DBS Bank India has launched ‘DBS Study Abroad Total Assist,’ designed to support DBS Treasures customers and their families through their overseas education journey. It comes with zero-fee international transfers, education loans, and travel insurance features.
Key featuresof the proposition include:
- Same-day zero-fee international remittances:Parents can transfer funds abroad without incurring any bank fees, empowering them to prioritise their children’s needs and avoid concerns about hidden costs.
- Comprehensive student travel insurance:Students receive robust coverage against unexpected events such as illness, lost baggage, and accidents, with protection up to USD 1 million.
- Education loans:Families can access education loans starting at just 10.25% per annum[v]through Credila Financial Services Limited (formerly known as HDFC Credila Financial Services Limited), helping to ease the financial burden of higher education.
- Zero forex markup on overseas spending:The DBS Treasures VISA Infinite Debit Card enables cost-effective transactions worldwide with no forex markup.
- Remote overseas bank account opening[ :Students traveling to Singapore can open an overseas bank account remotely, receiving their debit card before departure for a smooth transition.
Leveraging the bank’s cross-border and digital capabilities, ‘DBS Study Abroad Total Assist’ streamlines the entire process with a fully digital and paperless experience, allowing customers to manage all their financial requirements conveniently through the digibank app.
To learn more about the offering, customers can visit any DBS India branch or explore the website:https://www.dbs.com/in/treasures/dbs-forms/banking/remittances/study-abroad-total-assist-form.page
