NRI Advantage Banking

NRI Advantage Banking

NRI Advantage Banking

Keeping in mind your unique requirements, we offer you a savings account power packed with benefits to help you manage banking transactions with ease and convenience.

- Plan for your financial future with Investment Services
- Enjoy exclusive offers that complement your lifestyle
- International Platinum Debit Card on NRE Account and Domestic NRO Gold Debit Card on NRO Account

Apply Now | Book an NRI Fixed Deposit Online | NRE & NRO Savings Account Comparison

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Advantage NRE Savings Account

With the Advantage NRE Savings Account^ you have the freedom to maintain either a minimum Average Quarterly Balance (AQB^) or a minimum Assets under Management (AUM^^) in your account to enjoy the various privileges of an
Advantage Savings Account.

The account offers a powerful dual advantage to freely access your funds in Indian Rupees while you are in India or convert the same funds into foreign currency and repatriate it abroad any time you wish.

Dedicated Relationship Manager

Your dedicated Relationship Manager will be your one point contact for all your needs related to banking services and financial solutions. Backed by a world class research team and unique product selection process basis client suitability they help you realize your financial goals.

Complimentary International Platinum Debit Card on NRE Account

Your Advantage NRE Savings Account comes with a complimentary International Platinum Debit Card.


Features of Platinum Debit Card:

  • Flexible withdrawal and point-of-sale limits from Rs. 25,000 to Rs. 1,50,000.
  • Earn 1 express rewards* for every Rs. 100 you spent on your Deutsche Bank Platinum Debit Card.
  • 2.5% petrol surcharge waiver** at all petrol pumps across India.
  • Free acceptance at ATMs in India & with leading International banks through Global ATM alliance network.
  • Total Protection with complete privacy and zero liability across a variety of transactions including:
    • Personal accident cover - Air accident insurance cover of Rs 20 Lakhs in the event of an unfortunate air accident
      leading to death.
    • Lost Card Insurance Cover - Up to Rs. 5 lakhs per card for any losses occurring 30 days prior to reporting and 7 days
      after reporting loss of card.
    • Purchase protection up to Rs. 1 lakh and up to 90 days from date of purchase.

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Payable at Par Cheque Books, Demand Drafts and Pay Orders

You can make easy outstation payments with our complimentary personalised payable at-par cheque books, with no restrictions on usage or any limit on the amount

What’s more you enjoy free of charge demand drafts and pay orders (dollar payable) at all Deutsche Bank locations across India.

Complimentary consolidated quarterly statement

Avoid the complications of collating account statements from multiple accounts. We offer consolidated quarterly statements with payee details of all your Deutsche Bank accounts for your convenience.

Complimentary doorstep delivery of Travellers Cheque / Cash

Get free delivery of travellers cheque or cash at your doorstep when you are in India - just call us with your requirement.

Mandate facility for your loved ones in India

Designate your parent, friend or relative in India as your mandatee, to transact in your account with Deutsche Bank.

Tax Benefit

There is no tax liability in India on the interest earned on balances standing to the credit of your NRE Savings Account.


* Terms and Conditions apply.

** The maximum petrol surcharge waiver per Deutsche Bank Platinum Debit Cards in a calendar month will be restricted to Rs. 250.

^ A minimum Average Quarterly Balance (AQB) of Rs. 2,00,000 in your account.

^^ AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 7.50 lakh is required to be kept during a quarter.

Advantage NRO Savings Account

With Advantage NRO Savings Account^ you have the freedom to maintain either a minimum Average Quarterly Balance (AQB*) of Rs. 2,00,000 or a minimum Assets Under Management (AUM**) Rs. 7,50,000 in your account to enjoy the various privileges of a Advantage Savings Account.

Dedicated Relationship Manager

Your Relationship Manager will be your one point contact with the Bank and is backed by a team of experts in the fields of investment services, insurance and foreign exchange services.

Complimentary Domestic NRO Gold Debit Card on NRO Account

Avail complimentary Domestic NRO Gold Debit Card with the following features:


  • Flexible withdrawal and point-of-sale limits from Rs. 25,000 to Rs. 1,50,000
  • Express Rewards on all transactions done for shopping, dining and other purchases.
  • 2.5% petrol surcharge waiver^^ at all petrol pumps across India.
  • Free acceptance at ATMs in India & with leading International banks through Global ATM alliance network.
  • Total Protection with complete privacy and zero liability across a variety of transactions including:
    • Personal accident cover - Air accident insurance cover in the event of an unfortunate air accident leading to death.
    • Lost Card Insurance Cover - Up to Rs. 2.5 lakhs per card for any losses occurring 30 days prior to reporting and
      7 days after reporting loss of card.

Know more


Payable at Par Cheque Books, Demand Drafts and Pay Orders

You can make easy outstation payments with our complimentary personalised payable at-par cheque books, with no restrictions on usage or any limit on the amount

What’s more you enjoy free of charge demand drafts and pay orders (dollar payable) at all Deutsche Bank locations across India.

Complimentary consolidated quarterly statement

Avoid the complications of collating account statements from multiple accounts. We offer consolidated quarterly statements with payee details of all your Deutsche Bank accounts for your convenience.

Complimentary doorstep delivery of Travellers Cheque / Cash

Get free delivery of travellers cheque or cash at your doorstep when you are in India - just call us with your requirement.

Mandate facility for your loved ones in India

Open the account jointly with your family member or designate your parent, friend or relative in India as your mandatee, to transact in your account with Deutsche Bank.

Repatriation-#

Interest earned on funds held in the NRO Savings Account is fully repatriable after paying tax at prevailing rates.


^ Terms and Conditions apply.

^^ The maximum petrol surcharge waiver per Domestic Gold Debit Cards in a calendar month will be restricted to Rs. 150.

* A minimum Average Quarterly Balance (AQB) of Rs. 2,00,000 in your account.

** AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 7.50 lakh is required to be kept during a quarter.

# Terms and conditions apply. Subject to prevailing laws and regulations.

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.

Investment Services

At Deutsche Bank, our Investment Services* involve a structured process in gauging and understanding your short and long-term financial goals. Based on your financial situation and requirements, we make investment products available to you which will help you achieve these goals.

Risk profiling is the very first step and an integral part of the investment process. Asset allocation model begins with identifying your overall risk profile, then mapping it to the appropriate asset allocation.

Asset allocation and portfolio rebalancing by you play important roles in achieving and maintaining diversified and disciplined investment portfolios. These relatively straightforward investment strategies can provide you with a number of potential benefits like:

  • Diversified investment risk: The growth opportunity is not limited to the performance of one security, but is open to the opportunities presented by a collection of securities.
  • Diminished portfolio volatility: The performance of one or the other asset class can help offset the impact of poorly performing asset class/es, thereby reducing the volatility.
  • Greater investment discipline: It is nearly impossible to time the performance cycles of different investment categories. Establishing an asset allocation strategy and rebalancing regularly to preserve that strategy can introduce more discipline into an investment plan thereby increasing chances of achieving long-term investment objectives.

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* This service is not available to citizens/ residents of USA, Canada and any other country/ jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products/ services.

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.