Deutsche Bank Fixed Deposit Interest Rates vary between 1.80% to 6.25% depending on the tenure of investment and deposit amount. Earn fixed interest for the selected tenure, while securing your funds safely with the bank. You can open the deposit online. Special discounted rates are also available for senior citizens. The minimum Fixed Deposit (FD) amount is Rs. 20,000. The maximum tenure is 5 years. You can also put money in Tax Saver FDs.
A nomination facility is available. You can also get an overdraft up to 95% against the FD at attractive rates. In this post, we will discuss features of Deutsche Bank Fixed Deposit Interest Rates, domestic and NRO FD rates, NRE deposit rates, discounted rate for senior citizens, calculation of interest for leap and non-leap years, and FAQs.
Here are the features of Deutsche Bank FD Rates:
Here is the latest update:
Here are the essentials:
NOTE: If the single NRE deposit is lower than Rs. 2 crores in amount, then no interest is available if the premature withdrawal happens in less than a year. In case of premature withdrawal after a year, the applicable rate will be cut down by 1%, and the same will then apply to any renewals henceforth.
Here are more details:
Here is more information:
Here are the Deutsche Bank FD Interest Rates:
If you withdraw the fixed deposit prematurely before 7 days, then no interest is payable.
You need to put at least Rs. 20,000 in the Fixed Deposit account. Interest rates may change without prior notice. So, stay updated with the latest information.
The rates for deposits over and equal to Rs. 2 crores are updated on a Friday. It is updated daily. The rate then is applicable for the following weekend.
For monthly interest pay-out, the calculation of interest happens for the quarter. It is also paid monthly at a discounted interest rate as per the Reserve Bank of India guidelines.
The Tax Saver FD scheme by the bank allows you to get tax exemptions. You can invest up to Rs. 1.5 lakhs for 5 years. The tax exemptions are as per Section 80C of the Income Tax Act, 1961. This is a fixed tenure, and you cannot break it in between. If broken, there will be no tax benefits available.
If you make a premature withdrawal after 7 days of opening the FD, then the rate of interest will be 1% lower than what was originally applicable. This rate will also apply to all deposits including renewals.
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