DBS India Launches Enhanced Wealth Management Services for HNIs and NRIs
DBS India has introduced an upgraded wealth management offering, giving Indian customers seamless access to cross-border treasury services in key Asian markets such as Singapore, Hong Kong, Taiwan, Indonesia, and China. Aimed at high-net-worth individuals (HNIs) and non-resident Indians (NRIs) both in India and overseas, the offering also includes a new digital account opening process for NRIs, enabling them to complete most steps—except for document submission—within an hour.
DBS Treasures, the bank's premium banking service for customers with a total relationship value exceeding Rs 30 lakh, provides access to wealth management solutions, experienced relationship managers, and exclusive privileges. In 2023, DBS launched the Vantage Card, an invite-only credit card with a suite of benefits for HNIs and international travelers.
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.
