Reap Best Returns from Dena Bank Fixed Deposit Jammu - Wishfin

Dena Bank Fixed Deposit in Jammu

About Dena Bank Fixed Deposit Jammu

Dena Bank which remarkably caters to the needs of people in terms of providing loans and deposit is a public sector bank that was established on 26th May 1938 by Devkaran Nanjee and family. It was initially 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.

Dena Bank was established under the Banking Companies(Acquisition and transfer of Undertakings) Act, 1970 but was regulated under the provisions of the Banking Regulations Act,1949, as prescribed 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 was changed to Dena Bank.

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

It was one amongst the very few banks to get the privilege of securing the loan from the World Bank for the training and technological upgradation and also among the six distinguished public sector banks selected by the World Bank for disseminating loan of ₹72.3 Crores for the purpose of Financial Sector Development project in the year 1995.The bank provides a bouquet of products and services in the form of loans, deposits, internet banking, corporate banking,international banking, priority lending including small & medium enterprises services. Among the regular deposits, fixed deposit is one of the trusted investment instrument considered by a majority of the customers.

Fixed deposit allows the customers to deposit their money for a set period of time, thereby allowing them to earn a higher rate of interest in return. Fixed deposits also extend a higher rate of interest than a savings bank account. However, a slight upper limit on interest rate is being provided to senior citizens as well. The general public can prefer fixed deposit to maximize their returns without any scope of losing on their returns as fixed deposits are the safe instrument which is not directly related to stock market. Upon maturity, the customers have an option to renew the same FD scheme for another tenure or withdraw the interest amount and continue with the principal value for another tenure. The fixed deposit returns are subject to taxation if the returns exceed ₹ 10,000 in a financial year.

Dena Bank Fixed Deposit Jammu at a glance

Interest Rate2.90% - 6.30%
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 Jammu


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
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
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 Jammu

Address of Dena Bank Branches in Jammu

Branch NameComplete AddressIFSCMICRContact Number
JammuJammu, Raghunath Mandir Chowk, Raghunath Bazar., Jammu And KashmirBKDN07105531800180020191-2578511
Jammu Kunjwan Opposite Bata Show Room, Jammu - Pathankot Hational Highway, Kunjwani, Gangyal Jammu, BKDN07313391800180039622084956

Personal Loan Interest Rates February 2024
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