• Dena Bank Fixed Deposit Rates

    Dena Bank is one among the most well-reputed public sector banks in the country that was established in 1969. There is a huge list of deposit options to choose from as far as Dena Bank fixed deposits are concerned. The bank also providers customers the facility to choose and apply for online term deposit schemes. The types of deposit accounts that can be opened online include:

    • Samruddhi Deposit Scheme - cumulative
    • Fixed deposit Scheme - non-cumulative

    Note: Dena Bank has merged with Bank of Baroda with effect from 1 April 2019.

    Dena Bank FD Rates for less than Rs.1 crore

    Mentioned below is the updated list of FD rates for deposits below Rs.2 crore applicable for regular and senior citizens as of 10 January 2020 by Bank of Baroda.

    Tenure Interest rate p.a. (General Public) Interest rate p.a. (Senior citizens)
    7 days to 14 days 4.50% 5%
    15 days to 45 days 4.75% 5.25%
    46 days to 90 days 5% 5.50%
    91 days to 180 days 5.75% 6.25%
    181 days less than 1 year



    12 months 6.70% 7.20%
    1 year 1 day to 400 days 6.85% 7.35%
    400 days to 24 months 6.80% 7.30%
    24 months 1 day to 36 months 6.70% 7.20%
    36 months 1 day to 60 months 6.70% 7.20%
    60 months 1 day to 120 months 6.70% 7.20%
    444 days 7% 7.50%

    Dena Bank short-term FD rates

    • The great thing about short-term FDs is that the money doesn't get locked and you can still earn interest even for as short as 7 days to 14 days
    • The interest paid by the bank for such an investment tenure ranges from a minimum of 4.50% p.a. to 7% p.a.
    • The highest FD rate paid is 7% p.a. for an investment period that ranges for 444 days
    • Customers will be able to gain interest at the rate of 5.75% p.a. for investing in an FD with a tenure that ranges from 91 days to 180 days
    • The tenure range that is offered for short-term deposits is a minimum of 7 days and a maximum of 364 days
    • Short-term fixed deposits interest rates are lucrative and offers customers who do not want to lock-in their money for extended periods and earn a decent interest income.

    Dena Bank medium-term FD rates

    • The interest paid for deposits held in this tenure slab starts from 6.70% p.a. and goes up to 7% p.a.
    • The highest FD rate paid under this deposit slab is 7% p.a. for a time period of 444 days.
    • If a customer chooses to put money for a time frame that is from 2 years 1 day to 5 years, the interest earned will be paid at the rate of 6.70% p.a.

    Dena Bank long-term FD rates

    • The interest paid for long-term FD deposits by Dena Bank is 6.70% p.a

    Dena Bank senior citizen FD rates

    • All those who are 60 years and above fall under the senior citizens category and are paid additional interest of 0.50% per year for all investment tenures
    • Senior citizens can get interest up to 7.50% p.a. for investing in a period of 444 days, which is the highest rate offered.
    • The second highest FD rate is paid for deposits kept with a bank for a period that ranges from 1 year 1 day to 400 days.
    • The interest paid to senior citizen for term deposits range from 5% p.a. to 7.50% p.a.

    Know more about Dena Bank FDs

    How to apply for an FD online: Dena Bank gives existing customers the privilege of opening fixed deposits online through the online banking facility in a matter of seconds. Those who have an active Dena Bank internet banking account will be able to open an FD by logging in with their respective credentials.

    Types of FD schemes: There are a number of fixed deposit schemes to choose from in Dena Bank, and each term deposit option comes with its own set of advantages and disadvantages. Some of the FD options include the Dena Savifix Deposit Scheme, Dena Senior Citizen Scheme, Dena Freedom Deposit Scheme, Dena Maha Tax Bachat Yojana, etc

    Dena Bank NRI deposits: Apart from regular domestic time deposits, the bank also offers a number of Non-Resident Indian (NRI) fixed deposits. All NRIs can gain a good rate of return by going for NRE, NRO and FCNR term deposit options.

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