Deutsche Bank, headquartered in Frankfurt, Germany operates in about 70 countries across the world. The bank with employee strength of about 78000 was established in the year 1870. The bank operating in India provides other than retail banking, services like on-shore investment banking, institutional equities broking, business process outsourcing and asset & wealth management. It caters its services to institutions, corporate & individual customers.
1. Value-Plus Savings Account
Value Plus savings account designed by Deutsche Bank comes with features that can make your financial life both simple & interesting. One can immediately start transactions once the account is opened for which the account holder is provided with an opening kit. The account can be opened by depositing a cheque of minimum Rs. 100000. Accounts of other family members can be clubbed together and operated separately as well.
For keeping the account live in either 'A' or 'B' class cities, the account holder has to maintain a minimum Average Quarterly Balance (AQB) of Rs. 100000 or a minimum Assets under Management (AUM) amount of Rs. 150000.
This popular savings account has features like online banking facility, phone banking facility, free 'Payable at par' cheques, free of cost demand drafts & pay orders payable at 500 branches across India, e-mail & SMS alerts on transactions (including payment success/failure alerts, Cheque bouncing/clearing alerts, etc.), monthly e-statement facility, etc.
The account holder is provided with free International Gold Debit Card which is valid across the globe and free cash transactions can be carried out at over 27000 ATMs in India & over 30000 ATMs in about 40 countries (through Global ATM alliance).
The account holder, using the debit card can avail high withdrawal limits & shopping limits up to Rs. 150000. On purchases made at petrol pumps in India, the 2.5% surcharge is waived off. Moreover, the account holder is benefited by way of accumulation of reward points on all the transactions done at merchant outlets.
In case of any unauthorised or fraudulent transactions made through debit card or online banking, there is no liability on the account holder.
The cheque book facility is provided to the account holder, who can issue local or outstation cheques as per requirement. All outstation cheques shall be treated as local cheques at all the branches of the Deutsche Bank in India. An account holder can utilise as many cheques as he wants to & also, there is no limit on the amount that can be transferred.
Moreover, the account holder can withdraw cash without incurring any charges or fees towards withdrawal at the following banks located worldwide:
Customer Care: 24x7 customer care service is available for any assistance to the account holder.
2. Expat Savings Account
This account plan, as the name suggests is meant especially for those living in other countries other than their home country & all the needs & desires of the expats have been considered by the bank while designing the plan.
This account comes with features & benefits like free international platinum debit card for the account holder & co-applicant, in case of joint account, free pay orders & demand drafts, 'Payable at par' cheque book facility, free outward remittances, etc.
The account holder can use the debit card not only at the 28 million VISA merchant establishments, but at all ATMs across India & ATMs in about 40 countries (through Global ATM alliance) without incurring any withdrawal fee. On purchases made at petrol pumps in India, the 2.5% surcharge is waived off. Moreover, purchase protection cover of Rs. 100000 & lost card insurance coverage of Rs. 500000 is provided to the account holder.
For keeping the account live in either 'A' or 'B' class cities, the account holder has to maintain a minimum Average Quarterly Balance (AQB) of Rs. 40000.
Some special privileges are provided to the account holder of the Expat savings account like invitation to special events & preferential interest rates on fixed deposits of Rs. one crore & above (please visit the bank's website or contact customer care for obtaining more details on the terms & conditions). Also, Service Managers are at the service of the account holder to guide & help the account holder.
Deutsche Bank also provides db wealthpro, a wealth management tool for monitoring & controlling the finances of the account holder. Deutsche Bank Investment Services is another tool which provides solutions to the financial conditions of the account holder, like the Superior Investment Solutions, which helps in deciding where & when to invest in schemes like mutual funds, life & non life insurance policies, etc.
3. Regular Savings Account
This account plan is meant for residents of 'B' category cities only, which can be opened by depositing a cheque of Rs. 25000. For keeping the account live, the account holder has to maintain a minimum Average Quarterly Balance (AQB) of Rs. 25000 or a minimum Assets under Management (AUM) amount of Rs. 150000.
4. Easy Savings Account
This is a basic account plan especially designed for first time savers, which requires minimum maintenance & there is no need to maintain AQB.
5. Advantage Savings Account
This account can be opened by depositing a cheque for an amount ranging from Rs. 200,000 to Rs. 500,000. For keeping the account live, the account holder has to maintain a minimum Average Quarterly Balance (AQB) of Rs. 200000 for tier 'A' cities & Rs. 100000 for tier 'B' cities or minimum Assets under Management (AUM) amount of Rs. 750000 for tier 'A' cities & Rs. 300000 for tier 'B' cities.