Tax will be deducted at source on the interest amount paid or credited to the account, in accordance with the guidelines issued under the Income Tax Act from time to time.
Invest in Deutsche Bank's Tax Saver Fixed Deposit and earn a competitive interest rate of 6.25% p.a. for 5 years. Additionally, enjoy tax saving benefits through exemptions under Section 80C of the Income Tax Act, 1961. Secure your financial future with a fixed, safe and high-return investment.
Features and Benefits of Tax Saver Fixed Deposit
- Avail tax exemption on deposits up to ₹1.5 lakh under Section 80C of the Income Tax Act, 1961
- Invest with a 5-year lock-in period to ensure long-term financial security
- Earn up to 7.27% per annum on your deposit with compounded returns
- Open a joint deposit* with a family member, where tax benefits apply to the first account holder
- Experience a simple, secure and fast online account opening process through db OnlineBanking
- Avail convenient nomination options for easy account management
Eligibility criteria for Tax Saver FD
- Resident individuals above 18 years of age
- Joint account holders for two adults or a minor with a guardian, with tax benefits applicable only to the first account holder
- Hindu Undivided Families (HUFs) are eligible to open a Tax Saver Fixed Deposit account
Documents required for Tax Saver FD
- For KYC documentation, you can choose from a PAN Card, Aadhaar Card, Passport or Voter ID
- As address proof, you can submit a utility bill, Aadhaar Card or Voter ID
- Latest passport-size photographs
Tax Saver Fixed Deposit Interest Rates
Tenure |
Normal interest rate (% p.a.) <Rs. 3 crore |
Senior citizen interest rate (% p.a.) <Rs. 3 crore |
---|---|---|
Interest Rate |
Interest Rate for Senior Citizens# |
|
5 Yrs | 6.25 |
6.25 |
#Applicable only for Retail Deposits – Resident Indian Senior Citizens, i.e., Resident Individuals of age 60 years and above and excludes Non-Resident Individuals, Individuals in their capacity as a Karta in HUFs and all non-individuals. In the case of joint accounts, the first holder must be a senior citizen to avail of these rates.
Important information
In the case of deposits where interest is paid out at maturity (cumulative interest-bearing deposits), interest is calculated and compounded every quarter, based on the account opening date. The interest amount so calculated is added to the principal amount in your term deposit account at the end of each calendar quarter.
*In the case of joint deposits, the deduction from income under section 80C shall be available only to the first holder of the deposit.
Terms and Conditions apply – Fixed Deposit:
- Minimum fixed deposit amount is ₹20,000
- Interest Rates are subject to change without prior notice
- The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
- Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to ₹1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961
Invest in Fixed Deposit

Earn 7.00%* p.a.
on >1-year to 2-year Fixed Deposits
*Terms and conditions apply
Frequently asked questions (FAQs) for Tax Saver Fixed Deposit
Is Tax Deducted at Source (TDS) applicable to Tax Saver Fixed Deposits?
Who is eligible to invest in Tax Saver Fixed Deposits?
How can I open a Tax Saver Fixed Deposit with Deutsche Bank?
Can I get a loan against my Tax Saver Fixed Deposit with Deutsche Bank?
What nomination options are available for Tax Saver Fixed Deposits?
Can I withdraw my funds before the 5-year tenure?
I am an NRI. Can I open a Tax Saver Fixed Deposit?
More Fixed Deposit options
Apply Now for Tax Saver Fixed Deposit
Apply Now
SMS FD to 561615
Call 18602666601#
#Customers outside India need to dial +91 22 6601 6601.
Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.
— ^This is applicable only for certain tenures. Please refer to the Interest Rates for more details.
— *Conditions apply - Fixed Deposit:
— No interest is payable for all deposits withdrawn prematurely before 7 days
— Premature withdrawal: In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
— Minimum fixed deposit amount is Rs. 20,000
— Interest Rates are subject to change without prior notice
— The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
— Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to Rs. 1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961