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Deutsche Bank – FCNR Rates

This bank last updated its deposit rates on 06-Oct-25.

DICGC Insurance: ₹5L
FCNR USD Rank: #41 of 42 banks
Maturity Period
USD
12 Months4.75%
Above 12 Months to 24 Months4.25%

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FCNR rates with other banks

Current
Deutsche Bank logo

Deutsche

4.75%1 year
Check all Foreign banks
Top Public Bank Rate
P

Punjab & Sind

6.80%5 years
Check all public banks
Top Private Bank Rate
T

Tamilnad M

7.25%3 - 4 years
Check all private banks
Top SFB Rate
U

Ujjivan

7.50%3 - 4 years
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Top Foreign Bank Rate
D

Doha

6.05%3 - 4 years
Check all Foreign banks

Bank Overview

Type
Foreign
Headquarters
Mumbai
Founded
1980
Branches
17
DICGC Coverage
₹5 Lakhs

Frequently Asked Questions

As of July 2026, Deutsche Bank offers a highest FCNR interest rate of 4.75% for USD. These rates vary based on the maturity period.

No, interest earned on FCNR (Foreign Currency Non-Resident) deposits is completely exempt from income tax in India for NRIs (Non-Resident Indians). There is also no TDS deducted on FCNR interest in India.

Deutsche Bank supports FCNR deposits in major global currencies, including US Dollar (USD).

Yes, Deutsche Bank is a scheduled commercial bank regulated by the Reserve Bank of India (RBI). It follows strict banking guidelines, making it a reliable and safe institution for NRI deposits.

Yes, premature withdrawal of FCNR deposits is allowed. However, under RBI regulations, no interest is paid if the deposit is withdrawn before completing the minimum tenure of 1 year. If withdrawn after 1 year, premature penalty charges may apply as per the bank's policy.