Dena Bank Fixed Deposit in Pune
Last Updated : March 7, 2017, 6:26 p.m.
About Dena Bank Fixed Deposit Pune
Dena Bank is a public sector bank which became nationalized in the year 1969 along with 13 other banks by the Government of India. Originally founded by Devkaran Nanjee Banking Company and later on changed the name to Dena Bank under the prerogative measures of Banking Companies(Acquisition & Transfer of Undertakings) Act, 1970. According to the provisions of the Banking Regulations Act 1949, in addition to the banking business, the bank can suitably accept other business as prescribed in Section 6 of the Banking Regulations Act, 1949. The bank establishes its reach in the form of setting up the branches in Pune city. The bank hosts a number of products and services such as deposits and loans, and Internet banking, corporate banking and international banking. One such popular deposit opted by Pune customers and outside is the fixed deposit. Such deposits are one of the primary sources of cheap capital by the bank as the capital obtained from millions of fixed deposit accounts are further used for lending purposes in the form of various loans.
Fixed deposit is an ideal way to invest for a confined period of time and derive healthy returns. The interest payable on deposits are higher as compared to the savings account. The customer is eligible to obtain a consistent interest at the frequency ascertained by him/her at the time of opting for fixed deposit. The customer can get the nomination facility and premature withdrawal provision on the deposits. However, in the case of premature withdrawal, the calculation of interest is subject to the penal rates. Senior Citizens are no more far behind as Dena Bank takes care of them by paying an additional interest rate to them. The customer has the provision to prescribe the time interval of the deposit and renew it at the time of its maturity. The several fixed deposit schemes which the bank offers to its customers are described below :
- Dena Fixed Deposit Scheme
- Dena Savifix Deposit Scheme
- Dena Samrudhhi Deposit Scheme
- Dena Freedom Deposit Scheme
- Dena Cash Certificate
- Dena Senior Citizen Scheme
- Online Term Deposit Scheme
Dena Bank Fixed Deposit Pune 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 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 Pune
| 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 Pune
Address of Dena Bank Branches in Pune
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Raviwar Peth | New Raviwar Peth, 1557, Shukrawar Peth, Pune - 411002 | BKDN0510019 | 411018002 | 020-24482811 |
| Pune (CAMP) | 31/32, M.G.Road, Pune Camp, Pune, Maharashtra - 411001 | BKDN0510022 | 411018003 | 020-26131013/26130307 |
| Baramati | 242, Main Road, P.B.No.17, Baramati - 413102 , Dist. Pune | BKDN0510047 | 411018047 | 952112-224304 |
| Deccan Gymkhana | Jangli Maharaj Rd., Ashok Chambers, Pune, Maharashtra - 411004 | BKDN0510106 | 411018008 | 020-25531781/25510306 |
| Swargate | Lalwani Estate, 396 By 2, Pune Satara Road, Swargatepune 411009 | BKDN0510259 | 411018006 | 020-24262476/24272426 |
| Bhavani Peth | 266, A.T.P.Scheme 3, N.T.Market, Pune - 411002 | BKDN0510610 | 411018005 | 020-26455660 |
| Bhosari Ind Est | Dr.Mangudkars Bldg., National Highway, Pune - 411026 | BKDN0510628 | 411018012 | 020-27120353/27119266 |
| Sadashiv Peth | 395 B, Sadashiv Peth, Opp.Mah.Sahitya Parishad, Tilak Road, Pune - 411030 | BKDN0510744 | 411018010 | 020-24331660 |
| Kothrud | 5, CTS.284, S.V.Colony, Paud Fata Kothrud, Pune - 411038 | BKDN0510866 | 411018009 | 020-25432424/25420365 |
| Pune Shivaji Housing Society | Anand Bunglow, 64shivaji Coopsoc, Pune 411016 | BKDN0510956 | 411018007 | 020-25632149 |