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. In 2019, Dena Bank merged with the Bank of Baroda.
Domestic Term Deposits less than Rs.2 Cr
| Tenors | Interest Rates |
|---|---|
| 7 days to 14 days | 2.80% |
| 15 days to 45 days | 2.80% |
| 46 days to 90 days | 3.70% |
| 91 days to 180 days | 3.70% |
| 181 days to 270 days | 4.30% |
| 271 days & above and less than 1 year | 4.40% |
| 1 year | 4.90% |
| Above 1 year to 400 days | 5.00% |
| Above 400 days and upto 2 Years | 5.00% |
| Above 2 Years and upto 3 Years | 5.10% |
| Above 3 Years and upto 5 Years | 5.25% |
| Above 5 Years and upto 10 Years | 5.25% |
Domestic Term Deposits Above Rs.2 Cr up to Rs.100 Cr
| Tenors | Interest Rates (above Rs.2 cr) | Above Rs.10 cr. to up to Rs.25 cr. | Above Rs;25 cr. to up to Rs.50 cr. | Above Rs.50 cr. to upto Rs.100 cr. |
|---|---|---|---|---|
| 7 days to 14 days | 2.90% | 2.90% | 2.90% | 2.90% |
| 15 days to 45 days | 2.90% | 2.90% | 2.90% | 2.90% |
| 46 days to 90 days | 2.90% | 2.90% | 2.90% | 2.90% |
| 91 days to 180 days | 2.90% | 2.90% | 2.90% | 2.90% |
| 181 days to 270 days | 3.05% | 3.05% | 3.05% | 3.05% |
| 271 days & above and less than 1 year | 3.05% | 3.05% | 3.05% | 3.05% |
| 1 year | 3.55% | 3.55% | 3.55% | 3.55% |
| Above 1 Year and upto 2 Years | 3.25% | 3.25% | 3.25% | 3.25% |
| Above 2 Years and upto 3 Years | 4.10% | 4.10% | 4.10% | 4.10% |
| Above 3 Years and upto 5 Years | 3.25% | 3.25% | 3.25% | 3.25% |
| Above 5 Years and upto 10 Years | 3.25% | ** | ** | ** |
Domestic Term Deposits Above Rs.100 Cr up to Rs.1,000 Cr and above
| Tenors | Above Rs.100 cr. to upto Rs.500 cr. | Above Rs 500 cr. to upto Rs.1,000cr. | Above Rs.1,000 cr. |
|---|---|---|---|
| 7 days to 14 days | 2.90% | 2.90% | 2.90% |
| 15 days to 45 days | 2.90% | 2.90% | 2.90% |
| 46 days to 90 days | 2.90% | 2.90% | 2.90% |
| 91 days to 180 days | 2.90% | 2.90% | 2.90% |
| 181 days to 270 days | 3.05% | 3.05% | 3.05% |
| 271 days & above and less than 1 year | 3.05% | 3.05% | 3.05% |
| 1 year | 3.55% | 3.55% | 3.55% |
| Above 1 Year and upto 2 Years | 3.25% | 3.25% | 3.25% |
| Above 2 Years and upto 3 Years | 4.10% | 4.10% | 4.10% |
| Above 3 Years and upto 5 Years | 3.25% | 3.25% | 3.25% |
| Above 5 Years and upto 10 Years | ** | ** | ** |
Dena Bank Tax Saving Fixed Deposit Rates
| Tenors | Deposit [Per Annum] less than Rs 2 Cr. | Sr. Citizen |
|---|---|---|
| For 5 years | 5.25% | 5.75% |
| Above 5 years to up to 10 years | 5.25% | 6.25% |
Dena Bank NRIs NRE/NRO Fixed Deposit for below Rs.2 Crores (Non Callable)
| Maturity Range | Interest Rates |
|---|---|
| 1 year | 4.95% |
| Above 1 year and upto 400 days | 5.05% |
| Above 400 days and upto 2 years | 5.05% |
| Above 2 years and upto 3 years | 5.15% |
| Above 3 years and upto 5 years | 5.35% |
| Above 5 years and upto 10 years | 5.35% |
Dena Bank NRE Term Deposits Below Rs. Two Crore [Callable]
| Tenors | Interest Rates |
|---|---|
| 1 year | 4.90% |
| Above 1 Years to 400 days | 5.00% |
| Above 400 days and upto 2 Years | 5.00% |
| Above 2 Years and upto 3 Years | 5.10% |
| Above 3 Years and upto 5 Years | 5.25% |
| Above 5 Years and upto 10 Years | 5.25% |
NRE Term (Rupee) Deposits
| Maturity Range | Interest Rates |
|---|---|
| 1 Year | 3.55% |
| > 1 yr. upto 2 yrs. | 3.25% |
| > 2 yrs. upto 3 yrs. | 4.10% |
| > 3 yrs. upto 5 yrs. | 3.25% |
| >5 years upto 10 years | 3.25% |
Features & Benefits of Dena Bank Fixed Deposits
- Minimum amount of investment: Rs.10,000
- Scheme comes with a feature of automatic renewal of deposits in units of Rs.1,000
- Cumulative interest payout
- Interest is calculated as compound interest
- Range of maturity period: 1 year to 10 years
Eligibility Criteria and Documents Required
- Individuals are citizens of India
- Individuals belonging to the Hindu Undivided Family
- Minors who are represented by their natural or legal guardian
- Associations and Societies
- Clubs
- Educational institutions
- Trust Accounts
- Firms with proprietorship
- Firms in partnership
- Limited Companies
Dena Bank Loan Against Fixed Deposit
- Loan against fixed deposits can be availed of up to 85% to 90% of the deposits. They can be availed for any purpose other than investments in India and are subject to the maximum ceiling according to the RBI guidelines.
- You cannot use the be for the purpose of carrying on agriculture activities, re-lending, or investment in real estate business.
- Loans against an NRE fixed deposit can be used for investments in India on non-repatriation basis in a few areas and also for acquisition of houses and flats that are subject to the prescribed conditions.
- Repayment of the loan and also the payment of interest accrued will be made by fresh remittances from abroad or out of maturity proceeds of the NRE/FCNR fixed deposits.
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FAQs on Dena Bank Fixed Deposit Rates
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What is the highest fixed deposit interest rate for Dena Bank?
The highest fixed deposit interest rate for Dena Bank is 5.25%.
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What is the interest of 1 lakh in the Dena Bank?
Dena Bank interest on the fixed deposit is based on the term of the fixed deposit for which the money has been deposited.
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In how many years fixed deposits will double in Dena Bank?
This depends on the type of deposit that you have and the interest rate.
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Is it possible to change the tenure of my existing fixed deposit account with Dena Bank?
No, once you open a fixed deposit, you cannot change the tenure of the account.
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Are there any special rates for senior citizens fixed deposits of Dena Bank?
Yes, senior citizens get an interest rate higher of 0.5% on their fixed deposits.
