NRI Fixed Deposit

NRI Fixed Deposit

Why let your money lie idle in your savings account? Put it to work in a db NR Fixed Deposit instead!

Indian Rupee Fixed Deposits

Enjoy attractive returns with maximum liquidity. There are two types of Indian Rupee Fixed Deposits:

db NRE Fixed Deposits
  • Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
  • Principal along with interest are completely repatriable
  • Interest income on balances of the db NRE Fixed Deposit is exempt from income tax
  • Tenor ranges from 1 to 3 years
  • The deposit is automatically renewed on maturity in the absence of any other instruction

Click here for NRE Rupee Fixed Deposit Rates

db NRO Fixed Deposits
  • Can be opened jointly with Resident Indians. Your family in India can be joint account holders.
  • An ideal investment option for savings and income arising out of India.
  • Tenor ranges from 7 days to 5 years.
  • Interest on the deposit is credited every three months

Click here for NRO Fixed Deposit Rates

Foreign Currency Fixed Deposits

Invest in a wide range of currencies in India. Choose from USD, GBP, EURO, AUD and CAD

  • Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
  • Principal along with interest are completely repatriable
  • Interest income on balances of the db FCNR Deposit is exempt from income tax
  • Tenor ranges from 1 to 5 years

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.

Documentation

Documents NRI* PIO*
Photocopy of the relevant pages of applicants’ current passport where his/ her name, address, date of birth, date & place of issue, expiry date, photograph, signature & stamp regarding stay outside India appear.  ✓  ✓
Photocopy of valid work permit / employment visa. If the visa has expired, the applicant may submit duly acknowledged petitions made to the visa authorities for renewal of visa.  ✓  ✓
A copy of at least one of the following for overseas proof (for all  applicants):
  1. Latest Telephone bill (Less than 3 months old)
  2. Latest Electricity bill (Less than 3 months old)
  3. Latest Bank statement with recent transactions (Less than 3 months old)
  4. Registered Rent agreement (provided valid rent receipt is also provided)
  5. Copy of passport (Only if the above options are not available in the name of the customer)
 ✓  ✓
A copy of at least one of the following for local address proof (for all applicants):
  1. Latest Telephone bill (Less than 3 months old)
  2. Latest Electricity bill (Less than 3 months old)
  3. Latest Bank statement with recent transactions (Less than 3 months old)
  4. Registered Rent agreement (provided valid rent receipt is also provided)
  5. Copy of passport (Only if the above options are not available in the name of the customer)
  6. Copy of Ration Card  (Only if the above options are not available in the name of the customer) 
 ✓  ✓
Overseas / Indian Bank Statement Copy of PIO card or Copy of past Indian passport of self / parent / grand-parent along with a self -declaration about Indian origin    ✓

* In case you are sending the Customer Information Form and Account Opening Forms directly to any Deutsche Bank AG, India branches in India by post / courier then photocopies of the documents & your signatures on the form(s) should be attested by one of the following: Banker / Indian Embassy / Notary (or equivalent of notary as per applicable law in the country of residence).

Please carry your original documents for verification by bank officials, if you are visiting a Deutsche Bank AG, India branch to open an account.

Conditions apply. Facility available to residents of select countries only.