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* |
---|---|---|
12 months | 5.50% | 5.50% |
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% |
60 months | 7.75% | 7.75% |
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.
Know more about Recurring Deposit
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.
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