In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives
Initial minimum fixed deposit size is Rs. 20,000.
Premature withdrawal:
For Single Deposit of less than INR 3 crore
— Less than 1 year : no interest
— 1 year & above : A penal rate of 1% would be charged i.e. the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty
For Single Deposit of >= INR 3 crore
— Less than 1 year: no interest
— 1 year & above: A penal rate of 1% would be charged i.e. the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty
Interest rates are subject to change without prior notice.
Please contact your Relationship Manager or Branch for applicable interest rates on any deposit equal to or greater than Rs. 3 crore.
Special interest rates quoted above (for tenors more than 1 year) are applicable for deposits of value less than Rs. 3 crore only.
No interest is payable for all deposits withdrawn prematurely before 7 days.
Premature withdrawal - For premature withdrawal of fixed deposits on 7th day or thereafter, a penal rate of 1% would be charged, i.e., the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty.
Minimum fixed deposit amount is Rs. 20,000.
Interest Rates are subject to change without prior notice.
The following interest payout options available for the customer
Monthly
Quarterly
Cumulative
*Applicable only for Retail Deposits - Senior Citizens i.e. Resident Individuals of age 60 years & above and excludes Non-Resident individuals, Individuals in their capacity as a Karta in HUFs and all non individuals. Incase of joint accounts the first holder should be a senior citizen to avail of these rates.
Book Online
Now you can open your Fixed Deposit Account at your convenience through db OnlineBanking.
Types of Fixed Deposits that can be booked online:
Regular Fixed Deposit for resident / non-resident ordinary (NRO) accounts.
Regular Fixed Deposit for non-resident external (NRE) accounts.
Book your FD online in 2 minutes and 4 simple steps:
Log on to db OnlineBanking
Choose 'Book Fixed Deposit' online option
Specify amount, tenure and interest payout frequency - For booking deposits online, the initial minimum fixed deposit is INR 20,000 and maximum is INR 99.99 lakhs - Contact your branch for booking deposits of higher amounts - Payout frequency can be - Monthly, Quarterly or at Maturity for NRO Deposits and Quarterly or at Maturity for NRE Deposits
Enter your transaction password and confirm
Your Fixed Deposit will be displayed in your account from the next working day. Your fixed deposit advice can be viewed and downloaded at a later stage from the service request query menu within online banking.
Double Taxation Avoidance Agreement
Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions. With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.
You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.
Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency’ of the payee.
Duly filled declaration advising the tax residency of the account holder.
The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
To avail of the facility for one complete financial year, you will have to provide the documents by 15th March of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.
More Fixed Deposit options
Resident Fixed Deposit
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Resident Fixed Deposit
Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit.
Resident Fixed Deposit
Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit.
*This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.
Deutsche Bank AG, Mumbai Branch (“Bank”) of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.
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