db CurrentAccount Trade
Zero-balance current account for cross border transactions.
Deutsche Bank AG, India now brings you db CurrentAccount Trade - a one-stop account that will take care of all your trading requirements across 74 countries.
Overview
Variants of db CurrentAccount Trade:
| Account Type | Quarterly Volume* |
|---|---|
|
db CurrentAccount Trade Gold |
INR 7.5 Million |
|
db CurrentAccount Trade Silver |
INR 2.5 Million |
* Transactions eligible for calculation of Quarterly volume are:
• Inward bills for collection & Outward bills for collection (Cross border & Domestic)
• Inward & Outward Remittance
Apply Now
- Apply Online Now
- Call 1860 266 6601#
# Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at 6601 6601. Call charges apply.
Benefits
- Extensive db network spread across 74 countries
- Swift processing of documents and speedy remittances
- No minimum-balance maintenance requirement
- Adjustment of excess volume allowed in subsequent quarters
- Trade advisory services to help you evaluate opportunities and risks including hedges
- Competitive charges on Trade transactions with the value-added benefits of a Current Account
- Dedicated Relationship Manager
- Host of Trade Services and Forex benefits on offer
db CurrentAccount Trade comes with a host of trade services customized to your banking needs. For the list of the trade services, click here.
Value-added services
- Free of charge monthly limits on outstation cheque collections
- Free of charge monthly limits on DD and Pay-order issuance
- Free of charge NEFT and RTGS facilities
- Doorstep Banking - receive or deposit cash and cheques at your office or home
- db OnlineBanking access to view your account information anytime, anywhere
- 24/7 Phone Banking support for any query
Schedule of charges
w.e.f April 01, 2009
| db CurrentAccount Trade Silver (CA022) | db CurrentAccount Trade Gold (CA023) | |||
|---|---|---|---|---|
| EXIM Facilities | Charge | Minimum |
Charge
|
Minimum
|
| EXPORTS | ||||
|
Export Bills for collection |
0.05% |
1000 |
0.04% |
750 |
|
Export LC Advising* |
1200 |
900 |
||
|
Advising LC Amendments |
1200 |
900 |
||
|
LC Transfer |
2500 |
2000 |
||
|
LC Confirmation |
Based on Country / Bank Risk |
Based on Country / Bank Risk |
||
|
Issuance of GR Waiver |
2000 |
1500 |
||
|
Remittance of Agency commission |
0.15% |
1400 |
0.10% |
1000 |
|
Overdue Commission on Export Bills |
500 p.q.; 200 p.m. thereafter |
300 p.q; 150 p.m. thereafter |
||
| IMPORTS | ||||
|
Import Bills for collection |
0.125% |
1000 |
0.10% |
750 |
|
Direct Import Bills |
0.10% |
1000 |
0.07% |
750 |
|
Import Bills under LC |
0.125% |
1200 |
0.10% |
1000 |
|
LC Issuance |
0.15% p.q. |
2500 |
0.10% p.q. |
2200 |
|
LC Handling Fee |
1500 |
1200 |
||
|
LC Amendment (For value / Tenor) |
0.15% p.q. on enhanced value / tenor |
1500 |
0.10% p.q. on enhanced value / tenor |
1000 |
|
LC Amendment - Others |
1500 |
1000 |
||
|
Issuance of Delivery Order |
1500 |
1000 |
||
|
Overdue Commission on Import Bills |
500 p.q.; 200 p.m. thereafter |
300 p.q; 150 p.m. thereafter |
||
| INLAND | ||||
|
Document Handling |
0.20% |
1800 |
0.15% |
1200 |
|
LC advising |
1500 |
1200 |
||
|
LC Issuance |
0.15% p.q. |
2500 |
0.10% p.q. |
2200 |
|
LC Handling Fee |
1500 |
1200 |
||
|
LC Confirmation |
Based on Bank Risk |
Based on Bank Risk |
||
| GUARANTEES | ||||
|
Guarantee Issuance |
1.25% p.a. |
5000 |
1.0% p.a. |
5000 |
|
Handling Charge |
2000 |
1500 |
||
|
BG Amendment (For value / Tenor) |
1.25% p.a. on enhanced value / tenor |
1500 |
1.0% p.a. on enhanced value / tenor |
1000 |
|
BG Amendment - Others |
1500 |
1000 |
||
|
Claim Settlement |
0.15% |
1200 |
0.10% |
1000 |
|
Claim Settlement - Handling Charge |
500 |
300 |
||
| OTHERS | ||||
|
Penalty charges for Non maintenance of QTP |
QTP INR 1.5 mn to 2.5 mn : 3000 p.q. |
QTP INR 5 mn to 7.5 mn : 4000 p.q. |
||
|
Non Trade outward remittance |
600 |
450 |
||
|
SWIFT Charges |
600 |
450 |
||
|
Courier |
600 |
300 |
||
|
Postage |
300 |
150 |
||
|
FIRC Issuance |
100 |
Free |
||
|
BRC Issuance |
Free |
Free |
||
|
Commission in lieu of exchange |
0.15% |
Min. Rs.800; Max. Rs. 2000 |
0.10% |
Min. Rs.600; Max. Rs. 1500 |
|
SWIFT LC |
1500 |
1000 |
||
|
LC - Courier |
1200 |
1000 |
||
|
Fees for Applications to RBI |
800 |
500 |
||
|
Forex conversion charge |
100 |
100 |
||
| CHEQUE BOOK, CONSOLIDATED STATEMENT | ||||
|
Payable at Par Cheque Book issuance & utilization |
Free |
Free |
||
|
Duplicate Statement |
Rs.75 per cycle |
Rs.75 per cycle |
||
| CHEQUE RETURN AND STOP PAYMENT | ||||
|
Cheque Issued and Returned - Financial Reasons (per instrument) |
Rs. 350 |
Rs. 350 |
||
|
Cheque issued and returned - Technical Reasons (per instrument) |
Free |
Free |
||
|
Cheque Deposited and Returned |
Rs. 100 per cheque |
Rs. 100 per cheque |
||
|
Stop Payment - Single Cheque |
Rs.100 (Rs. 50 if request received through internet banking or phone banking) |
Rs.100 (Rs. 50 if request received through internet banking or phone banking) |
||
|
Stop Payment - Range of Cheques |
Rs.200 (Rs. 100 if request received through internet banking or phone banking) |
Rs.200 (Rs. 100 if request received through internet banking or phone banking) |
||
| db INTERNATIONAL ATM CUM DEBIT CARD | ||||
|
db International Gold Debit Card - Annual Fees |
Rs.500 per annum |
Free |
||
|
Replacement of Damaged db International Debit Card |
Free |
Free |
||
|
Replacement of Lost / Stolen db International Debit Card (Gold / Classic) per annum |
Free |
Free |
||
|
Regeneration of Duplicate PIN |
Free |
Free |
||
|
ATM Withdrawal Limit Per Day |
Rs. 75,000 |
Rs. 1 lac |
||
|
Cash Withdrawal & Balance Enquiry(Domestic) |
Free |
Free |
||
|
International Cash Withdrawal*** |
Free Transaction on Global ATM Alliance Network** ATMs.; Other ATMs Rs.115per Transaction. |
Free Transaction on Global ATM Alliance Network** ATMs.; Other ATMs Rs.115per Transaction. |
||
|
International Balance Enquiry (per transaction) |
Rs. 50 |
Rs. 50 |
||
| DEMAND DRAFT, PAY ORDER AND CHEQUE COLLECTION | ||||
|
Demand Drafts on Deutsche Bank Locations |
Free of charge upto Rs. 25 Lacs pm; Above the Free Limit Rs.2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
Free of charge upto Rs. 55 Lacs pm; Above the Free Limit Rs.2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
||
|
Demand Drafts on Non - Deutsche Bank Locations |
Free of charge upto Rs. 25 Lacs pm; Above the Free Limit Rs.2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
Free of charge upto Rs. 55 Lacs pm; Above the Free Limit Rs. 2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
||
|
Pay Order |
Free of charge upto Rs. 15 Lacs pm; Above the Free Limit Rs. 2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
Free of charge upto Rs. 25 Lacs Free pm; Above the Free Limit Rs. 2.50 per Rs.1,000; (Min Rs.150 - Max Rs.5,000) |
||
|
Foreign Currency Demand Draft (per instrument) |
Rs. 200 |
Rs. 200 |
||
|
Demand Draft / Pay Order Cancellation / Revalidation / Duplicate (per instrument) |
Rs.125 |
Rs.125 |
||
|
Outstation Cheque Collection at Deutsche Bank Branch Locations |
Free of charge upto Rs. 25 Lacs pm; Above the free limit Rs 150 per instrument |
Free of charge upto Rs. 75 Lacs pm; Above the free limit Rs 150 per instrument |
||
|
Outstation Cheque Collection at Non - Deutsche Bank Branch Locations |
Up to Rs. 10,000 – Rs. 50 per instrument; |
Up to Rs. 10,000 – Rs. 50 per instrument; |
||
| RBI NEFT | ||||
|
RTGS |
Rs. 1 to 5 lacs – Rs. 25 per transaction; Rs. 5 lacs and above – Rs. 50 per transaction |
Free of charge |
||
|
Foreign Currency Cheque Collection |
0.50% (Min Rs.150 and Max Rs.2,500) |
0.50% (Min Rs.150 and Max Rs.2,500) |
||
|
Outward Remittance ( Non - Trade ) per transaction |
Rs. 600 |
Rs. 600 |
||
| DOOR STEP BANKING | ||||
|
Cash/Cheque Pickup/Cash Delivery |
Rs. 150 per visit |
Rs. 150 per visit |
||
| ANY BRANCH BANKING | ||||
|
Cash Deposit / Withdrawal (Non - Domicile branch) |
Free of charge upto Rs.1 Lac per day; Above the free limit Rs.2.25 per Rs.1000. |
Free of charge upto Rs.1.50 Lac per day; Above the free limit Rs.2.25 per Rs.1000. |
||
| OTHER ACCOUNT RELATED | ||||
|
Standing Instruction Set-up (per instruction) |
Rs. 75 |
Rs. 75 |
||
|
Standing Instruction Failure (per instrument) |
Rs. 350 |
Rs. 350 |
||
|
Account Closure (Within 6 months of Account Opening) |
Rs. 1000 |
Rs. 1000 |
||
|
Dormant Account Charges - (Accounts not operative for more than 2 years) |
Rs. 100 p.m. |
Rs. 100 p.m. |
||
|
ECS debit instructions issued by customer and returned unpaid (per instrument) |
Rs. 350 |
Rs. 350 |
||
| BALANCE CERTIFICATE, INTEREST CERTIFICATE AND BANKERS REPORT | ||||
|
Certificate Issuance / Retrieval of old document |
Rs. 100 |
Rs. 100 |
Remittances should be sent to SWIFT Id DEUTINBBPBC
*Inward LCs should be transmitted at the SWIFT Id DEUTINBB
Service Tax and Educational Cess as applicable will be levied
These Service Charges are subject to change as per Bank's policies
** Global ATM Alliance includes Deutsche Bank ATM worldwide, Bank of America in USA, Scotia Bank in Canada, Chile, Mexico and Caribbean Islands, BNP Paribas in France, Barclays Bank in UK and Africa, Westpac in Australia, New Zealand and South Pacific
*** A currency conversion mark-up of 3.5% will be applicable on all international transactions - ATM & Point of Sale
Petrol Surcharge waiver is applicable only on Deutsche Bank Gold Debit cards
The maximum petrol surcharge waiver per Deutsche Bank Gold Debit card in a calendar month will be restricted to Rs. 250/-
In case customer has crossed the threshold of Rs. 250/- in a calendar month, his/her account will be debited for the differential amount in the same month or in the subsequent month at the discretion of the bank. In case sufficient balance is not available in the A/c to absorb the debit, in addition to exercise of other rights of the bank, a lien will be marked in the customer's A/c and the debit will be posted as and when balance is available.
Demand Draft / Pay Order charges to be applicable only on the incremental amounts
Service Tax and Educational Cess as applicable will be levied
These Service Charges are subject to change as per Bank's policies
Disclaimer: The facilities/products referred in this communication are subject to the general business conditions of Deutsche Bank AG, India (“Bank”), other terms and conditions applicable to these facilities/products and relevant statutory regulations. The final decision to offer these facilities/products shall be at the sole discretion of the Bank. The Bank may request any additional documents/information from the applicants to determine the applicant's eligibility for any facility/product and to take appropriate credit exposure decision. The Bank makes no representation or warranty, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness, viability for any particular purpose or completeness of the information herein and is not responsible for any errors or omissions in or for results obtained from the use of such information. The above information is only a summary of the product features and it may not contain all material information.
