Fixed Deposit

Fixed Deposit

Why let your money lie idle in your savings account? Put it to work in a fixed deposit instead. A db FixedDeposit will earn a higher rate^ of interest than a savings account and that too with total security of your funds.

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Benefits

A range of ways to earn more interest

Deutsche Bank offers a range of fixed deposits to cater to different needs. Choose from:

  • db FixedDeposit
  • db Recurring Deposit

So no matter what your requirements may be, you will always find a Deutsche Bank Fixed Deposit that meets them.


db FixedDeposit

So flexible, you can decide your own terms

With a db FixedDeposit, you have the freedom to choose the amount and the tenure that suits you the best.

  • The minimum amount you can invest is Rs 20,000
  • The maximum tenure of your fixed deposit is 5 years

db Recurring Deposit

Earn higher interest, month after month

A db Recurring Deposit is a simple way to save money every month and earn higher interest than you get with a savings account. If you maintain a savings account with us, a specified amount can be automatically transferred from it every month to your db Recurring Deposit. At the end of the tenure, you will have saved a considerable sum of money.

  • The minimum tenure is 12 months
  • The maximum tenure is 60 months
  • The minimum amount is Rs 5,000
  • The maximum amount is unlimited

Apply Now

# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.

db Tax Saver FixedDeposit

Deutsche Bank brings you the perfect tool to earn high returns and save taxes as well. Invest in the db Tax Saver Fixed Deposit and get returns of 9.70% annualized yield (at 8% per annum). What's more you can save tax through tax exemption under section 80C of Income Tax Act, 1961*.
 
Features of db Tax Saver Fixed Deposit:

  • Interest Rate : 8% simple interest per annum. 9.70% annualized yield# for cumulative option.
  • Eligibility: Individuals, either singly or jointly with other individuals including minors represented by guardians and HUF assessee are eligible to open tax saving fixed deposit account. Joint holder** type of deposits may be issued jointly to two adults or jointly to an adult and a minor, and payable to either of the holders or to the survivor.
  • Tenure: Fixed at 5 years (No premature closure allowed).
  • Amount: The minimum amount is Rs. 20,000 and the maximum amount is Rs. 1 lakh in a financial year. The deposit is accepted in multiples of Rs. 1,000 only.
  • Nomination: Nomination facility is available to the depositor under the scheme as per the rules applicable from time to time. No nomination shall be made in respect of a fixed deposit applied for and held by or on behalf of a minor.
  • Loans against deposits: No loans shall be granted against the tax saving fixed deposit and deposit shall not be accepted as collateral security for any other facilities also.
  • Tax deduction at source: Tax shall be deducted at source on the amount of interest paid / credited in the account as per the guidelines issued under the Income Tax Act from time to time.

Click here for interest rates on Fixed Deposit for other tenures.
 
Interest Rates are subject to change without prior notice.
 
# Annualised Yield calculated as follows: 8% simple interest per annum with interest cumulated quarterly for a tenure of 5 years.
* Under section 80 C of IT act 1961.
** In the case of joint deposits, the deduction from income under section 80C shall be available only to the first holder of the deposit.

Book FD Online

Now you can open your fixed deposit account at your convenience through online banking. 
 
You can give the following instructions through online banking:

  • Create a regular fixed deposit for resident / non-resident ordinary (NRO) accounts
  • Create a regular fixed deposit for non-resident external (NRE) accounts

Book your FD online in 2 minutes and 4 simple steps:

  • Log on to db OnlineBanking.
  • Choose 'Book FD' option.
  • Specify Amount, Tenure and Interest Payout Frequency.
  • Enter Your Transaction Password and Confirm. 

Your FD will be displayed in your account from the next working day and the Fixed Deposit Advice will be sent to your mailing address.

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