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Deutsche Bank Savings Bank Accounts

Deutsche Bank is a global banking network with strong presence in Germany and Europe. They cater to a wide segment of customers in India including corporate, institutional and individual clients. They offer various banking services like on-shore investment banking, institutional equities broking, asset and private wealth management, retail banking and business processes outsourcing.

Savings Bank Accounts Offered by Deutsche Bank

Deutsche Bank Savings Account

Savings Account Infinity

This account is designed for the elite customers of Deutsche Bank. This comes with various premium benefits –

  • All account holders get a complimentary Deutsche Bank Visa Infinite debit card
  • It offers higher express rewards on debit card transaction
  • Customers get complimentary access to airport lounge four times in a quarter
  • Free consolidated quarterly statement with payee details
  • Total protection against fraudulent charges on the debit card, transaction accounts or online transactions
  • Customers get a dedicated Relationship Manager
  • Offers attractive Forex rates
  • Customers can get discounted locker rates

Savings Account Select

This account is also for elite customers and comes with the additional feature of fuel surcharge waiver

  • Petrol surcharge of 2.5% waived off on debit card transactions
  • All account holders get a complimentary Deutsche Bank Visa Infinite debit card
  • It offers higher express rewards on debit card transaction
  • Customers get complimentary access to airport lounge four times in a quarter
  • Free movie vouchers every quarter for spends more than Rs.2000 in a quarter
  • Free consolidated quarterly statement with payee details
  • Total protection against fraudulent charges on the debit card, transaction accounts or online transactions
  • Customers get a dedicated Relationship Manager
  • Offers attractive Forex rates & locker rates

Professional Savings Account

As the name suggests, this account is created for Professionals like Chartered Accountants, Doctors, Lawyers, Company Secretaries and Architects. This account comes with premium benefits and various attractive offers

  • This is a zero balance account
  • Customers can avail free Doorstep Banking service
  • All account holders get a free International Platinum Debit Card for self and joint account holder
  • Offers preferred rates on processing fees for overdraft facilities
  • Free payable at par cheque books, demand drafts and pay orders
  • Customers can avail free NEFT and RTGS transfers
  • It offers special relationship discount on locker rent

Value-Plus Savings Account

This is a simple savings account that can be availed instantly with no hassle

  • Customers are handed over the Instant Account Opening Kit
  • Easy balance requirement – customers can choose to either maintain a minimum Average Quarterly Balance (AQB) of Rs.1 lakh in savings account or a minimum Assets Under Management (AUM) of Rs.1.5 lakh 
  • Can be opened individually or jointly with family members as a group account and still operate the account individually
  • All account holders get a free International Gold Debit Card
  • Total protection against fraudulent charges on the debit card, transaction accounts or online transactions

Regular Savings Account & Easy Savings Account

These accounts are simple savings bank accounts with very low minimum balance requirements

 Regular Savings AccountEasy Savings Account
Average Quarterly Balance (AQB)Rs.25,000NIL
Assets Under Management (AUM)Rs.1,50,000NA
Min. Account opening amountRs.25,000NA

Customers are offered various other benefits along with this account

  • International Gold Debit Card free of charge
  • Free payable at par cheque book at the time of account opening
  • Free quarterly or monthly statements
  • Free international cash withdrawals on Global ATM Alliance Network ATMs
  • NEFT/RTGS transactions free of charge

Student Savings Account

This account is ideal for students travelling to foreign countries for higher studies. This account gives benefits in the form of free foreign remittances, preferential foreign exchange rates and free forex cards

  • Customers can avail free attestation and transmitting documents to Germany
  • The outward remittance service used to pay the semester fees through the Student Account is free of charge
  • Preferred foreign exchange rates on outward remittances
  • This account can be opened individually or jointly with family members
  • ‘Student Elite’ feature gives worldwide coverage for medical and travel insurance
  • All customers receive Deutsche Bank’s multi currency Prepaid Forex Card
  • Free demand drafts, pay orders and payable at par cheque books
  • Customers also get free International Platinum Debit Card for self and joint applicant

Advantage Savings Account

This is an exclusive account that offers superior savings bank experience for the entire family with the Family Banking advantage

  • Account can be opened individually for every family member and can be grouped under a single group
  • There is no need to maintain the required minimum balance individually under each of the accounts
  • Customers can choose to either maintain a minimum Average Quarterly Balance (AQB) or a minimum Assets Under Management (AUM)
  • Children above the age of 12 years can transact individually online or through their own Debit Card
  • This account comes with a free Platinum Debit card
  • This Debit Card can be used at over 58,000 Visa ATMs, over 15,000 Cashnet ATMs and 81,000 NFS ATMs in India
  • Customers are sent special invites to exclusive events throughout the year as part of Advantage Banking

AQB or AUM requirement for Advantage Savings Account

Account Grouping OptionsFamily Advantage Savings Account
For a single accountAUM of Rs.7.5 lakh or AQB of Rs.2 lakh in the savings account
For a group of 2 familiesAUM of Rs.15 lakh or AQB of Rs.2 lakh in the savings account
For a group of 3 familiesAUM of Rs.20 lakh or AQB of Rs.2 lakh in the savings account
For a group of 4 familiesAUM of Rs.25 lakh or AQB of Rs.4 lakh in the savings account

Expat Savings Account

This account is ideal for customers who are expatriates in a foreign country. It comes with premium banking features for all account holders –

  • The account allows free outward remittances to the customer’s home country at preferential forex rates
  • Account holders get preferential interest rates on fixed deposits & locker rents
  • They get free demand drafts, pay orders and payable at par cheque books
  • A dedicated service manager is appointed for account related services
  • Customers are sent special invites to exclusive events throughout the year
  • All account holders get an International Platinum Debit Card for self and the joint applicant
  • Customers can carry out unlimited transactions at all ATMs in India free of cost
  • Free international cash withdrawals on Global ATM Alliance Network ATMs of over 30,000 ATMs across 40 countries
  • Fuel surcharge waiver of 2.5% on fuel purchase across all petrol pumps in India
  • Customers are given a comprehensive insurance cover with Lost Card Insurance Cover of Rs 5 Lakhs and Purchase Protection Cover worth Rs. 1 lakh
  • Customers get free investment solutions and plan proposals based on their financial situation and requirements to help them achieve greater financial success

Value Added Services of Deutsche Bank Savings Account

Along with the savings account benefits, all savings bank account customers receive various value added benefits -

  • Customers can use their debit card at over 58,000 Visa ATMs in India
  • The International Debit card can be used at Global ATM Alliance Network ATMs of over 30,000 ATMs across 40 countries
  • Free payable at par cheque books, demand drafts and pay orders on select accounts
  • Online banking facilities to manage account and carry out various transactions online anytime anywhere from the comfort of home or office
  • SMS and email facilities to get alerts on salary credit, bill payment, cheque clearing and bouncing
  • E-statements of account summary to conveniently browse, read and store
  • 24/7 phone banking team to assist customers with any requests and queries

Deutsche Bank Savings Bank Interest rates

Deutsche Bank offers an interest rate of 4.00% on its savings bank accounts (which is bound to change from time to time as per the Banks T&Cs). The interest is paid at quarterly intervals.

How to open a savings bank account with Deutsche Bank?

Customers can apply for a savings bank account online on the official website of the bank. They can also call the toll free customer care number to get in touch with an authorized representative of the bank or walk in to the nearest branch of the bank.

Deutsche Bank Savings Bank Accounts FAQs

1. What are the services available through online banking for savings account holders?

Online banking from Deutsche Bank offers various value added services for saving bank account holders.

  • View and manage all your Deutsche Bank accounts under a single login
  • Create and manage Fixed Deposits
  • View and manage Demat account holding
  • Online bill payment facilities for numerous utility bills, insurance premiums, mobile recharges, credit card payments, etc.
  • Online shopping using Direct Debit
  • Fund transfers using NEFT/RTGS/IMPS
  • Bulk beneficiary upload
  • Mini statement/account statement
  • Manage cheque payments
  • Manage Email & SMS alert subscriptions
  • Update profile and contact information
  • Contact customer care through the ‘Mailbox’ feature

2. What is Deutsche Bank Express Rewards?

This is a rewards program offered by Deutsche Bank that allows customers to accumulate reward points on banking transactions carried out every month. Transactions eligible for reward points can be paying credit card bills using Deutsche Bank’s Direct Debit facility, creating a recurring deposit, ordering a cheque book or paying phone bills and many such transactions. Customers earn Express Rewards based on the transaction amount, which can be redeemed for a cash credit into the savings account. 

3. What is the ‘Total Protection’ feature offered to savings bank account holders?

Deutsche Bank savings bank accounts come with a Total Protection feature that protects customers against any liability arising out of fraudulent activities affecting their account. It could be any of the following –

1. Any fraudulent transactions on debit cards or transaction accounts

2. Any unauthorised online banking transactions

3. Any intrusions on the customer’s privacy

4. Can I use the International debit card to withdraw cash from an ATM in a foreign country?

Yes, the International Debit card can be used at Global ATM Alliance Network ATMs of over 30,000 ATMs across 40 countries.

5. Can I apply for a Demand Draft online?

Yes, customers can apply for a Demand Draft by logging in to their online banking.

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