Dena Bank Fixed Deposit in Noida
Last Updated : March 7, 2017, 10:49 a.m.
About Dena Bank Fixed Deposit Noida
Dena Bank was constituted on 26 th May, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. Later on, the name got changed to Dena Bank Ltd. and it became a public limited company in December 1939.
Further, Dena Bank Ltd. along with 13 other major banks became nationalized in July 1969 and is now a Public Sector Bank under the directives of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. It has achieved a great milestone when the bank got selected amongst six Public Sector Banks by the World Bank for sanctioning a loan of ₹ 72.3 crores to augment the Tier-II Capital under Financial Sector Developmental project in the year 1995.
The bank marks its presence in Noida, the National Capital Region of Delhi. However, the bank hosts a number of products and services such as Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operation. In addition, fixed deposit is a type of deposit offered by Dena Bank that offers safety in returns to every customer.
Fixed deposit is an extensively preferred choice amongst customers to block their idle money instead of keeping them in a regular savings bank account which offers them comparatively lesser returns. The principal amount along with returns are guaranteed to the customer upon maturity. The time interval is a stipulated factor behind accumulating returns. The compounding principle starts working from the day when the money gets blocked on fixed deposit at your chosen interest rate and tenure. If the total interest on fixed deposit goes beyond ₹ 10,000 in a financial year, then the customer becomes liable to pay taxes thereon. The FDs get into auto-renewal mode when becomes matured. However, the customer has the right to withdraw the interest amount and continue the same FD with the original principal amount for another tenure.
Dena Bank Fixed Deposit Noida 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 Noida
| 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 go through further details, visit Fixed Deposit Noida
Address of Dena Bank Branches in Noida
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Noida | C - 136, Sector - 19, Noida - 201301 | BKDN0721125 | 110018026 | 0120-2545747/2545749 |
| Greater Noida | Kailash Hospital, 23 Institutional Area, Greater Noida - 201308, Uttar Pradesh | BKDN0721172 | 110018035 | 0120-2320679 |
| Noida Sector | Dena Bank, Plot No 1, Khasra No 449 Sector 51 Village Hoshiarpur Dist.Gautam Budh Nagar, Noida 201301 | BKDN0711779 | NON-MICR | 8447753272 |