|Tenure||Rate of Interest p.a – General||Rate of Interest p.a – Senoir Citizens|
|15 months to 24 months||6.9||6.9|
|27 months to 36 months||7||7|
|39 months to 48 months||7||7.25|
|51 months to 57 months||7.25||7.5|
Get the Best Rates for a Deutsche Bank Recurring Deposit
Recurring deposits are an easy way to save money in small chunks without feeling much financial burden in your monthly budget. For Deutsche Bank Savings Account holders, an RD is a very simple way to save money as the monthly sum will be directly debited from your bank account. A recurring deposit earns more interest than a savings account, so it would be smart to put away a portion of your earnings! To open an RD with Deutsche Bank, you need to save at least Rs. 5000 per month. The maximum limit is Rs. 2,00,000. RD tenures start at 12 months and can go up to 60 months.
Deutsche Bank Short Term Recurring Deposit Interest Rates
The minimum deposit tenure for a Deutsche Bank RD is 1 year and Interest rate of 6.00% per annum. Short term deposits range between 15 months to 24 months. You can earn 7.00% to per annum on your deposit. Interest will be paid when the deposit matures. In case you break the deposit within 14 days, no interest is payable. Prematurely withdrawing the deposit will attract 1% penalty charges.
Deutsche Bank Medium Term Recurring Deposit Interest Rates
For deposits between 27 months and 36 months, you can earn interest of 7.00%. If you choose to deposit money for a longer period of 39 to 48 months, then you can earn 7.00% interest. Longer durations will earn higher interest rates. At the end of the deposit, the same sum will fetch you more interest payable.
Deutsche Bank Long Term Recurring Deposit Interest Rates
Deposits with tenures of 51 months to 57 months attract interest is 7.25% per annum. The maximum tenure allowed is 60 months which will fetch the highest interest of 7.75% per annum. Long term RDs are a bigger commitment and maybe hard to keep when faced with budget constraints. But upon maturity, the deposit will be fruitful.
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