Dena Bank Fixed Deposit in Kochi

About Dena Bank Fixed Deposit Kochi

Dena Bank is a renowned commercial bank which got nationalized in the year 1969 by the Government of India. The bank hosts a number of products and services which encompass loans, deposits, investment services, small and medium enterprises(SME) along with the premier banking services such as Corporate/Wholesale Banking, Treasury Operations, Retail Banking and Other Banking operations. The bank has its headquarters in Mumbai but has managed to extensively set up the branches around 1,773 across the country. Some of its branches are in Kochi, also known as

Queen of Arabian Sea and named as Gateway of the Kerala. The city gets timely financial infusion which becomes a major reason for the rapid industrialization throughout the decade.The bank’s prompt financial availability makes the masses of Kochi enjoy the uninterrupted infrastructure facilities such as accessibility to information technology, spices, and seafood, travel and tourism etc. Regardless of the banking products, fixed deposit is one such avenue which attracts people of Kochi and outside to consider it as their major investment medium.

This is because everything is predetermined when the customers open their fixed deposit account. The benefit is ascertained and fixed. There is no risk factor dealt in terms of the fixed deposits. However, the customer will obtain the same returns as promised even if the interest rates on deposit gets changed. Also, there is no possibility of loss which can accrue in other forms of investments. It is a planned investment where a specified amount of money is deposited for a fixed period of time. This amount derives interest throughout the tenure of deposit and is payable at the expiration of the fixed deposit.

Dena Bank Fixed Deposit Kochi 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 eligible 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 norms 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 Kochi

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 get additional details, visit Fixed Deposit Kochi

Address of Dena Bank Branches in Kochi

Branch NameComplete AddressIFSCMICRContact Number
ErnakulamPB NO.1792, XXX/537, M.G.ROAD, Ernakulam, Cochin, Kerala - 682016BKDN06203716820180010484-2351414
Cochin - Naval BaseINCS Complex, Naval Base, Cochin - 682004BKDN06204656820180030484-2667351/2666460

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