Deutsche Bank offers fixed deposits that protect your money while offering attractive interest rates with flexible tenure options. There are monthly, quarterly, and cumulative payout options as well as overdraft facilities available. The online booking facility makes it easy to open and manage your fixed deposit account. There are options for senior citizen fixed deposit, NRI fixed deposit, and tax-saver fixed deposit as well.
Deutsche Bank offers the following fixed deposit schemes-
The Deutsche Bank FD interest rates ange from 1.80% p.a. to 5.50% p.a. for deposits below Rs.2 crore and a tenure ranging from 7 days to 5 years. With a Tax Saver fixed deposit account that has a fixed tenure of 5 years, you can earn interest of 5.50% per annum. NRI fixed deposits, in the form of NRE and NRO accounts, attract an interest rate ranging from 1.80% p.a. to 5.50% p.a. for tenures that range from 7 days to 5 years.
Earn a higher interest than a savings account and that too with total security of your funds with Deutsche Bank Fixed Deposit.
Get Fixed Deposits interest rates by Top Banks Explore FD rates
The Deutsche Bank’s overdraft against fixed deposit facility works entirely in the best interest of the fixed deposit account holder.
When you accrue a loan against your Deutsche Bank fixed deposit account-
Overdraft Amount
| Minimum Overdraft Amount | Rs. 25,000 |
| Maximum Overdraft Amount | Upto 95% of Fixed Deposit Amount |
Tenure
The tenure of the loan offered against your fixed deposit account is subject to the tenure of your fixed deposit.
A time frame between 7 days to 365 days is the standard tenure offered for the overdraft facility.
Rates of Interest 24% p.a. on overdrawn amount as applicable.
The Deutsche Bank’s overdraft against fixed deposits facility offers its account holders with the following appealing benefits-
Deutsche Bank offers NRE and NRO fixed deposit accounts.
NRE Fixed Deposits
Interest Rates* for NRE deposits less than Rs. 2 crore are listed below
| Tenure | Interest Rates |
|---|---|
| 1 year | 4% |
| 1 to 1.5 years | 4.50% |
| Greater than 1.5 years up to 2 years | 4.50 |
| Greater than 2 years up to 3 years | 4.75% |
| 3 to 4 years | 5% |
| 4 to 5 years | 5.50% |
| 5 years | 6.25% |
*Rates are subject to change
NRO Fixed Deposits
Interest Rates* for NRO deposits less than Rs. 1 crore are listed below
| Tenure | Interest Rates |
|---|---|
| 7 days | 2% |
| 100 days | 3.70% |
| 1 to 1.5 years | 4.50% |
| 2 to 3 years | 4.75% |
| 3 to 4 years | 5.00% |
| 4 to 5 years | 5.50% |
| 5 years | 6.25% |
*Rates are subject to change
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Deutsche Bank offers two methods of opening a fixed deposit account to their customers,
Branch Applications
Online Applications
Following are the easy steps to open an online fixed deposit account with Deutsche Bank-
The fixed deposit advice will be delivered to the mailing address specified by you.
For premature withdrawals before seven days for NRO deposits, Deutsche Bank charges a penalty of 1%.
For deposits less than and greater than Rs. 1 crore, there are no penalties charged for a tenure of less than 1 year. However, for 1 year and above, a penalty rate of 1% would be charged (the interest rate is the rate applicable for the period for which the deposit is with the bank).
The minimum amount required to open a fixed deposit account with Deutsche Bank is Rs.20,000.
The minimum tenure of a fixed deposit account with Deutsche Bank is 7 days.
The maximum tenure of fixed deposit accounts with Deutsche Bank is 60 months.
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