Deutsche Bank Recurring Deposit is a type of term deposit where individuals make minimal installments consistently at regular intervals. It offers flexible tenure for individuals. As a result, depositors can make installments depending on the tenure they choose.
A leading Bank in Germany and the rest of Europe, Deutsche Bank is a global investment bank. The bank is rapidly growing in North America and Asia.
It operates in over 70 countries across the world. In India, Deutsche Bank provides integrated financial services to corporate, individual and institutional clients.
Invest wisely, maximise your savings, secure your funds and earn high rates of interest with Deutsche Bank’s Recurring Deposit scheme. The RD scheme has been especially designed to let depositors save smaller amounts (in fixed monthly instalments) for a fixed tenure and enjoy multiple benefits.
To provide maximum benefits to investors, Deutsche Bank offers interest rates similar to that of a regular FD on its Recurring Deposit scheme. The interest rate ranges from a minimum of 7.25% and goes as high up as 8.60%.
The interest rate earned obviously depends on the selected deposit tenure. Higher the tenure of RD, the more is the interest rate. Be a wise investor and adapt this simple way to save money, every month.
The minimum deposit amount is Rs. 5000 and thereafter additional investments can be made in multiples of Rs. 1000 and the maximum deposit amount is 200,000. The minimum tenure of RD is 12 months and maximum is 60 months.
To maximise the benefits for customers, Deutsche Bank offers interest rates at par with regular a FD on its Recurring Deposit scheme. The interest rate varies depending on the selected deposit tenure. It ranges from a minimum of 7.25% and goes as high up as 8.60%. With a higher deposit tenure, the interest rate increases. A wise investor usually adapt this simple way to save money, every month.
If you open an RD account with Deutsche bank, the interest that you earn on the same is free of TDS (Tax Deducted at Source) deductions, as per the current income tax rules.
Yes, on holding a savings account with Deutsche Bank, the specified amount of monthly instalment can be automatically transferred to your RD account (from your savings account).
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