Deutsche Bank FD Calculator
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - General Public
| Tenure | Regular Citizens |
| 7 days | 2.75 |
| 8 – 14 days | 2.75 |
| 15 – 29 days | 2.75 |
| 30 days | 3.75 |
| 31 – 45 days | 3.75 |
| 46 – 59 days | 3.75 |
| 60 – 89 days | 4.25 |
| 90 – 99 days | 5 |
| 100 days | 5 |
| 101 – 180 days | 5 |
| 181 – 270 days | 5.25 |
| 271 days – 1 year | 5.5 |
| Above 1 year to 1.5 years | 6.25 |
| Above 1.5 years to 2 years | 6.25 |
| Above 2 years to 3 years | 6.5 |
| Above 3 years to 4 years | 7 |
| Above 4 years to less than 5 years | 7 |
| 5 years | 7 |
Note: The FD interest rates are effective as of 12 August 2022
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Senior Citizens |
| 7 days | 2.75 |
| 8 – 14 days | 2.75 |
| 15 – 29 days | 2.75 |
| 30 days | 3.75 |
| 31 – 45 days | 3.75 |
| 46 – 59 days | 3.75 |
| 60 – 89 days | 4.25 |
| 90 – 99 days | 5 |
| 100 days | 5 |
| 101 – 180 days | 5 |
| 181 – 270 days | 5.25 |
| 271 days – 1 year | 5.5 |
| Above 1 year to 1.5 years | 6.25 |
| Above 1.5 years to 2 years | 6.25 |
| Above 2 years to 3 years | 6.5 |
| Above 3 years to 4 years | 7 |
| Above 4 years to less than 5 years | 7 |
| 5 years | 7 |
Note: The FD interest rates are effective as of 12 August 2022
Deutsche Bank Tax Saver Deposit - General Public
| Tenure | Regular Citizens |
| 5 years (Tax Saver) | 7.00% |
Deutsche Bank Tax Saver Deposit - Senior Citizens
| Tenure | Regular Citizens |
| 5 years (Tax Saver) | 7.00% |
NRE Fixed Deposit Interest Rates
| Tenure | Interest Rates (% p.a.) |
| 1 year | 5.5 |
| Above 1 year to 1.5 years | 6.25 |
| Above 1.5 years to 2 years | 6.25 |
| Above 2 years to 3 years | 6.5 |
| Above 3 years to 4 years | 7 |
| Above 4 years to less than 5 years | 7 |
| 5 years | 7 |
Note: The FD interest rates are effective as of 12 August 2022
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Deutsche Bank FD Calculator
Why do most the investors prefer fixed deposits? This is because it offers guaranteed returns in the form of interest and comes with lower risk. Many banks and NBFCs offer fixed deposits at attractive interest rates which vary according to tenure and deposit amount.
If you plan to invest in Deutsche Bank fixed deposit, it would be beneficial to have an idea of the accrued interest. Enter the Deutsche Bank fixed deposit rate, deposit and tenure on the online FD calculator to determine the return your investment would bring.
Deutsche Bank Fixed Deposit (FD) Calculator
Deutsche Bank FDs offer an interest rate that ranges between 3% and 7.25%. These rates are applicable to general citizens as well as senior citizens. This bank offers flexible tenure and you can choose an FD scheme that is most suitable for your financial goals.
With prior knowledge of the FD return, you can select a suitable FD and determine the required deposit amount. You can do the calculations manually but there can be chances of error. Moreover, it can be tedious. Instead, you can use an online fd calculator which will give you error-free results within seconds.
How Does the Deutsche Bank FD Calculator Work?
A fixed deposit gathers interest in either of two ways:
If you are calculating simple interest, you need to use the following formula:
M= P+ (PXRXT/100)
Here, M denotes maturity amount, P signifies investment amount, T is tenure of investment and R is the rate of interest.
You need to use the following formula if you are calculating compound interest rate:
A = P (1 + r/n) ^ n*t
In this formula, “A” denotes the FD maturity amount
“P” means your fixed deposit investment amount
“r” denotes the annual Deutsche Bank fixed deposit rate of interest
“n” stands for the frequency of compounding interest
“t” represents the investment term or tenure
While you use the Deutsche Bank fixed deposit calculator, you need to enter the right investment amount, tenure, and interest rate to get an accurate maturity amount.
The following illustration will help in understanding how the formula works in a more clarified manner:
Let’s assume a fixed deposit investment of ₹70,000 for 7 years at an annual interest rate of 7%. The rate is compounded annually.
As per the formula:
A = 70,000 (1 + 7%/1) ^ 1*7
A = ₹1,13,779
Hence, the interest amount accrued will be A – P, i.e., ₹1,13,779 -₹70,000 = ₹43,779
The manual calculations are time-consuming and leave room for error.
As a better alternative, you can use the online Deutsche Bank FD Calculator. The tool is easy to use and involves the following few steps:
- Type your chosen investment amount in the “Total Investment” box
- Drag the cursor to draw a purple line until reaching the desired tenure. You can also enter the number of years manually in the box provided
- Lastly, enter the interest rate and check the right side of the page
- It will display the “Estimated Return”, and “Total Value” you will receive at maturity
You can make changes in the deposit amount, interest rate, and tenure to compare returns from various FD schemes.
Benefits of an Online Deutsche Bank FD Calculator
Here are some of the significant benefits of the Deutsche Bank FD calculator tool available online:
- The tool is easy to use and provides results instantly.
- As this tool is automated, there is absolutely no chance of error.
- The Deutsche Bank fixed deposit interest rate varies depending on the investment tenure and amount. You can adjust the investment details to determine the returns for different FD schemes.
- By knowing the investment amount beforehand, you can plan your investments in a better way.
- You can use this tool at free-of-cost of as many times as you need.
- There is no hassle of formalities such as registering or signing up and sharing personal details to use.
If you are planning to invest in Deutsche Bank fixed deposit, you can consider using the calculator tool to calculate the amount of maturity and accrued interest. This way, you can plan your investment according to your financial goals.
Frequently Asked Questions
What is the highest interest rate on Deutsche Bank FD?
The highest interest rate on Deutsche Bank FD is 7.25% for general and senior citizens for investment of less than ₹2 crore.
What is the minimum amount of investment for FDs under Deutsche Bank?
The minimum amount of investment for FDs under Deutsche Bank is ₹20,000.
What is the penalty for early withdrawal in Deutsche Bank FD?
If case of early withdrawal of fixed deposits with a duration above 7 days, Deutsche Bank charges a 1% penalty on the applicable interest rate.
In how many years has FD doubled in the Deutsche Bank?
To figure out how many years it will take for FD to double, the easiest way is to use the Rule of 72. You need to divide 72 by the applicable interest rate. For example, if your FD attracts a 7.6% interest rate per annum, it will take (72/7.6) 9.47 years for your FD to double in amount.
Can a customer open a term deposit account online in Deutsche Bank?
Yes, a customer can open a term or fixed deposit account online at Deutsche Bank.
Can I deposit an extra amount into an already existing FD?
No, you cannot deposit any additional amount into an already existing FD. But you can open another FD account and start investing.
What is the lock-in period for Tax Saving Scheme?
The lock-in period for tax-saving FD schemes is of 5 years. You cannot take a loan against FD or make an early withdrawal during this period.
Are there any special rates for senior citizens?
No, Deutsche Bank doesn’t offer any special interest rate for senior citizens. General interest rates are applicable for senior citizen FDs.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.