NRI Bank Account

NRI Bank Account

Deutsche Bank AG, India offers an exquisite range of products for Non-resident Indians*. We understand your unique needs and help you meet all your financial requirements in India with utmost convenience.

NRI Bank Accounts

Advantage NRI Banking

Enjoy the dual benefits of the premium Advantage Savings Account and Investment Advice** provided through our dedicated team of analysts and relationship managers.

Value-Plus NRI Savings Account

Get world-class banking services and features which make banking convenient for the global Indian.

Private Banking

Get well-informed and balanced advice for financial planning as well as exclusive privileges on your lifestyle needs.

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Important Links

Online Money Transfer

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 2 months old)
  2. Latest Electricity bill (Less than 2 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. National ID Card, Resident Permit and Social Security Card
 ✓  ✓
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) 
  7. Aadhaar Card (Including eAadhaar) or letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number
  8. Driving License
  9. Voter’s Identity Card issued by Election Commission of India
 ✓  ✓
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.

Double Taxation Avoidance Agreement

Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions.

With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.

You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.

  • Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency’ of the payee.
  • Duly filled declaration advising the tax residency of the account holder.
  • PAN Card copy for all applicants.
  • Self attested copy of passport & visa.

Click here for format of declaration.

Please note:

  • The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
  • To avail of the facility for one complete financial year, you will have to provide the documents by March 15 of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
  • If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
  • If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
  • Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.

Apply Now

Important Links

Online Money Transfer

Deutsche Bank AG, Mumbai Branch (“Bank”) of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of  One Lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.

* Products & Services available to residents of select countries only. Please refer to the terms and conditions applicable to specific products and services for further details.

** Deutsche Bank AG, India (“Deutsche Bank”) is only a distributor of third party investment/insurance products and not an advisor in offering the db Financial Planning or Investment Advisory services and any information contained in Deutsche Bank’s brochure or other material and otherwise communicated by Deutsche Bank shall not be construed as investment or insurance advice. All decisions to purchase or sell units / securities / insurance policy shall be on the basis of the personal judgement of the customer arrived at after due consideration and, if so deemed fit by the customer consulting his/her/their own external investment/insurance consultant.