|
Deutsche Bank FD Interest Rates (p.a.) Highlights – 2025 |
|
| Highest slab rate | 8.00% (For above 1 year to 3 years) |
| For 1 year | 7.00% |
| For 2 years | 8.00% |
| For 3 years | 8.00% |
| For 4 years | 7.00% |
| For 5 years | 7.50% |
| Tax-Saving FD | 7.50% |
The interest rates are updated as of 6 January 2025
Deutsche Bank Fixed Deposit Interest Rates
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore w.e.f. 10 June 2024
| Tenure |
Interest Rates (% p.a.) |
|
| Regular Citizens | Senior Citizens | |
| 7 days | 3.00 | 3.00 |
| 8 – 14 days | 3.00 | 3.00 |
| 15 – 29 days | 3.00 | 3.00 |
| 30 days | 4.00 | 4.00 |
| 31 – 45 days | 4.00 | 4.00 |
| 46 – 59 days | 5.25 | 5.25 |
| 60 – 89 days | 5.25 | 5.25 |
| 90 – 99 days | 5.25 | 5.25 |
| 100 days | 7.00 | 7.00 |
| 101 – 180 days | 7.00 | 7.00 |
| 181 – 270 days | 7.00 | 7.00 |
| 271 days – 1 year | 7.00 | 7.00 |
| Above 1 year to 1.5 years | 8.00 | 8.00 |
| Above 1.5 years to 2 years | 8.00 | 8.00 |
| Above 2 years to 3 years | 8.00 | 8.00 |
| Above 3 years to 4 years | 7.00 | 7.00 |
| Above 4 years to less than 5 years | 7.00 | 7.00 |
| 5 years | 7.50 | 7.50 |
Deutsche Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years (Tax Saver) | 7.50 | 7.50 |
NRE Fixed Deposit Interest Rates w.e.f 10 June 2024
| Tenure | Interest Rates (% p.a.) |
| 1 year | 7.00 |
| Above 1 year to 1.5 years | 8.00 |
| Above 1.5 years to 2 years | 8.00 |
| Above 2 years to 3 years | 8.00 |
| Above 3 years to 4 years | 7.00 |
| Above 4 years to less than 5 years | 7.00 |
| 5 years | 7.50 |
Types of Deutsche Bank FD Schemes
Resident Fixed Deposit
- Minimum deposit amount: Rs 20,000
- Tenure: 7 days to 5 years
- Depositors can avail overdraft of up to 95% of the deposit amount
- Nomination and online booking facility is available
- Depositors can either opt for monthly, quarterly or cumulative interest pay-out option
- In the case of the monthly interest pay-out option, the interest will be calculated for the quarter and paid monthly at a discounted rate
- In the case of cumulative deposits, interest is compounded quarterly and paid at maturity
- Both a leap year (366 days) and a non-leap year (365 days) are considered as 1 completed year for calculating the tenure of FD
Senior Citizen Fixed Deposit
- Eligibility: Indian resident individuals of age 60 and above
- Tenure: 7 days to 5 years
- In the case of a joint account, the first holder should be a senior citizen
- Partial / Premature withdrawal is permitted
- Overdraft facility of up to 95% of the deposit amount is available
- Nomination facility is also available
Tax Saver Fixed Deposit
- Deposits under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Deposit amount: Minimum: Rs. 20,000 and thereafter in multiples of Rs 1,000; Maximum: Rs. 1.5 lakh
- Nomination facility is available
- Loans facility is not available against the tax-saving fixed deposit
NRO Fixed Deposit
- The deposit can be opened jointly with Resident Indians
- Tenure: 7 days to 5 years
- Interest on FD is credited every 3 months or at the time of maturity
NRI/NRE Fixed Deposit
- Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
- The principal and interest are fully repatriable
- Tenure: 1 year to 5 years
- The deposit is automatically renewed on maturity in absence of any instruction
Premature Withdrawal of Fixed Deposits
- No interest will be paid for deposits withdrawn prematurely before 7 days
- If deposits are prematurely withdrawn on the 7th day or thereafter, the interest rate will be 1% below the applicable interest rate for the FD. The applicable interest rate will be the rate as of the date of booking FD for the tenure for which the deposit has run. This is applicable for all FDs including renewals
- Premature withdrawal of fixed deposit is not allowed in Tax Saver deposits
FD Calculator
When going for a Deutsche Bank term deposit, it is imperative to know the benefits one shall reap from the same. For ascertaining this, tools like the FD calculator by Paisabazaar.com may prove handy. Customers need to provide a few details like the deposit amount, tenure of deposit and prevailing Deutsche Bank FD interest rate for the preferred tenure and the tool shall do its work within seconds, thus providing the user with the maturity amount he/she may get at the end of the tenure selected.
FAQs
Q. What is the highest Deutsche Bank fixed deposit rate?
A. Currently, the highest FD interest rate of Deutsche Bank is 8.00% p.a. for a tenure of above 1 years to 1.5 years.
Q. Can individuals not having an account with the Deutsche Bank apply for fixed deposits?
A. Yes. The FD facility by Deutsche Bank is extended to non-account holders too.
Q. Will a change in the interest rates affect the existing FD owners of the bank?
A. The change shall only affect the existing owners at the time of renewal. This means that after the scheme has expired and the investor reapplies, then FD is issued at revised rates. Apart from this, a revision in interest rates won’t affect the existing customers.
Q. Does the bank provide recurring deposits?
A. Yes, Deutsche Bank gives both the options of fixed as well as recurring deposits.
Q. Are the rates different for term deposits and recurring deposits?
A. No. Deutsche Bank FD rates are similar to the recurring deposit rates provided by the bank.