Commencing operations in 1980, Deutsche Bank inaugurated its debut Indian branch. Presently, it has branches across 16 cities. In 2022, the bank initiated activities at the IFSC Banking Unit in GIFT City, Gujarat, aiming to provide an international base for Indian enterprises. It provides a variety of products and services to its customers.
Different Types of Products and Services Provided by Deutsche Bank
Deutsche Bank provides the following products and services:
- Deutsche Bank Deposits
- Deutsche Bank Loans
- Deutsche Bank Cards
- Investment Options
- Insurance
- DCB Bank Banking Services
Deutsche Bank Deposit Accounts
Deutsche Bank provides various deposit accounts to facilitate efficient finance management. It caters to individuals, corporates, as well as businessmen. The deposit variants are:
Savings Account
The bank provides a wide range of savings account plans to suit individual customer needs. The different types of savings accounts are:
Type of Account | Primary Features |
Regular Savings Account | Minimum balance: Rs. 15000Free payable at par cheque booksATM withdrawal and POS limit: Rs. 25000 per dayFree quarterly statements and free monthly e-statementsFree International Gold Debit Card |
Easy Savings Account | Minimum balance: Not stipulatedTwo 25 leaves cheque book free in a yearFree quarterly statementsFree monthly e-statementsATM cash withdrawal and POS limit Rs. 25000 per dayFree International Gold Debit Card |
Advantage Savings Account | Free Platinum Debit CardATM cash withdrawal and POS limit from Rs. 25000 to Rs. 1.50 lacsGroup accounts with 4 family members allowedDifferent investment services are available |
Expat Savings Account | For expatriate individuals. Takes care of the needs of expatriate individuals abroadA dedicated service managerFree International Platinum Debit Card Unlimited Free transactions at all ATMs in IndiaComprehensive Insurance and lost card cover up to Rs. 5.00 lacs and purchase cover up to Rs. 1.00 lacDiscount on locker rentFree DDs and at par cheque books |
Payroll Salary Account | Zero balance accountSpecial offers for expatriate employeesFree monthly e-statementsDedicated service manageCheque drop facility at office premises |
Value Plus Savings Account | Instant Account opening kitFlexibility to maintain AQB of Rs. 1 lac in savings account or AUM of Rs. 1.50 lacCan open group accounts with family Free International Gold Debit CardPayable at-par cheque books Deutsche Bank Net Banking facilityFree SMS alertsFree monthly e-statements |
Eve Account | For womenDiscount on locker rentFree International Debit CardMinimum balance waived for minorsFree payable at par cheque book and DDs |
Professional Savings Account | For professionals like Doctors, Engineers, Lawyers, Architects etcZero-balance accountDoorstep banking facilityDiscount on locker rentFree NEFT/RTGS transactionsFree International Platinum Debit Card |
Savings Account Infinity | Complimentary airport lounge accessFree Visa Signature Debit Card |
Savings Account Select | Dedicated Relationship ManagerFree Visa Signature Debit CardOne Free ATM Cash withdrawal in a month globallyFree air accident insurance cover of Rs. 50.00 lacs |
Student Savings Account | Exclusively for studentsMinimum QAB: Rs. 5000012 free ATM transactions in a monthFree Platinum Debit Card |
Current Account
The various types of Current Accounts provided for different business requirements are:
Type of Account | Primary Features |
Current Account Silver Plus | Minimum QAB: Rs. 1.00 lacFree at par cheque bookFree DDs up to Rs. 3.00 crores p.a.Free Pay Orders up to Rs. 1.8 crores p.a.Free NEFT/RTGS transactionsFree Deutsche Bank Net Banking |
Current Account Dual Gain | Grouping of Current Account and Savings account permittedQAB: Rs. 1.00 lac (aggregate in group accounts)Free at par cheque bookFree DDs and Pay orders up to Rs. 4.2 crores p.a.Free NEFT/RTGS transactionsFree Deutsche Bank Net Banking |
Current Account Platinum | Minimum QAB: Rs. 5.00 lacsFree at par cheque booksFree DDs up to Rs. 12 crores p.a.Free Deutsche Bank Net Banking |
Current Account Platinum Plus | Minimum QAB: Rs. 5.00 lacsFree at par cheque booksFree DDs and POs up to 5.4 crores p.a.Free outstation cheque collection up to Rs. 9.00 crores p.a.Free Deutsche Bank Net Banking |
Current Account Trade | Zero balance account for cross-border transactionsDedicated Relationship ManagerThe transactions that qualify for Quarterly Trade Volume are Inward and Outward bills for collection and Inward and Outward remittances |
Term Deposits
Deutsche Bank provides various term deposit plans catering to residents as well as NRIs. They are:
Type of Deposit | Primary Features |
Resident Fixed Deposit | Minimum investment: Rs. 20000Maximum period: 5 years Can open an account online with a Deutsche Bank login for Internet Banking Overdraft up to 95% of the deposit permitted Nomination facility available Deutsche Bank FD rates for this deposit are 3% to 7.75 p.a. depending on the period |
NRE Fixed Deposit | Can be opened jointly with NRIs and PIOs Both interest and principal repatriable Interest is exempt from TDS Period: 1 year to 5 years Auto renewal facility available Deutsche Bank FD rates on this deposit are 7% to 7.50% p.a. depending on the period of deposit |
NRO Fixed Deposit | Can be opened jointly with Resident Indians Suitable for income generated out of investment in India. Period: From 7 days to 5 years Deutsche Bank FD rates on this deposit are 3% to 7.50% p.a. depending on the period |
Senior Citizen Fixed Deposit | For individuals 60 years and abovePeriod: 7 days to 15 yearsPart withdrawal permittedOverdraft facility up to 95% of the depositNomination facility available |
Tax Saver Deposit | Can claim deduction under Section 80C of the Income Tax Act 1961Period: 5 yearsInvestment: Rs. 20000 to Rs. 1.50 lacsNo loans provided |
Recurring Deposit | Save a fixed amount every monthInvestment: Rs. 50000 to Rs. 2.00 lacs to be deposited every monthPeriod: 1 year to 5 years |
Deutsche Bank Cards
Deutsche Bank provides the following debit cards:
- Infinite Debit Card
- Signature Debit Card
- Platinum Debit Card
- Domestic NRO Debit card
- Gold Debit Card
- Platinum Business Debit Card
The cards have exclusive offers and enable cashless transactions. Debit cards are customised for the specific needs of the customers.
Deutsche Bank Loans
The bank has different loan schemes structured for varied needs. The schemes are as explained below:
Type of Loan | Primary Features |
Home Loan | For your dream homeBoth salaried and self-employed individuals can applyAmount: 75% of the market value of the property. Maximum Rs. 25.00 croresTenure: 5 years to 20 years |
Personal Loan | To meet emergency financial requirementsAmount: Rs. 50000 to Rs. 15.00 lacsTenure: 1 year to 48 months |
Business Instalment Loan | Small and micro enterprises engaged in manufacturing and rendering services can applyFor business purposes onlyAmount: Rs. 10 lacs to 50 lacsTenure: 12 months to 36 months |
Overdraft against deposits | 95% of the deposit value. Minimum Rs. 25000Tenor: 7 days to 365 days linked to fixed deposit |
Deutsche Bank Investment Options
Deutsche Bank provides the following investment options:
- Mutual Funds
- dbWealth Pro
- dbTrade Pro
- Portfolio Management Services
- Bonds
Deutsche Bank Banking Services
Deutsche Bank provides the following banking services for the convenience of its customers.
Internet Banking and Mobile Banking
To access the account online from anywhere and at any time. Deutsche Bank login for retail customers and Deutsche Bank Corporate login for corporate customers is provided to gain access to their net banking account.
Phone Banking
Gain access to the service 24 x7 by calling the number 18602666601 or 18001236601(toll-free) from your registered mobile number
Deutsche Bank Customer Care
You can reach Deutsche Bank Customer Care in the following ways
- Call the Deutsche Bank Customer Care Number (toll-free) 18001236601
- Customers abroad should call Deutsche Bank Customer Care Number +91 226601 6601
- You can write to them at customer.care@db.com
Deutsche Bank FAQ’s:-
To log in to MyBank India App
Click on the MyBank India icon on your device
Click on the ‘login option’
Enter your login credentials to gain access
Yes. The Students Savings Account is meant for students in schools and colleges.
The speciality of this account is linking the current account to a savings account. Pooling of funds between selected group accounts is possible. If the account to which a cheque is issued does not have funds, funds will be automatically transferred from other accounts to this account.
A maximum of 95% of the deposit value will be provided as a loan.
The maximum tenure of Deutsche Bank Fixed Deposits is 5 years.