Dena Bank Fixed Deposit
Last Updated : March 6, 2020, 2:42 p.m.
About Dena Bank Fixed Deposit
Fixed Deposits plans are very flexible and secure. They are the perfect mode of investment for those who don’t want to take the risk. The return on the investment is assured and the specified amount is paid at the maturity of the policy. There is guaranteed hike in the investment at zero percent risk. Moreover, you get income in the form of interest at regular intervals.Dena Bank allows you to choose the intervals of receiving interest. You can get interested monthly, quarterly, half-yearly and yearly as per your income requirements. The interest payout frequency also depends on the scheme you are opting for. Below is the list of fixed deposit schemes offered by Dena Bank:
- Dena Bank Freedom Deposit Scheme
- Dena Bank Samruddhi Deposit Scheme
- Dena Bank Maha Tax Bachat Yojna
- Dena Bank Senior Citizen Scheme
Dena Bank Fixed Deposit Interest Rate
| Interest Rate on Term Deposits (w.e.f. 10.02.20) | |
|---|---|
| Tenure | Below ₹2 Cr. |
| 7 days to 14 days | 4.50% |
| 15 days to 45 days | 4.50% |
| 46 days to 90 days | 5.00% |
| 91 days to 180 days | 5.00% |
| 181 days to 270 days | 5.50% |
| 271 days & above and less than 1 year | 5.50% |
| 1 year | 6.00% |
| Above 1 year and 400 days | 6.00% |
| Above 400 days and upto 3 Years | 6.00% |
| Above 3 Years and upto 5 Years | 6.25% |
| Above 5 Years and upto 10 Years | 6.00% |
Note – Additional interest rate of 0.50% for senior citizens for deposits less than 2 crores
| Tenure | Rate of Interest for amount ₹ 2 Crore to ₹ 10 Crore | Rate of Interest for amount Above ₹10 crore to ₹ 25 crore | Rate of Interest Above ₹ 25 Crore To ₹ 50 Crore | Rate of Interest Above ₹ 50 - 100 Crore | Rate of Interest Above ₹100 crore |
|---|---|---|---|---|---|
| 7 days to 45 days | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. | 4.30% p.a. |
| 46 days to 90 days | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. |
| 91 days to 180 days | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. | 4.75% p.a. |
| 181 days to 270 days | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. |
| 271 days & above and less than 1 year | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| 1 year | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 1 year to 3 years | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 3 years to 5 years | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. | 5.10% p.a. |
| Above 5 years to 10 years | 5.10% p.a. | ** | ** | ** | ** |
Dena Bank Fixed Deposit Schemes
1. Dena Bank Freedom Deposit Scheme
Under this scheme, the customer is free to withdraw up to 90% of the initial amount deposited. He can avail the loan facility. The interest is compounded and paid at the maturity of the deposit.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Tenure | 1 year – 5 years |
| Auto-Renewal Facility | Available |
| Loan/Overdraft Facility | Available |
| Cheque Book | Issued |
| Interest Payout Frequency | Compounded interest paid at the maturity of deposit |
2. Dena Bank Samruddhi Deposit Scheme
The investment made under this scheme yields higher interest as compared to other deposit schemes. The minimum deposit amount is ₹100.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | No specific amount |
| Minimum Tenure | 6 months |
| Maximum Tenure | 120 months |
| Interest Payout Frequency | Quarterly |
3. Dena Bank Maha Tax Bachat Yojna
The investors can avail tax benefit under section 80C of Income Tax. Any individual or Hindu Undivided Family (HUF) can invest a minimum amount of ₹100, to avail the advantages of the scheme.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹1,50,000 |
| Minimum Tenure | 5 years |
| Lock-in-period | 5 years |
| Exemption From Taxes | Allowed |
4. Dena Bank Senior Citizen Scheme
Any individual who has attained the age of 60 years can apply for the policy. An additional interest of 0.50% is paid out to all the senior citizens investing in this scheme.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹1,000 |
| Maximum Investment Amount | No specific amount |
| Minimum Tenure | 15 days |
| Maximum Tenure | 10 years |
| Loan/Overdraft Facility | Upto 85% |
| Interest Payout Frequency | Monthly, quarterly, half-yearly and yearly |
| Nomination Facility | Available |
Documentation
Along with the application form you need to provide the following documents:
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving License | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any other ID proof or address proof document can be submitted subject to bank's satisfaction |
Dena Bank Fixed Deposit Calculator
You can calculate the interest accrued on your deposit using the fixed deposit calculator. The calculator helps you mark out the amount of interest from the maturity value of the policy. You can know the exact amount of interest yielded.
Just enter the amount of deposit, tenure and the rate of interest prevailing on that tenure to know the maturity value.
How To Apply
To apply for Dena Bank Fixed Deposit you need to coordinate with the customer care executives at the branch office. You can also apply through net banking and phone banking services.
Features and Benefits
- Competitive interest rate
- Several investment plans to choose from
- Interest paid out at customer’s demand
- 0.50% extra interest paid to senior citizen
Dena Bank Fixed Deposit Application Form
To avail the facility of fixed deposit at Dena Bank you need to fill in the application form available at bank’s official website and at all branch offices.
The following fields are to be necessarily filled:
- Personal details
- Details of joint holder, in case opening a joint account
- Choose the type of account to be opened
- Fill in the amount of investment and tenure of investment
- Nomination details