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06-28-2012, 10:33 AM #1
Deutsche Bank increases domestic, NRE deposit rates
Deutsche Bank on Wednesday 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.
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.