Deutsche Bank increases domestic, NRE deposit rates

The bank has increased deposit rates to 9.5% for 3-5 yrs tenor for domestic deposits too

Deutsche Bank today hiked its deposit rates for domestic and NRE depositors in the range of 1.10-1.40 per cent for various tenors.

For domestic depositors, the German bank will now give 9.25 per cent interest for 2-3 year tenor deposits against earlier 8 per cent, Deutsche Bank India said in a release here.

Similarly, the bank has increased deposit rates to 9.5 per cent for 3-5 years tenor for domestic deposits too.

The bank will increase deposit rates in the range of 1.10-1.40 per cent for various tenors falling in the 2-5 year period in NRE accounts.