Dena Bank Fixed Deposit in Chennai
Last Updated : March 6, 2017, 10:26 a.m.
About Dena Bank Fixed Deposit Chennai
Dena Bank is one of the nationalized banks which came into existence in the year July 1969 along with 13 other banks. The bank has established its presence in Chennai, the capital city of Tamil Nadu through some of its branches. Chennai is popularly known as the largest cultural, economic and educational centres of South India. The bank provides a host of value-added services to its premier customers. One such product is of fixed deposit which the bank offers to every customer.
Fixed deposit is a secured financial instrument which is widely preferred by customers within Chennai and outside to park their funds for a fixed period of time in order to derive guaranteed returns. Since, this instrument is non-risky, risk-averse customers consider it to be an ideal instrument for putting their money for a longer period of time. The time period of Dena Bank FD ranges from 7 days to 10 years. However, if the returns on any fixed deposit tend to exceed ₹ 10,000 so in that case the customer falls under the tax liability.
Apart from providing numerous products, Dena Bank promotes itself in terms of offering better customer service to people of Chennai which also has ushered a new breeze in the city’s rapid industrial growth. However, Chennai is a home to the biggest industries in automobiles, medical, tourism, hardware manufacturing, software services and financial services which employ the banking services for the prompt dissemination of loans and simplification of payments procedure.
Dena Bank Fixed Deposit Chennai 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 Chennai
| 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 more details, visit Fixed Deposit Chennai
Address of Dena Bank Branches in Chennai
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| George Town | Kadel Chambers, 340, Mint Street, Chennai - 600001 | BKDN0620063 | 600018004 | 044-25388814/ 25396693 |
| Mount RD | Satya Complex, 1/1 G.P.RD1st Floor, (Mount Road)Chennai, Tamil Nadu600002 | BKDN0620137 | 600018004 | 044-28601285 |
| Hamilton Bridge | 6 - A, Edward Elliot Rd., Hamilton Bridge, Chennai, Tamilnadu - 600004 | BKDN0620511 | 600018010 | 044-28131080/28132403 |
| T.Nagar | Opp.Power House, No. 1, T.C.Rd., T.Nagar, Chennai, Tamilnadu - 600017 | BKDN0620512 | 600018005 | 044-24332656-57 |
| Tondiarpet | 637, T.H.Road, Tondiarpet, Chennai - 600081 | BKDN0620525 | 600018009 | 044-25971247/25951370 |
| Nungambakkam | Hotel Ganpat Bldg., 103, M.G. Road, Nungambakkam, Chennai, Tamilnadu | BKDN0620619 | 600018011 | 044-22825814/28275604 |
| Amminjikarai | 703, Poonamalle High Road, Amminjikarai, Chennai | BKDN0620678 | 600018008 | 044-26449605/26454980 |
| Sembudoss Street | 80/81, Broadway, Chennai - 600108 | BKDN0620683 | 600018003 | 044-25262609/25227207; |
| Alwarpet | Apthagiri Apt., 83, Mowbrays Rd., Chennai, Tamilnadu - 600018 | BKDN0620863 | 600018007 | 044-24982575/24994279 |
| Purasawalkam | 1, Raja Annamalai Road, 1st Floor, Purasawalkam, Madras - 600084 | BKDN0621030 | 600018012 | 0424-2222030/2214390 |
| Retail Asset Branch, Chennai | Retail Asset Br, 83, T.T.K Road, Alwarpet, Chennai | BKDN0621235 | 600018016 | 044 - 24994279 |
| Corporate Business Branch | First Floor, Beta Wing, Raheja Towers, 177, Anna Salai, Chennai - 600002 | BKDN0621238 | NON-MICR | 044-28603120 |
| Redhills Chennai | 121/4, Nehru Street, Mondi Amman Nagar, Redhills, Chennai, Tamil Nadu - 600052 | BKDN0621277 | 600018019 | 022-26323457 |