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.
Click here for format of declaration.