Dena Bank Fixed Deposit in Hyderabad
Last Updated : March 16, 2017, 9:24 a.m.
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 26 th 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 The returns generated can only be withdrawn by the customer after the expiry of the maturity date.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
| 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 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 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) |
To access further details, visit Fixed Deposit Hyderabad
Address of Dena Bank Branches in Hyderabad
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bank Street | Bank Street, Pb No.104, Hyderabad, Andhra Pradesh - 500195 | BKDN0610124 | 500018002 | 040-24742639/24605681 |
| Saroornagar | Saroornagar, Ranga Reddy, Hyderabad - 500035 | BKDN0610410 | 500018008 | 040-24045591 |
| Nampally | 11/5/8 Bazarghat, Pb No.28, Nampally, Hyderabad - 500004 | BKDN0610534 | 500018006 | 040-23316744 |
| East Maredpally | Plot No.32, East Marredpaly, Secunderabad - 500026 .ANDHRA Pradesh | BKDN0610560 | 500018004 | 040-27734194 |
| Rp Road | Dundoo Chambers, 4/3/16, Rashtrapati Rd., Station Road, Secunderabad - 500003 | BKDN0610561 | 500018009 | 040-27714255 |
| Sanat Nagar | Ind.Estate.Commercial Com, Sanat Nagar, Hyderabad - 500018 | BKDN0610734 | 500018007 | 040-23704342 |
| Gagan Mahal | 1 - 2 - 3/6, Gagan Mahal Road, Domalgada, Hyderabad - 500029 | BKDN0610984 | 500018003 | 040-27635750/27677856 |
| Secunderabad (JAMIA - Osmania) | House No: 12/11/1264/A, Warasiguda, Bhoudanagar, Secunderabad - 500361 | BKDN0611102 | 500018010 | 040-27602469 |
| Retail Asset Branch Hyderabad | 2, 4 14 - 16, 1 St Floor, M.G. Road, , Secumderabad, Andhra Pradesh, | BKDN0611233 | 500018013 | 040-27721843 |
| Madhapur | Madhapur, S R R Niwas, H No 1 - 98/11, Arunoday Colony, Hyderabad, Andhra Pradesh - 50086 | BKDN0611255 | 500018014 | 022-2654 5440 |