One of the leading public sector banks of the country, Dena Bank is offering the customers with a number of services and banking products. And, to its latest, the bank is providing fixed deposit schemes with attractive returns and flexible tenures. This will help the customers to invest according to his/her convenience keeping mind the savings and liquidity needs. At loanbaba.com, we inform you about best fixed deposit rates, FD India schemes of the bank and recent DENA bank FD rates along with term deposit details.
The shortest-term holding is 7-14 days for which returns are pegged at 4.5% per annum. It is applicable for the deposits made under Rs 1 Crore, and if the deposits exceed the Rs 1 Crore mark, the rate of interest is calculated at 7% per annum.
The return of 7.3% per annum is the best rate offered by the bank for the deposits made under Rs 1 Crore and the holding period stands for one year. Moreover, the rate remains the same for the amounts higher than Rs 1 Crore, that is; 7.3% per annum.
For the holding period of eight years, the interest rate is calculated at 7.25% per annum, and it is applicable for the deposits made under Rs 1 Crore. On the other hand, for the holding period of five years, the interest rate is calculated at 7.25% for the deposits larger than Rs 1 Crore, and it gets reduced to 7% per annum for the tenure of 5-10 years.
Like every other financial institution in India, Dena Bank also offers the senior citizens with an extra 0.5% on the fixed deposits for the above-mentioned rates and schemes. Therefore, under this category, the senior citizens can enjoy the returns ranging between 4.5%-7.8% depending on their tenure plans.