You can open a recurring deposit account with Deutsche Bank to avail attractive returns. The bank offer both general and senior citizens the same interest rates when investing in a recurring deposit account. An RD account with the bank can be opened for a minimum investment of Rs.5,000 and a maximum investment of Rs.2 lakh. The tenure offered ranges between 1 year and 5 years.
Listed below are the tenures and interest rates offered by Deutsche Bank when it comes to opening an RD account with them:
|Maturity Period||Interest Rate||Interest Rate for Senior Citizens*|
|15 months to 18 months||7.00%||7.00%|
|21 months to 24 months||7.00%||7.00%|
|27 months to 36 months||7.00%||7.00%|
|39 months to 48 months||7.25%||7.25%|
|51 months to 57 months||7.50%||7.50%|
Deutsche Bank Short-Term Recurring Deposit Interest Rates
Short-term recurring deposits offered by Deutsche Bank have a tenure that range between 1 year and 2 years. The bank offer interest in the range of 5.50% to 7.00% p.a. when investing in such RDs. The highest interest under short term RDs is provided for investing in the deposit tenure of 1 year 3 months to 1 year 6 months.
Deutsche Bank Medium-Term Recurring Deposit Interest Rates
Deposit tenures that range between 21 months to 48 months fall under the bracket of medium-term recurring deposits. The interest paid by the bank for investing in such RDs range between 7% to 7.25% p.a. to both general and senior citizens.
Deutsche Bank Long-Term Recurring Deposit Interest Rates
Long-term recurring deposits range from 4 years 3 months to 5 years. Deutsche Bank offer interest in the range of 7.25% to 7.75% p.a. is offered for opening an RD account for a period that ranges between 4 years 3 months to 4 years 9 months, 7.75% p.a. is offered for opening an RD account for 5 years.
More you need to know about Recurring Deposit
- Compare Recurring Deposit Rate of Deutsche Bank with Other Banks and Institutions
- Check Features and Schemes of Deutsche Bank Recurring Deposit