Interest Rates - Fixed Deposits and Recurring Deposits - Deutsche Bank India (2023)

NRE Fixed Deposit Rates

w.e.f. 25. January 2023

• For monthly interest payments, interest is calculated for the quarter and paid monthly at a discounted rate in accordance with RBI guidelines
• The minimum initial deposit size is Rs. 20,000
• early resignation
  
  • For a single deposit less than Rs. 2 crores
  • Less than 1 year: interest-free
  • From 1 year: If time deposits are paid out early, the interest rate is 1.00% less than the interest rate applicable to the deposit. The applicable interest rate is the rate applicable on the day of booking for the period for which the deposit was paid. This applies to all deposits including rollovers

• Interest rates are subject to change without notice.

• These rates apply to new deposits and renewals of existing deposits booked from the Effective Date above. These fees do not apply to existing deposits booked using previous fees. As interest rates are subject to change without notice, the depositor should check interest rates on the value date of the deposit and interest will be paid at the agreed rate regardless of subsequent change in deposit rates.

• In the case of final interest-bearing deposits (accumulated interest-bearing deposits), the interest is calculated and capitalized quarterly on the basis of the account opening date. This calculated amount of interest is added to the capital amount of your time deposit account at the end of each calendar quarter.

• The bank considers both a leap year (366 days) and a non-leap year (365 days) when calculating the term of a time deposit as 1 full year. If a customer reserves a 1-year term deposit in leap years or non-leap years, the interest applicable to that balance will apply for the 1-year term. If a customer books a fixed-term deposit for 2 years, spread over a leap year and a non-leap year, the interest on this fixed-term deposit is calculated for the term > 1.5 years - 2 years. This condition applies to all terms >= 1 year that extend over a leap year and a non-leap year
  

w.e.f. 25. January 2023

Observe :

• Interest rate per year (%).
• The above special interest rates apply to deposits less than Rs. 2 crores only.
• Deposits withdrawn before 7 days will not earn interest.

• Advance withdrawal - If time deposits are withdrawn in advance from the 7th day, the interest rate is 1.00% less than the interest rate applicable to the deposit. The applicable interest rate is the rate applicable on the day of booking for the period for which the deposit was paid. This applies to all deposits, including rollovers.

• The minimum fixed deposit value is Rs. 20,000.

• Interest rates are subject to change without notice.

• The following interest payment options are available to the customer
  • A month
  • Quarterly
  • cumulative

• *Applicable to private deposits only – Seniors Indian Residents i.e. H. resident individuals aged 60 years or older, and excludes non-resident individuals, individuals acting as Karta in HUFs and all non-individuals. For joint accounts, the first holder must be an elderly person to benefit from these fees.

• These rates apply to new deposits and renewals of existing deposits booked from the Effective Date above. These fees do not apply to existing deposits booked using previous fees. As interest rates are subject to change without notice, the depositor should check interest rates on the value date of the deposit and interest will be paid at the agreed rate regardless of subsequent change in deposit rates.

• For monthly interest payments, interest is calculated for the quarter and paid monthly at a discounted rate in accordance with RBI guidelines.

• In the case of final interest-bearing deposits (accumulated interest-bearing deposits), the interest is calculated and capitalized quarterly on the basis of the account opening date. This calculated amount of interest is added to the capital amount of your time deposit account at the end of each calendar quarter.

• The bank considers both a leap year (366 days) and a non-leap year (365 days) when calculating the term of a time deposit as 1 full year. If a customer reserves a 1-year term deposit in leap years or non-leap years, the interest applicable to that balance will apply for the 1-year term. If a customer books a fixed-term deposit for 2 years, spread over a leap year and a non-leap year, the interest on this fixed-term deposit is calculated for the term > 1.5 years - 2 years. This condition applies to all terms >= 1 year that extend over a leap year and a non-leap year
  

For charges greater than or equal to Rs. 2 crore pleaseClick here

Interest rates on deposits greater than or equal to Rs. 2 crore are updated daily and rates updated on Friday apply to the following Saturday and Sunday. If today's rate doesn't update, try again later to check the updated rates.

Observe :

• Interest rate per year (%).
• Interest rates are subject to change without notice.
• No interest is payable on resident/NGO deposits withdrawn before 7 days have elapsed.
• NRE deposits withdrawn early will not earn interest before 1 year.
• Early payout for deposits from residents / NGOs
  In the case of early withdrawal of time deposits from the 7th day, the interest rate is 1.00% less than the interest rate applicable to the deposit. The applicable interest rate is the card rate for deposits of at least Rs. 2 crore on the day of booking and for the period for which the deposit has been held. This applies to all deposits, including rollovers.
• Early payout on NRE deposits
  In the case of early withdrawal of time deposits from 1 year, the interest rate is 1.00% less than the interest rate applicable to the deposit. The applicable interest rate is the card rate for deposits of at least Rs. 2 crore on the day of booking and for the period for which the deposit has been held. This applies to all deposits, including rollovers.
• The following interest payment options are available to the customer
  • A month
  • Quarterly
  • cumulative
• These rates apply to new deposits and renewals of existing deposits booked from the Effective Date above. These fees do not apply to existing deposits booked using previous fees. As interest rates are subject to change without notice, the depositor should check interest rates on the value date of the deposit and interest will be paid at the agreed rate regardless of subsequent change in deposit rates.
• For monthly interest payments, interest is calculated for the quarter and paid monthly at a discounted rate in accordance with RBI guidelines.
• The bank considers both a leap year (366 days) and a non-leap year (365 days) when calculating the term of a time deposit as 1 full year. If a customer reserves a 1-year term deposit in leap years or non-leap years, the interest applicable to that balance will apply for the 1-year term. If a customer books a fixed-term deposit for 2 years, spread over a leap year and a non-leap year, the interest on this fixed-term deposit is calculated for the term > 1.5 years - 2 years. This condition applies to all terms >=1 year that include a leap year and a non-leap year.
• The applicable fixed deposit policy of Deutsche Bank AG India (DB) allows its corporate and institutional clients (i.e. other than retail and retail clients, including MSMEs) to make deposits in BULK (with total amounts greater than or equal to INR 2 crore). at DB and restricts the splitting of such bulk deposits into multiples of less than INR 2 crore each where card fees apply. In view of the foregoing, DB reserves the right to refuse any Client request to place such Term Deposits in multiples of less than INR 2 crore at a time. This should be read in conjunction with any other terms and conditions applicable in relation to such time deposits placed with DB.
  

Observe :

• Minimum ticket size from Rs. 5,000 to maximum Rs. 200,000.
• Minimum term of 12 months (thereafter in multiples of 3 months).
• Maximum term of 60 months.
• Interest on recurring deposits is calculated by the Bank in accordance with the instructions of the Indian Banks' Association.
• Interest on recurring deposits is paid when due.
• Early Withdrawal - In the event of early withdrawal of recurring deposits, the interest rate is 1.00% below the rate applicable to the deposit. The applicable interest rate is the rate applicable on the day of booking for the period for which the deposit was paid. This applies to all deposits, including rollovers.
• If recurring deposits are broken within 14 days of the posting date, no interest will be paid.
• Interest rates are subject to change without notice.
• Partial withdrawals are not permitted for recurring deposits.
• In the event of a rate failure, SI default fees will apply in accordance with the fee schedule.
• *Applicable to retail deposits only – resident Indian seniors i.e. H. resident natural persons aged 60 years or older, excluding non-resident persons, persons acting as Karta in HUFs and all non-persons. For joint accounts, the first holder must be an elderly person to benefit from these fees.
• These rates apply to new deposits and renewals of existing deposits booked from the Effective Date above. These fees do not apply to existing deposits booked using previous fees. As interest rates are subject to change without notice, the depositor should check interest rates on the value date of the deposit and interest will be paid at the agreed rate regardless of subsequent change in deposit rates.
• In the case of final interest-bearing deposits (accumulated interest-bearing deposits), the interest is calculated and capitalized quarterly on the basis of the account opening date. This calculated amount of interest is added to the capital amount of your time deposit account at the end of each calendar quarter.
• The bank considers both a leap year (366 days) and a non-leap year (365 days) when calculating the term of a time deposit as 1 full year. If a customer reserves a 1-year term deposit in leap years or non-leap years, the interest applicable to that balance will apply for the 1-year term. If a customer books a fixed-term deposit for 2 years, spread over a leap year and a non-leap year, the interest on this fixed-term deposit is calculated for the term > 1.5 years - 2 years. This condition applies to all terms >=1 year that include a leap year and a non-leap year.