Deutsche Bank FD Rates | Deutsche Bank Fixed Deposit Interest Rates

Deutsche Bank FD Interest Rates

Deutsche Bank provides an attractive range of interest rates for fixed deposits (FDs) to both the general public and senior citizens. The interest rates range from 3.00% to 7.25% annually for tenures of 7 days to 5 years. For individuals looking to save on taxes, the bank offers a Tax Saving FD option with an interest rate of 7.25% per annum. It applies to both the general public and senior citizens for a 5-year tenure.

Fixed Deposit Interest Rate for Amounts Less than 2 Crore

Tenure

Regular Citizens

Senior Citizens

7 days

3.00%

8 – 14 days

3.00%

15 – 29 days

3.00%

30 days

4.00%

31 – 45 days

4.00%

46 – 59 days

4.00%

60 – 89 days

4.50%

90 – 99 days

5.25%

100 days

6.25%

101 – 180 days

6.25%

181 – 270 days

6.75%

271 days – 1 year

7.00%

Above 1 year to 1.5 years

7.50%

Above 1.5 years to 2 years

7.50%

Above 2 years to 3 years

7.75%

Above 3 years to 4 years

7.00%

Above 4 years to less than 5 years

7.00%

5 years

7.25%

Note: The interest rates are as of 12 May 2023

Tenure	Regular Citizens	Senior Citizens
5 years (Tax Saver)	7.50%	7.50%

Tenure

Regular Citizens

Senior Citizens

5 years (Tax Saver)

7.50%

Types of Deutsche Bank FD Schemes

Type of FD Scheme

Description

Resident Fixed Deposit

Min. deposit amount: Rs 20,000
Tenure: 7 days to 5 years
Overdraft up to 95% of deposit amount
Nomination and online booking available
Interest pay-out options: monthly, quarterly, or cumulative
Monthly interest pay-out calculated quarterly at a discounted rate
Cumulative interest paid at maturity

Senior Citizen Fixed Deposit

Eligibility: Indian residents aged 60+
Tenure: 7 days to 5 years
Joint account requires first holder to be a senior citizen
Overdraft facility up to 95% of deposit amount
Nomination facility available

Tax Saver Fixed Deposit

Eligible for tax deduction up to Rs 1.5 lakh under Section 80C per financial year
Deposit amount: Min: Rs. 20,000, then multiples of Rs 1,000
Max: Rs. 1.5 lakh
Nomination facility available
Loans not available against tax-saving fixed deposit

NRO Fixed Deposit

Jointly opened with Resident Indians
Tenure: 7 days to 5 years
Interest credited every 3 months or at maturity

NRE Fixed Deposit

Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
Principal and interest fully repatriable
Tenure: 1 year to 5 years
Automatic renewal on maturity if no instruction is given

Premature Withdrawal

If you withdraw your fixed deposit before the 7th day or later, the interest rate will be 1.00% lower than the interest rate set at the time of principal deposit. The applicable interest rate will be the rate that was set when you initially booked the deposit for the period it has been running. This rule applies to all types of deposits, including FD renewals.

FD Calculator

FD calculator is an online financial tool designed to assist investors in calculating the maturity value of a fixed deposit investment. It helps determine the interest earned and total amount to be received upon maturity. After using an FD calculator, investors can explore different investment options to choose the best-suited tenure and interest rate per calculations.

FAQ's

Is it possible for individuals without a Deutsche Bank account to apply for fixed deposits?

Yes, the Deutsche Bank offers the option of fixed deposits to non-account holders as well.

How do Deutsche Bank FD Interest Rates work?

Deutsche Bank FD interest rates work on the principle of providing customers with a fixed percentage of interest on the principal amount deposited in a fixed deposit account. The interest is calculated based on the rate and the duration for which the deposit is made.

Can I open a recurring deposit account at the bank?

Yes, Deutsche Bank offers an option to open fixed and recurring deposit accounts.

Deutsche Bank FD Interest Rates 2023*
Highest slab rate	7.75% (for above 2 years to 3 years)
For 1 year	7.00%
For 2 years	7.50%
For 3 years	7.75%
For 4 years	7.00%
For 5 years	7.25%
Tax-Saving FD	7.25%

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Deutsche Bank FD Interest Rates

Deutsche Bank FD Rates 2025

Bank FD Interest Rates

Bank FD Calculator

NRI-NRE FD Rates

Fixed Deposit Interest Rate for Amounts Less than 2 Crore

Deutsche Bank Tax Saver Deposit

NRE Fixed Deposit Interest Rates w.e.f 12 April 2023

Types of Deutsche Bank FD Schemes

Premature Withdrawal

FD Calculator

FAQ's

Is it possible for individuals without a Deutsche Bank account to apply for fixed deposits?

How do Deutsche Bank FD Interest Rates work?

Can I open a recurring deposit account at the bank?

FD Rates articles

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Tenure	Interest Rates (% p.a.)
1 year	7.00%
Above 1 year to 1.5 years	7.50%
Above 1.5 years to 2 years	7.50%
Above 2 years to 3 years	7.75%
Above 3 years to 4 years	7.00%
Above 4 years to less than 5 years	7.00%
5 years	7.25%

Type of FD Scheme	Description
Resident Fixed Deposit	Min. deposit amount: Rs 20,000 Tenure: 7 days to 5 years Overdraft up to 95% of deposit amount Nomination and online booking available Interest pay-out options: monthly, quarterly, or cumulative Monthly interest pay-out calculated quarterly at a discounted rate Cumulative interest paid at maturity
Senior Citizen Fixed Deposit	Eligibility: Indian residents aged 60+ Tenure: 7 days to 5 years Joint account requires first holder to be a senior citizen Overdraft facility up to 95% of deposit amount Nomination facility available
Tax Saver Fixed Deposit	Eligible for tax deduction up to Rs 1.5 lakh under Section 80C per financial year Deposit amount: Min: Rs. 20,000, then multiples of Rs 1,000 Max: Rs. 1.5 lakh Nomination facility available Loans not available against tax-saving fixed deposit
NRO Fixed Deposit	Jointly opened with Resident Indians Tenure: 7 days to 5 years Interest credited every 3 months or at maturity
NRE Fixed Deposit	Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) Principal and interest fully repatriable Tenure: 1 year to 5 years Automatic renewal on maturity if no instruction is given