DBS India has unveiled an enhanced wealth management proposition, providing Indian customers with seamless access to cross-border treasury services across major Asian markets, including Singapore, Hong Kong, Taiwan, Indonesia, and China. Designed to cater to high-net-worth individuals (HNIs) and non-resident Indians (NRIs), both in India and overseas, this upgraded offering also features a streamlined digital account opening process for NRIs. This process enables the majority of account setup steps to be completed within an hour, significantly improving convenience while requiring minimal document submission.
DBS Treasures, the premium banking service from DBS for customers maintaining a total relationship value of over Rs 3 million, offers comprehensive wealth management solutions, dedicated relationship managers, and a range of exclusive privileges. In 2023, the bank introduced the Vantage Card, an invitation-only credit card tailored for high-net-worth individuals (HNIs) and frequent international travellers, providing a host of premium benefits.
The bank has also simplified the account opening process for NRIs, offering online applications with view-access functionality before document submission. This digital process is designed to minimize paperwork and improve convenience. In addition to these updates, DBS has opened a new flagship branch in Indiranagar, Bangalore, marking its third location in the city. This branch will primarily focus on providing wealth management services to HNIs and NRIs.
“Having been in India for over 30 years, DBS has developed a robust understanding of the preferences of high-net-worth Indians, both in the country and abroad. The pattern of wealth creation in India has become more decentralized, demanding a stronger regional presence”, said Richa Tripathi, Head of Wealth Management and Treasures at DBS Bank India.
