Dena Bank Fixed Deposit- Flexible Mode of Investment

FD Interest Rates 349 views

Fixed Deposits plans are very flexible and secure. They are the perfect mode of investment for those who don't want to take the risk. The return on the investment is assured and the specified amount is paid at the maturity of the policy. There is guaranteed hike in the investment at zero percent risk. Moreover, you get income in the form of interest at regular intervals.Dena Bank allows you to choose the intervals of receiving interest. You can get interest monthly, quarterly, half-yearly and yearly as per your income requirements. The interest payout frequency also depends on the scheme you are opting for. Below is the list of fixed deposit schemes offered by Dena Bank:

  • Dena Bank Freedom Deposit Scheme
  • Dena Bank Samruddhi Deposit Scheme
  • Dena Bank Maha Tax Bachat Yojna
  • Dena Bank Senior Citizen Scheme

Dena Bank Fixed Deposit Interest Rate Table

(Rates effective from 04/07/2016)

TENUREBelow ₹1 Crore (% p.a.)
(w.e.f. 04.09.2017)
07 DAYS TO 29 DAYS 4.00

30 DAYS TO 45 DAYS 4.50
46 DAYS TO 90 DAYS 5.25
91 DAYS TO 179 DAYS5.50
180 DAYS TO 270 DAYS 6.00

271 DAYS TO 364 DAYS 6.25

365 DAYS / 1 YEAR 6.50
MORE THAN 1 YEAR TO LESS THAN 2 YEARS 6.50
2 YEARS TO LESS THAN 5 YEARS 6.25

5 YEARS & UPTO 10 YEARS6.30

How To Apply
To apply for Dena Bank Fixed Deposit you need to coordinate with the customer care executives at the branch office. You can also apply through netbanking and phone banking services.

Dena Bank Fixed Deposit Schemes

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1. Dena Bank Freedom Deposit Scheme

Under this scheme the customer is free to withdraw upto 90% of the initial amount deposited. He can avail the loan facility. The interest is compounded and paid at the maturity of the deposit.

ParticularsDetails
Minimum Investment Amount ₹10,000

Tenure1 year – 5 years
Auto-Renewal FacilityAvailable

Loan/Overdraft FacilityAvailable

Cheque BookIssued
Interest Payout Frequency Compounded interest paid at the maturity of deposit

2. Dena Bank Samruddhi Deposit Scheme
The investment made under this scheme yields higher interest as compared to other deposit schemes. The minimum deposit amount is Rs.100.

ParticularsDetails
Minimum Investment Amount ₹100

Maximum Investment AmountNo specific amount
Minimum Tenure 6 months

Maximum Tenure 120 months

Interest Payout Frequency Quarterly

 3. Dena Bank Maha Tax Bachat Yojna

The investors can avail tax benefit under section 80C of Income Tax. Any individual or Hindu Undivided Family (HUF) can invest a minimum amount of Rs.100, to avail the advantages of the scheme.

ParticularsDetails
Minimum Investment Amount ₹100

Maximum Investment Amount₹1,50,000
Minimum Tenure 5 years

Lock-in-period5 years

Exemption From Taxes Allowed

4. Dena Bank Senior Citizen Scheme
Any individual who has attained the age of 60 years can apply for the policy. An additional interest of 0.50% is paid out to all the senior citizens investing in this scheme.

Dena Bank Fixed Deposit Calculator

You can calculate the interest accrued on your deposit using the fixed deposit calculator. The calculator helps you mark out the amount of interest from the maturity value of the policy. You can know the exact amount of interest yielded. 
Just enter the amount of deposit, tenure and the rate of interest prevailing on that tenure to know the maturity value. 

Features and Benefits

  • Competitive interest rate
  • Several investment plans to choose from
  • Interest paid out at customer's demand
  • 0.50% extra interest paid to senior citizen

Dena Bank Fixed Deposit Application Form
To avail the facility of fixed deposit at Dena Bank you need to fill in the application form available at bank's official website and at all branch offices.
The following fields are to be necessarily filled:

  • Personal details
  • Details of joint holder, in case opening a joint account
  • Choose the type of account to be opened
  • Fill in the amount of investment and tenure of investment
  • Nomination details

Documentation:
Along with the application form you need to provide the following documents:

ID Proof Address Proof
Passport Passport

PAN CardTelephone Bill
Driving LicenseElectricity Bill

Voter ID ID Card Issued by Post Office

Government ID Card Bank Statement with Cheque
Senior Citizen ID Card Any other ID proof or address proof document can be submitted subject to bank's satisfaction

Personal Loan Interest Rates December 2017
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates December 2017
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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