Schedule of Charges

Investments and Insurance

Click here to view the rates of commission received by the Bank from Asset Management and Insurance Companies for distribution of various mutual fund schemes and insurance policies.

Summary of Schedule of Charges

Please note:

• With effect from  December 01, 2022, the interest rate applicable on Savings Bank Accounts is 3.00% per annum. The interest on Savings Bank Accounts will continue to be calculated on daily product basis in line with the guidelines issued by the Reserve Bank of India, instead of the earlier methodology of calculating Savings Bank interest on the least balance between the 10th and the end of the month
• The interest on Savings Bank Accounts will be paid at quarterly intervals i.e. on 31st March, 30th June, 30th September and 31st December every year
• Charge of Rs. 100 plus applicable Goods and Services Tax will be levied on every transaction involving conversion of INR to foreign currency or vice versa w.e.f. 16th May, 2008
• Effective 1st August 2019, issuance of Demand Drafts on non-Deutsche Bank locations is discontinued. Please contact our branch officials for any assistance required on this
  

With effect from April 01, 2015: In line with RBI guidelines (RBI Circular no DBR.Dir.BC.No.47/13.03.00/2014-15), customers who have not maintained the required balance threshold for a quarter across both Assets Under Management (AUM) and Average Quarterly balances (AQB) would be sent an intimation of the same on their mobile number or email address or physical address as registered with the Bank, at the end of the cycle. The quarterly balances across both AUM and AQB would then be reviewed post a month of the charge cycle, and in the event of non-maintenance again, service fee would be applied as a percentage of the shortfall observed in the actual AQB maintained from the required threshold of AQB or actual AUM maintained from the required threshold of AUM whichever is lower. It will be the responsibility of the customer to have a valid e-mail ID, mobile number and address updated with the Bank at all times, failing which, customer may not receive the notification(s).
For example, Calendar Quarter Q1 (January-February-March) Requirement: AUM Rs. 150,000 OR AQB Rs. 75,000 with a flat charge of Rs. 1,200 AUM/AQB will be checked for Q1 in April. Incase client has not maintained the requisite balances, communication will be sent giving 1 month's notice i.e. April Post one month's period, AUB/ AUM will be recalculated for February - March-April in May. Incase client does not maintain either AUM or AQB i.e. AUM is Rs. 120,000 and AQB is Rs. 37,500, the shortfall for both AUM and AQB will be calculated i.e. AUM 120,000/ 150,000 = 80% i.e. shortfall of 20% and AQB 37,500/75,000 = 50% i.e. shortfall of 50%. Lower shortfall is observed in AUM i.e. 20% hence the charges will be levied basis the AUM shortfall i.e. Charge will be Rs. 1,200 X 20% = Rs. 240.

Change in Goods and Services Tax levy (w.e.f. 1-07-2017):

On charges levied as per Schedule of Charges (SOC):

Effective 1st July, 2017, Government of India has implemented Goods and Services Tax (GST), hence all the existing Goods and Services Tax rate of 15% on applicable charges are replaced by 18%.

• Click here to know the Deutsche Bank AG Provisional GST number / ID
• Click here for GSTIN registration form for customer / vendor

Note: While care has been taken to ensure accuracy, the same cannot be guaranteed. Deutsche Bank AG does not render any tax advise. Please consult your tax advisor for details and specific advise.

Changes effective from February 1, 2025

• db Value-Plus Savings Account can be opened with an AUM of >= ₹100,000 in a calendar quarter for Cat A and Cat B branches.
  
• The AUM requirement for db Advantage Banking Savings Account is changed from AUM >= ₹5,00,000 to AUM >= ₹3,00,000 in a calendar quarter for Cat A and Cat B branches.

Changes effective from July 1, 2024 

• The AUM requirement for db Advantage Banking Savings Account is changed from AUM >= ₹10,00,000 to AUM >= ₹5,00,000 in a quarter for Cat A and Cat B branches.