wrote:
How much will I get after 3 months if I hold 90K in my account? Will it become 96.3K in 3 months? Am I missing something?
90,000
Interest at 7% pa for 3 months=1575
@anoxy21 wrote:
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
Can be confirmed not before Nov/Dec
@disclaimer wrote:kyu bhai? :0
@anoxy21 wrote:
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
Can be confirmed not before Nov/Dec
@anoxy21 wrote:
@disclaimer wrote:kyu bhai? :0
@anoxy21 wrote:
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
Can be confirmed not before Nov/Dec
Early movers’ digisavings account will turn 1 year old then
@disclaimer wrote:
@rajkumar31 wrote:
How much will I get after 3 months if I hold 90K in my account? Will it become 96.3K in 3 months? Am I missing something?
90,000
Interest at 7% pa for 3 months=1575
Forgot to divide by 12
Thanks
@rajkumar31 wrote:
Forgot to divide by 12
Multiply by 3 too in that case :-p
@disclaimer wrote:haha! confirm it from CC i meant…because the cc isnt pro yet.
@anoxy21 wrote:
@disclaimer wrote:kyu bhai? :0
@anoxy21 wrote:
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
Can be confirmed not before Nov/Dec
Early movers’ digisavings account will turn 1 year old then
After biometric at CCD, is there any customer identification related step that they carry out?
@anoxy21 wrote:
there are no charges on debit card from second year(as for now). confirmed from CC. They didnt tell me why their website says about the charges. Someone confirm it again.
I too had grilled them long back. They said don’t worry, that’s for reissuance of card, if any charges you will be notified.
I bought first point as we have reason to contest that you had committed on chat which is saved at their end.
2nd point of notification is dicy as it is app based & till date no Emailer has come for any offer. I raised this too with them.
Enjoy till you can.
@bargainhunter wrote:
After biometric at CCD, is there any customer identification related step that they carry out?
Verification of details in backend. Will receive confirmation message once it is done and then you can order physical debit card.
For biometric verified accounts, does it permit biometric authentication of txn when using phones having finger print scanner?
@panchabhut wrote:
For biometric verified accounts, does it permit biometric authentication of txn when using phones having finger print scanner?
No such feature exists currently.
Guess what? This digibank virtual card is crap. It doesn’t work internationally. Hunt for internationally enabled virtual card is still on for me. 
@batman wrote:
Guess what? This digibank virtual card is crap. It doesn’t work internationally. Hunt for internationally enabled virtual card is still on for me.
true,
doesnt work on paypal,gearbest,aliexpress!
cc said card will work only on visa verified sites(afaik-those who offer otp verification)
and none of international sites provide that option i guess,
including playstore,appstore,amazon.com,ebay.com
now i have to look for another account
for me interest credited 1k 😃
digibank rocks
@desibuddy wrote:maintained avg 70k from 3 months.. of course some times very less and some times more
@TEMPER wrote:
for me interest credited 1k 😃
how much you had in account ?
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“Interest on savings deposit shall be credited at quarterly or shorter intervals (on domestic savings deposits),” RBI said in a master circular issued on March 3.
Cc : @disclaimer