DBS Bank India (DBIL) Launches DBS Aspire for Emerging Affluent Segment

Key facts

• DBS Bank India (DBIL) has introduced the DBS Aspire banking proposition and a signature Aspire debit card tailored for the emerging affluent segment.
• The proposition is available to clients maintaining a total relationship value of ₹10 lakh or a minimum monthly savings account average balance of ₹2 lakh.
• DBIL offers an interest rate of 5% per annum on savings account balances between ₹2 lakh and ₹50 lakh under this program.
• The DBS Aspire program provides zero forex mark-up on international spends and zero charges on all banking transactions and services.
• The bank's existing wealth management platform, DBS Treasures, serves clients with a total relationship value of ₹30 lakh and above.
• CRISIL Ratings reaffirmed the CRISIL AAA/Stable rating for the corporate credit facility and CRISIL A1+ for the certificate of deposits programme of DBIL in 2025.
• DBIL expanded its network to approximately 350 locations across 19 Indian states following the merger of Lakshmi Vilas Bank in November 2020.