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DBS Bank India Ltd.

Research notes as of 09 Oct 2026, not legal or tax advice. VERIFIED means we read the primary source, REPORTED means secondary sources only, and UNCERTAIN means the law or practice is unclear. Ask your bank or a CA before acting on uncertain points.

How to file with DBS Bank India Ltd.

From the bank's published export policy and other sources, checked 2026-10-04. Banks are still settling their procedures, so confirm with your branch.

How to submit

  • Request letter (channel not named) reported

    Policy's service-standards table lists a request letter with FEMA declaration in the bank's standard format. No portal or email for EDF is named. DBS Business/IDEAL is likely for SMEs (inference).

    Source

Documents the bank may ask for

  • Request letter with FEMA declaration in standard format verified
  • Invoice with SAC code on it verified
  • Underlying agreement/contract (where applicable) verified
  • Service completion evidence (where applicable) verified
  • EDF per Regulation 3 timelines verified
IEC needed?
Not confirmed. Ask your bank
Timing
Within 30 days from end of invoice month; services other than software may submit on or before date of payment receipt; extension on request
Charges
Per Schedule of Charges on DBS website
FIRA / FIRC
not verified
Declaring the purpose code
not verified

Recommendations

  • DBS India (digibank) offers retail savings accounts to residents, so freelancers may hold DBSS accounts. The published policy sits under the SME section; retail customers should ask DBS support for the channel to submit the EDF and request letter.
  • Put the SAC code on every invoice; DBS lists 'Invoice along with SAC code mentioned on it'.
  • Skydo's DBS relationship is DBS Singapore (SGD collection), not DBS India.

The bank's export policy (FEMA 23(R)/2026, Reg. 19 disclosure)

Payment services that settle through DBS Bank India Ltd.

  • EximPe (Les Amis Pvt Ltd) · EDF goes to: uncertain

Sources