Dena Bank Fixed Deposit in Indore

About Dena Bank Fixed Deposit Indore

Dena Bank is one of the eminent public sector banks which was founded by Devkaran Nanjee and his family on 26th May 1938 under the name Devkaran Nanjee Banking Company Ltd. Later on, it became a Public Ltd. Company in 1939 and its name got changed to Dena Bank Ltd. In July 1969 Dena Bank Ltd. along with 13 other banks was nationalized and Mumbai became its headquarters. The bank was chosen by the World Bank in the year 1995 for disbursing the loan amount of ₹72.3 Crores under Financial Sector Development project which has made the bank technologically upgraded. The bank constituted its presence through 1,773 branch networks and some of the branches occupy Indore city as well. The bank engages itself to provide various types of products and services in the form of loans, deposits, internet banking, corporate banking,international banking, priority lending including small & medium enterprises services. Among them, a fixed deposit is one such preferred deposit which is widely accessible by people of Indore and other regions as well.

Fixed deposit, also known as term deposit offered by banks where the amount invested gets blocked for a definite period of time in order to yield returns. The returns are solely dependent upon the time intervals selected by the customer. The returns on fixed deposit are assured to every customer since this financial instrument has no connection with the stock market. The customers choose their FD as per their own preferences on the lower amount as well so accordingly it will follow the lesser interest rate and tenure. The time period of Dena Bank FD ranges from 7 days to a maximum period of 10 years. The liquidity on FD in terms of providing returns vary accordingly. The several fixed deposit schemes which Dena bank offers to its customers are described below :

  • Dena Fixed Deposit Scheme : a traditional fixed deposit scheme with a tenure ranging from 7 days to 10 years.

  • Dena Savifix Deposit Scheme: a deposit scheme which has the characteristics of a savings account and also a fixed deposit account.

  • Dena Samrudhhi Deposit Scheme : a deposit scheme which calculates compound interest every quarter providing a higher yield.

  • Dena Freedom Deposit Scheme : a scheme where a cheque book is issued to the customer permitting him/her to withdraw upto 90% of the deposit anytime he/she wants.

  • Dena Cash Certificate: a deposit which permits the customer to withdraw the final value realized on maturity. The initial deposit amount is ascertained at the time of maturity value selected and rate of interest applicable at the time of purchase.

  • Dena Senior Citizen Scheme :a deposit scheme available for senior citizens who have completed 60 years of age.

  • Online Term Deposit Scheme: a term deposit which can be purchased online through the bank’s internet banking facility.

    Dena Bank Fixed Deposit Indore 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 Indore

    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 Indore

    Address of Dena Bank Branches in Indore

    Branch NameComplete AddressIFSCMICRContact Number
    Sitlamata Road45 By 46, Sitlamata Road, Pb No.9, Indore - 452002 ., M.P.BKDN08101414520180020731-2548951/2548207
    SiyaganjSiya Ganj, Old Ida Bldg., 2nd Flr., Jawahar Marg Indore , Madhya Pradesh - 452007BKDN08101804520180040731-2368066/2362582
    NavalakhaNavalakha Chouraha, Mumbai - Agra Road, Indore, Madhya Pradesh - 452001 BKDN08105814520180050731-5282028/2402332
    Jail Road17, Jail Road, Sonarwada, Indore, Madhya Pradesh - 452003BKDN08105924520180030731-2539162, 2541183
    Sanwer Road4 - A, Sanwer Road, Suklhliya Junction, Indore - 452008 ., Dist. M.PBKDN08110874520180060731-2553388/2572528
    PalasiaNavneet Darshan Apart., Ground Flr., Old Palasia, Indore, Madhya Pradesh - 452001BKDN08111224520180070731-2564797
    Futhi Kothi Indore 983 A , Sudama Nagar , Footi Kothi Main Road , Indore - 452009 , Madhya PradeshBKDN08112224520180080731-2484500
    PithampurDena Bank, Tiwari Complex , Mhow Neemuch Road, Pithampur (M P), Dist Indore, Pin - 454475 BKDN0811464NON-MICR9200594431

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