Deutsche Bank IFSC code & MICR code

The IFSC code has 11 characters consisting of both alphabets and numbers. Its first four characters are the bank name, followed by the numeral “0”. This is deliberately left blank for later use. The last six characters are the unique code assigned to the bank branch. The Deutsche Bank IFSC code for the Delhi branch located in New Delhi is DEUT0796DEL. In the code, “DEUT” stands for Deutsche Bank, “0” is left blank and “796DEL” is assigned to the specific bank branch in Delhi.

How Do I Search For Deutsche Bank IFSC and MICR Codes?

Looking for the IFSC and MICR codes for branches within the NEFT network is very simple, and there are multiple avenues you can use to locate them. The bank generally has a list of all bank branches part of the NEFT network on its website. Bank branches also print the IFSC and MICR codes of their branch on the leaves of cheque books they issue. You could also find the codes on websites like BankBazaar. On the site’s homepage, scroll to the bottom and select the “Bank IFSC Code” tab. Enter the details such as name of bank, state, district and bank branch and you will be presented with the IFSC and MICR codes for the specified bank branch.

How Do I Transfer Funds Using Deutsche Bank NEFT and RTGS?

Transferring funds is quick, convenient and safe with the NEFT and RTGS facilities offered by Deutsche Bank. Using these services would save you time since the transfers take place within a few hours and they take place through a secure network. Below are the ways you can use the Deutsche Bank NEFT and RTGS services to make online money transfers worry-free.

NEFT (National Electronic Fund Transfer):

The NEFT services offered by Deutsche Bank are available to customers on banking days between 8:00 am to 5:00 pm. NEFT transfer requests would be settled in hourly batches, the first batch being 8:00 am. This service is unavailable on second and fourth Saturdays and bank holidays. For transaction requests that are received after service hours or those received on holidays, the bank would settle them on the next working day.

There is neither an upper limit nor a lower limit on amounts transferred through NEFT, making this service a popular money transfer method.

Deutsche Bank does not charge its customers a fee for any transactions they receive through NEFT. There is a charge on outgoing transactions. The bank charges for providing this service are as follows:

1. The bank charges Rs. 2.50 for every transaction for amounts up to Rs. 25, 000.
2. The bank charges Rs. 5 for every transaction between Rs. 10, 001 and Rs. 1, 00, 000.
3. The bank charges Rs. 15 for every transaction between Rs. 1, 00, 001 and Rs. 2, 00, 000.
4. The bank charges Rs. 25 for every transaction for amounts of Rs. 2, 00, 001 and above.

The charges given above are exclusive of service tax.

RTGS (Real Time Gross Settlement):

The Real Time Gross Settlement is the quickest means of money transfer in the country. Money transfers by RTGS take place within two hours of the request being made, and these transactions are recorded on RBI’s books. Once the transfer request is made, the amount is settled as soon as the request is processed by the bank. The transactions are settled individually, as opposed to NEFT, where they are settled in batches. While there is no maximum amount that can be transferred at a time, a minimum amount of Rs. 2 lakh has to be transferred per transaction.

Deutsche Bank offers RTGS facilities to its customers from Monday to Saturday between 8:00 am to 3:15 pm on db Onlinebanking, Deutsche Bank’s online platform. The service is available from 8:00 am to 3:30 pm from Monday to Saturday at its branches. This service is not available on second and fourth Saturdays or on bank holidays. For RTGS requests received after the stipulated hours or on holidays, the bank would process the requests on the following working day.

There are no charges for payments received through RTGS. The bank levies a fee for payments made through RTGS, which are as follows:

1. For amounts between Rs. 2 lakh and Rs. 5 lakh, the bank charges Rs. 25 for every transaction.
2. For amounts above Rs. 5 lakh, the bank charges Rs. 50 for every transaction.

The charges above are inclusive of service tax.

About Deutsche Bank:

Deutsche Bank is a private bank based in Frankfurt, Germany. Set up in 1870 in Berlin primarily for foreign trade, the bank has grown into an investment banking giant, with operations in 70 countries. The bank provides the gamut of financial services to its customers, from corporate finance, wealth management, mergers and acquisitions to retail banking and fund management.