Deutsche Bank

Deutsche Bank

Deutsche Bank is a German bank that offers banking and financial products and services to both private and business clients. It was founded in the year 1870 in Berlin and is head-quartered in Frankfurt, Germany. This bank has its presence felt worldwide. The list of offered products includes mortgage loans, credit cards, wealth management, asset management etc. The bank has employee strength of over 78,000 employees and has become the leading provider of financial solutions to the clients.

Types of Cards

Deutsche Bank offers a wide variety of Cards that cater to the requirements of its consumers. These cards satisfy all the needs of the consumers like travel or lifestyle at a very competitive rate of interest. The various types of offered cards are as follows:
 

  • Navigator Forex Card:
This card has a partnership with Axis Bank and can be filled with 15 different foreign currencies and also provides cashless convenience.
 
  • Signature Debit Card:
This card offers the card-holders the benefits of reward points that are redeemable at various petrol pumps and also offers benefit of fuel surcharge waiver.
 
  • Platinum Debit Card:
This card offers reward points on all the spend that are redeemable at various petrol pumps and discount on fuel. This card also provides free of cost concierge service.
 
  • Platinum Business Debit Card:
This card offers many benefits in the form of fuel surcharge waiver and free access to airport lounges.
 
  • Gold Credit Card:
This card offers express reward points that can be credited to the account of the card-holder. Again petrol surcharge waiver benefit can also be availed.
 
  • Classic Debit Card:
This card enables the card-holder to avail to the benefit of cashless shopping with several global merchant establishments.
 
  • Domestic NRO Gold Debit Card:
This card offers express reward points that can be credited to the account of the card-holder. Again petrol surcharge waiver benefit can also be availed.

Loans

Deutsche Bank offers a wide variety of loans that cater to all the different needs and requirements of the customers be it home, personal or educational. The different types of offered loans are as follows:
 

  • Unsecured Business Loan
  • Home Loan
  • Loan Against Property
  • Personal Loan
  • Business Instalment Loan
  • Small Business Overdraft
  • Overdraft Against Deposit

Home Loan

Whether you want to buy a new home or provide for its construction, the Deutsche Bank has the solution to address your financial requirement through its home loans. The rate of interest is competitive and the customers have an option of choosing between fixed and floating rates. These home loans are offered to salaried as well as self-employed customers and the loan tenure is also flexible.
 

Maximum Loan Amount Loan Tenures Minimum Eligible Age Maximum Age
Up to Rs 15 crores 5 years to 20 years 23 years 65 years

Saving Accounts

Interest is earned on the savings account and any foxed deposit account. The types of savings account include:
 

  • Value-plus Savings Account
  • Expat Savings Account
  •  Easy Savings Account
  • Regular Savings Account

All the above savings account schemes earn an interest rate of 4% p.a. which is payable half-yearly on the daily balances in the account.

Fixed Deposit Interest Rates

Deutsche Bank offers a wide range of retail products to the consumers including fixed deposits which earn a higher interest rate. The following are the different fixed deposit interest rates on deposit tenures are as follows:
 

  • Short-term Fixed Deposit Rates:
these rates are on deposits of less than 1 year tenure and it ranges from 4.00% to 6.75% p.a.
 
  • Medium and long-term fixed deposit rates:
The interest rate on medium and long term deposit ranges from 7.25% p.a. to 7.50% p.a.
 
  • Fixed Deposit rates for senior citizens:
The fixed deposit rate for senior citizens are greater by 0.50% the regular FD rates provided to non-senior applicants.

NRI Banking

The bank provides two types of specialized fixed deposit accounts for NRIs which are:
 

  • NRE Fixed Deposits:
It is a type of fixed deposit account that can be maintained in Indian Rupee and the balance in this account is fully repatriable along with the interest. The term ranges between 1 to 5 years and the deposits gets automatically renewed when matured.
 
  • NRO Fixed Deposits:
This fixed deposit account can also be maintained in the form of Indian Rupee and it is the best investment option for savings and incomes that take place abroad. The range of the tenure is between 7 days to 5 years and the interest acquired on the deposit gets automatically credited every three months or at the maturity time.

Internet Banking

Now banking has become easy with the facility of online banking which is also provided by Deutsche Bank. The various types of facilities available are:
 

  • Bank accounts can be seen
  • Fixed deposit accounts can be viewed
  • Loan accounts can be seen
  • Investments can be viewed
  • Holdings of Demat accounts can be seen
  • Funds can be transferred
  • Other bank’s credit card bills can be paid
  • Cheques can be managed
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