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Deutsche Bank Fixed Deposit Rate
A Fixed Deposit (FD) accumulates a fixed amount of interest, which is payable after a fixed period of time. It carries simple interest payable monthly /quarterly/ half yearly or annually. An FD yields a higher rate of interest than a regular savings account.
Opening a Fixed Deposit account is advantageous on many levels:
The money deposited in an FD account accrues a higher rate of interest than a regular savings account.
It instils a habit of saving as you won’t be able to withdraw from an FD account as with a savings account.
You can tap in the power of higher interest rates on your money for longer tenure.
It is a safe from of investment and is free from market risks.
It gives a guaranteed return, as opposed to other, riskier kinds of investments.
Due to the above reasons, Fixed Deposits are one of the most popular investments in India as it offers reliable returns and is free from fluctuations and volatility. Under a fixed deposit account, money can be deposited for a time period that ranges from 7 days to 10 years. The drawback to an FD account is that the money deposited cannot be withdrawn before the maturity date, except upon payment of a penalty. The rates of interest paid for fixed deposits vary according to the principal amount, tenure and the issuing bank. Banks are free to set their own FD interest rate which in India can generally range from 3.5% - 8% depending on the tenure and amount amongst other factors.
One of the safest ways to invest idle money (money saved in a savings account) is to open an FD account and deposit the money. Booking an FD is a simple option, and also has the added advantage of a hassle-free documentation process. These days, it is also possible to book an FD online through the bank’s website, with just a couple of clicks. Once the deposit matures, the bank credits the principal amount along with the interest earned to the bank account specified on the application form at the time of account opening.
Apart from banks, NBFCs and corporates too offer fixed deposits.
About Deutsche Bank Fixed Deposit Rate
Deutsche Bank Deposit Rates
The rate of interest paid on a fixed deposit varies according to the amount deposited, period and the issuing bank. The general rule of thumb is, the longer the term of deposit, the higher the rate of interest. But a bank may also offer a lower rate of interest for a longer tenure if the rates are expected to fall in the future. Deutsche Bank Interest Rates typically range from 4%-8.25% per annum.
Deutsche Bank FD rates
Following is an overview of Deutsche Bank Term Deposit Rates and Deutsche Bank Short-Term Fixed Deposit Interest Rates.
Deutsche Bank Interest Rates on Fixed Deposits 2015 – 2016:
(Do keep in mind that these rates can change at any time and can be changed at the sole discretion of the Bank. For the latest rates, it is advisable to check with Deutsche Bank directly.)
Domestic / NRO Fixed Deposit Rates
| Tenure | Interest Rate < Rs. 1 crore |
|---|---|
| 7 Days | 4.00 |
| 8 - 14 Days | 5.30 |
| 15 - 29 Days | 5.75 |
| 30 Days | 5.75 |
| 31 - 45 Days | 5.75 |
| 46 - 59 Days | 5.75 |
| 60 - 89 Days | 5.75 |
| 90 - 99 Days | 6.00 |
| 100 Days | 6.00 |
| 101 - 180 Days | 6.00 |
| 181 - 270 Days | 6.00 |
| 271 Days - 1 Year | 6.25 |
| > 1 Year - 1.5 Years | 7.00 |
| > 1.5 Years - 2 Years | 7.00 |
| > 2 Years - 3 Years | 7.25 |
| > 3 Years - 4 Years | 7.25 |
| > 4 Years - < 5 Years | 7.25 |
| 5 Years | 8.00 |
New Interest Rates
| Tenure | Interest Rate < Rs. 1 crore |
|---|---|
| 181 - 270 Days | 6.00 |
| > 1 Year - 2 Years | 7.00 |
| 5 Years | 8.00 |
NRE Fixed Deposit Rates
| Tenure | Interest Rate per annum (%) |
|---|---|
| 1 Year | 6.25 |
| > 1 Year - 2 Years | 7.00 |
| > 2 Years - 3 Years | 7.25 |
| > 3 Years - 4 Years | 7.25 |
| > 4 Years - < 5 Years | 7.25 |
| 5 Years | 8.00 |
Deutsche Bank FD Interest Rates for Senior Citizens
Deutsche Bank offers special Senior Citizen FD Rates which is generally marginally higher than the rates as applicable on a regular FD. As of now, the Deutsche Bank Senior Citizen FD rate of interest is 0.50% higher for all maturity periods.
The bank offers special rates to senior citizens on selected tenures, and you could select from them and choose to receive interest monthly, quarterly or at maturity as per your requirement. All Resident Senior citizens of 60 years and above of can avail benefits of this scheme. You can choose from tenures ranging from 7 days to 5 years, where partial / premature withdrawal of Fixed Deposit is permitted. Following are the rates.
| Tenure | Interest Rate < Rs. 1 crore |
|---|---|
| 7 Days | 4.00 |
| 8 - 14 Days | 5.30 |
| 15 - 29 Days | 5.75 |
| 30 Days | 5.75 |
| 31 - 45 Days | 5.75 |
| 46 - 59 Days | 5.75 |
| 60 - 89 Days | 5.75 |
| 90 - 99 Days | 6.50 |
| 100 Days | 6.50 |
| 101 - 180 Days | 6.50 |
| 181 - 270 Days | 6.50 |
| 271 Days - 1 Year | 6.75 |
| > 1 Year - 1.5 Years | 7.00 |
| > 1.5 Years - 2 Years | 7.00 |
| > 2 Years - 3 Years | 7.25 |
| > 3 Years - 4 Years | 7.50 |
| > 4 Years - < 5 Years | 7.50 |
| 5 Years | 8.25 |
How to Calculate Deutsche Bank Fixed Deposit Interest
You can use online resources to help you identify how much interest you will earn on your principal amount. Using online FD calculators are easy and calculates the returns on your principal amount instantly. All you need to do is enter the amount to be deposited, number of years, and the rate of interest per annum – and the calculator will do the rest and present you with a breakup of the interest earned and the maturity amount. There are several online websites that allow you to instantly calculate the interest earned.
Using an online resource comes in handy while determining how much you want to invest and the amount you will earn in interest on the principal amount. It helps you identify the tenure you wish to go for.
You can also calculate the interest earned and the maturity value on the principal amount using the following formula.
Calculate Deutsche Bank FD Rate
A = P x (1 + r/n)nt
I = A - P
Where
A = Maturity Value
P = Principal Amount
r = Rate of Interest
t = Number of Years
n = Compounded Interest Frequency
I = Interest Earned
Deutsche Bank FD Premature Withdrawal Penalty
If you need funds urgently, the bank will allow you to withdraw the money from the deposit prematurely. The bank typically charges a nominal penalty which is communicated to you at the time of application of FD Deposit.
In times of crisis, you can also opt to avail an overdraft facility instead of breaking your deposit. The bank currently offers up to 95% against the Fixed Deposit at competitive rates.
Deutsche Bank Fixed Deposit Rate FAQ
1. What is the minimum period for a fixed deposit in Deutsche Bank?
The minimum period of Fixed Deposit is 7 Days.
2. What is the minimum amount required to open a fixed deposit with Deutsche?
The minimum amount you can invest is Rs. 20,000.
3. What is the maximum tenure?
The maximum tenure is 5 years.
4. Is it possible to book an FD online?
Yes, you can book your deposit online in 4 easy steps. If you are not a customer of Deutsche Bank, you can visit your nearest Deutsche bank branch.
Deutsche Bank Fixed Deposit Rate - Customer Reviews
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