Deutsche Bank ambassador and former cricketer Sunil Gavaskar paid a visit to the Chennai branch of the bank to interact with its customers on Friday. He was accompanied by Asha Mathen, regional head, Business Clients, Deutsche Bank.

As part of the interaction, Gavaskar and Mathen met the top customers and also visited the offices of some of the retail bank’s corporate relationships. ‘To get ahead in life, we all need smart strategies, be it in the game of cricket or in our everyday working lives. Through db financial planning, Deutsche Bank helps its customers adopt just those strategies to make their money work harder for them,’ said Gavaskar.

In April 2007, within 15 months since the roll-out of its full suite of products and services in personal banking, Deutsche Bank has amassed 2.50 lakh retail customers in India. The bank has a network of eight branches in Bangalore, Chennai, Delhi, Gurgaon, Kolkata, Mumbai and Noida. The Retail Banking division offered a range of products and services ? from daily banking, insurance, investments, credit cards and loans for individual and business customers.

With a strong focus on advisory banking, Deutsche Bank provided a financial planning process to customers enabling them to optimise their financial and investment decisions. Customers making fresh term deposits of more than Rs 2 lakh could also have the convenience of opening a db Savings Account with no requirement for maintaining the average quarterly balance. The db Savings Account has a host of features including debit card, free access to VISA ATMs in India, free cash withdrawal at over 30,000 ATMs in 40 countries and db Advisory Services.

The Private and Business Clients division of Deutsche Bank served over 13 million customers in its core markets of central and eastern Europe, India and China with focus on advisory-based approach which centred around financial planning in helping customers achieve their investment goals and aspirations. In India, which is the Business Clients’ first go-to-market operation outside Europe, the bank served customers through eight branches in seven cities. A leader in Germany and Europe, Deutsche Bank is growing rapidly in North America, Asia and emerging markets. Meanwhile, the bank has revised the interest rates on fixed deposits across various tenors with rate increase ranging from 50 to 165 basis points.

For deposits of 181-270 days, the interest rate has been increased to 8.75 per cent while on deposits of upto 100 days, the revised interest rate is 8.25 per cent. Other tenors that has been increased included deposits of upto 89 days (8 per cent), 90-99 days (8 per cent) and 101-180 days (8.25 per cent).

With euro 1,126 billion in assets and over 68,000 employees in 73 countries, Deutsche Bank offered a range of financial services for its clients which in turn created an exceptional value for its shareholders and people. In Asia Pacific, the bank has over 45 offices in 17 financial markets. Source: NewsToday