Dena Bank Fixed Deposit in Hyderabad

About Dena Bank Fixed Deposit Hyderabad

Dena Bank which remarkably does the job of lending loans and fulfilling the needs of people is a public sector bank that was established on 26th May 1938 by Devkaran Nanjee and family. It was originally known as Devkaran Nanjee Banking Committee Limited. It was transformed into a public limited company in the year 1939 and was one of the 13 banks that became nationalized in July 1969.

It was constituted under the Banking Companies(Acquisition and transfer of Undertakings) Act, 1970 but was regulated under the provisions of the Banking Regulations Act,1949, as provided under the specifications of section-6 of the Act; the bank can also undertake other business along with the act of lending loans to the public. It was later on, that its name changed to Dena Bank.

Dena Bank has its headquarters situated in Mumbai and is listed in both Bombay Stock Exchange and the National Stock Exchanges. The bank has also established its presence in Hyderabad city as well.

It was one amongst the very few banks to get the advantage of obtaining the loan from the World Bank for the training and technological upgradation and also one among the six prestigious public sector banks selected by the World Bank for granting the loan of ₹72.3 Crores for the purpose of Financial Sector Development project in the year 1995.

Apart from the regular loans and deposit products, fixed deposit is one such popular financial instrument which every Dena bank customer would like to prefer. It is the widely preferred financial instrument which provides higher interest rates as opposed to a regular savings account. The time intervals of the FD of Dena Bank varies from 7 days to 10 years. The returns generated can only be withdrawn by the customer after the expiry of the maturity date. The time interval is a crucial factor which gets considered when the power of compounding principle starts working from the day you put your money in FD. The returns on FD are secured as it is not directly associated with the stock market. The bank gives slightly higher returns to senior citizens on their FD as well. Moreover, the tax liability falls on FD if the returns exceed ₹10,000 in a financial year.

Dena Bank Fixed Deposit Hyderabad at a glance

ParticularsDetails
Interest Rate3.50% - 7.25%
Minimum Investment Amount₹ 1,000
Tenure7 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 Hyderabad

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 CompaniesBoard 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)

To access further details, visit Fixed Deposit Hyderabad

Address of Dena Bank Branches in Hyderabad

Branch NameComplete AddressIFSCMICRContact Number
Bank StreetBank Street, Pb No.104, Hyderabad, Andhra Pradesh - 500195 BKDN0610124500018002040-24742639/24605681
SaroornagarSaroornagar, Ranga Reddy, Hyderabad - 500035BKDN0610410500018008040-24045591
Nampally11/5/8 Bazarghat, Pb No.28, Nampally, Hyderabad - 500004BKDN0610534500018006040-23316744
East MaredpallyPlot No.32, East Marredpaly, Secunderabad - 500026 .ANDHRA PradeshBKDN0610560500018004040-27734194
Rp RoadDundoo Chambers, 4/3/16, Rashtrapati Rd., Station Road, Secunderabad - 500003BKDN0610561500018009040-27714255
Sanat NagarInd.Estate.Commercial Com, Sanat Nagar, Hyderabad - 500018 BKDN0610734500018007040-23704342
Gagan Mahal1 - 2 - 3/6, Gagan Mahal Road, Domalgada, Hyderabad - 500029BKDN0610984500018003040-27635750/27677856
Secunderabad (JAMIA - Osmania)House No: 12/11/1264/A, Warasiguda, Bhoudanagar, Secunderabad - 500361BKDN0611102500018010040-27602469
Retail Asset Branch Hyderabad2, 4 14 - 16, 1 St Floor, M.G. Road, , Secumderabad, Andhra Pradesh,BKDN0611233500018013040-27721843
MadhapurMadhapur, S R R Niwas, H No 1 - 98/11, Arunoday Colony, Hyderabad, Andhra Pradesh - 50086BKDN0611255500018014022-2654 5440

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