Dena Bank Fixed Deposit in Chandigarh
Last Updated : June 16, 2017, 11:37 a.m.
About Dena Bank Fixed Deposit Chandigarh
Dena Bank was founded by Dev Karan Nanjee on 26th May 1938 and became nationalized in the year 1969 to become a public sector bank. Since its inception, the bank has been advancing progressively in its sector by providing banking services and facilities at par with its peers. Fixed deposit is one such financial instrument offered by the bank. The opulence of Chandigarh has ranked the city as being the “Wealthiest Town” of India which in turn lends credit to the banking sector for the dissemination of finance as its support and to the Dena Bank for the maintenance of records of all transactions.
The major profession of Chandigarh is trade and business, so Dena Bank ensures to offer smooth payment provisions in terms of internet banking, Dena BillPay, Dena m-banking and Multi-City Cheque Facility. Apart from the general products, the bank dedicates itself in providing “fixed deposit” as one of its major product.
Fixed deposit is a secured financial instrument aimed towards the customers to safely park their fixed sum for a particular time period which gives them guaranteed returns. This is a riskless financial instrument as it falls under the prerogative measures of Reserve Bank of India. The liquidity derived from fixed deposit variates depending upon the selection of tenures and interest rates. The interest rates on fixed deposit are accepted for any period ranging from 7 days to 10 years. There are various fixed deposit schemes which are offered by Dena Bank, described as follows :
- Dena Fixed Deposit Scheme
- Dena Savifix Deposit Scheme
- Dena Freedom Deposit Scheme
- Dena Samrudhhi Deposit Scheme
- Dena Senior Citizen Scheme
- Dena Cash Certificate
- Online Term Deposit Scheme
Dena Bank Fixed Deposit Chandigarh at a glance
| Particulars | Details |
|---|---|
| Interest Rate | 2.90% - 6.30% |
| Minimum Investment Amount | ₹ 1,000 |
| Tenure | 7 days – 10 years |
Eligibility Criteria
1. The entities listed below are entitled to apply for fixed deposit :
- Individuals
- Hindu Undivided Families (HUFs)
- Minor represented by parents/guardian
- Guardian on behalf of societies, clubs, trusts and associations
- Associations
- Clubs
- Trusts
- Sole proprietorship firms
- Partnership firms
- Limited Companies
2. The eligibility criteria for Dena Maha Tax Bachat Yojna is as follows:
- Minimum Lock-in period should be of 5 years.
- Minimum size of deposit per receipt must be ₹ 1 lakh through a single deposit receipt.
- Senior Citzens will get an additional interest rate of 0.50% over and above card rate except NRI Deposits.
Documents Required with Dena Bank Fixed Deposit Chandigarh
| Category | Documents |
|---|---|
| An Individual, Hindu Undivided Family, Sole Proprietorship Concern | ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque, A photograph |
| Trusts | Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the account |
| Associations/Clubs | By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account |
| Partnership Firm | Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account |
| Public or Private Limited Companies | Board Resolution / Authority Letter Memorandum & Articles of Association Certificate of Incorporation Certificate of Commencement of Business (Public Limited Company) Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC Governing Act / Rules and Regulations(PSUs) (certified true copy) |
For additional details, visit Fixed Deposit Chandigarh
Address of Dena Bank Branches in Chandigarh
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Chandigarh | Sector NO.7 - C, Madhya Marg, Chandigarh - 160007 | BKDN0710470 | 160018001 | 0172-795540/795726 |
| Sector 38 Chandigarh | SCO - 182, Chandigarh, Sector 38/C, Chandigarh | BKDN0731225 | NON-MICR | 0172 - 26545467 |