The Digital Resilience Bonus (DRB) by IMDA was initiated to uplift the digital capabilities of a broad base of enterprises, starting with the F&B and Retail sectors. To help streamline the digital solutions you’d need to qualify and claim up to S$10,000 from the different categories of payouts, we have launched the DBS Resilience Package with our partners.
Check out your eligibility and solutions we have curated for the different sectors and build your business resilience step by step! What’s more, receive a S$100 cash voucher* when you sign up! DBS Resilience Package terms and conditions apply.
Step 1 Complete the prerequisites | Step 2 Complete to get S$2,500 | Step 3 Complete to get S$2,500 | Step 4 Complete to get S$5,000 |
Ensure you have PayNow Corporate and use InvoiceNow (Peppol e-invoicing). | Use digital solutions that help streamline your operations in accounting, HR/Payroll and ordering (F&B) /e-commerce (retail). | Use digital solutions to set up your digital presence and digital ordering (F&B) /e-commerce (retail) as an additional channel of revenue to grow your business. This qualifies you for Category 1 and Category 2 under the DRB. | Use Data Mining & Analytics solutions for more valuable insights to make informed business decisions. Please check back for solutions under this category. |
Let Uncle Lim show you how easy it is to qualify and claim for the Digital Resilience Bonus with DBS.
Complete your DBS Resilience Package with the following on-going promotions and grants:
- New to InvoiceNow (Peppol e-invoicing) – Pre-register for DBS InvoiceNow and you will be auto onboarded the Peppol network and receive early bird perks. Starting Q1 2021, you will be able to generate, send and receive e-invoices via DBS IDEAL. More information on DBS InvoiceNow can be found here.
- New to DBS Business Account – Apply online for a digital account as part of the DBS Resilience Package and receive a S$200 cash rebate+.
- New to Start Digital – Enjoy a one-time sign up bonus of S$100* cash rebate to your DBS Business Account upon successful activation.
- Temporary Bridging Loan – Receive a S$200+ cash rebate when you apply online (quote "DRB").
*Terms and conditions apply. Applicable for new Start Digital subscribers
+Terms and conditions apply.
What is the Digital Resilience Bonus (DRB)? | |
The Digital Resilience Bonus (DRB) was announced during the Fortitude Budget speech made by Deputy Prime Minister Heng Swee Keat in May 2020. The DRB provides additional support to enterprises seeking to uplift their digital capabilities to adapt to safe management practices after the circuit breaker period. As a pilot, the Bonus will be targeted at the Food Services and Retail sectors. More information on the Digital Resilience Bonus can be found here. |
How can a SME receive the Digital Resilience Bonus (DRB) payout and how much can a SME receive? | |
According to the Infocomm Media Development Authority (IMDA), enterprises incorporated in Singapore on or before 26 May 2020 in the food services and retail industries can receive DRB payouts of up to S$10,000, if they meet the eligibility criteria and requirements of the DRB which includes:
The DRB payout for Category 1 (Business Process Solutions) and 2 (Digital Presence) is S$2,500 per enterprise per category, while the DRB payout for Category 3 (Data Mining and Analytics) is S$5,000 per enterprise. Eligible enterprises that fulfil the requirements of all categories will receive S$10,000. For further information on the eligibility criteria and requirements for the DRB and details of the various categories can be found here. |
What are the mandatory criteria to be eligible for the Digital Resilience Bonus (DRB)? | |
According to the IMDA, before you are eligible for any of the 3 categories of DRB payouts, the mandatory baseline criteria that needs to be met includes the following, your UEN:
|
Do I need to be a DBS SME banking customer to sign up for the DBS Resilience Package? | |
Yes, the DBS Resilience Package is available to DBS SME customers only who have a DBS business account. If you do not have an existing DBS business account, you can open one with us digitally here, and receive a S$200 cash rebate. |
How do I receive Digital Resilience Bonus (DRB) payout into my DBS business account? | |
According to the IMDA, the first enterprises that adopt the pre-defined solutions will receive their first DRB payouts in August 2020. Those that adopt these solutions later will receive their DRB payouts in later months. IMDA will have a monthly cycle In addition, you will need to ensure that your:
For more information on PayNow Corporate, please click here. For more information on the eligibility criteria and other requirements of the DRB, please click here. |
How can I seek help to understand how to fulfil the eligibility criteria? | |
If your UEN is incorporated on and before 26 May 2020 and falls under the approved SSIC codes in the Food Services and Retail sector as stipulated by IMDA, please reach out to us by applying for the DBS Resilience Package using the application form here. A DBS representative will reach out to see how we can assist you in this respect. |
How has the DBS Resilience Package been designed with the Digital Resilience Bonus (DRB) in mind? | |
The DBS Resilience Package has been structured to connect your business with various service providers offering digital solutions which fall within the categories of qualifying digital solutions for the DRB, as stipulated by the IMDA. For more information on IMDA’s classification of the respective categories please click here. For example, a food services business incorporated in Singapore on or before 26 May 2020 could qualify for the DRB by taking the steps shown below: Step 1 - To meet the other mandatory baseline criteria and qualify for a DRB payout under Category 2 (Digital Presence):
Step 2: -To qualify for a DRB payout under Category 1 (Business Process Solutions):
Further details on the eligibility criteria and requirements for receiving DRB payouts can be found here. Take note that we are in the process of rolling out a retail edition of the DBS Resilience Package. This will be announced in the coming weeks. |
That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?