Terms and Conditions
The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
Minimum fixed deposit amount is INR 20,000/-
Interest Rates are subject to change without prior notice
Annualised Percentage Yield is calculated till the end of the tenure
Resident Deposits (including NRO)
No interest is payable for all deposits withdrawn prematurely before 7 days
For premature withdrawal of fixed deposits on 7th day or thereafter, a penal rate of 1% would be charged, i.e., the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty
Non Resident Deposits (NRE)
No interest is payable for all deposits withdrawn prematurely before 1 year
For premature withdrawal of fixed deposits on 1 year or thereafter, a penal rate of 1% would be charged, i.e., the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty
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
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