Dena Bank Fixed Deposit - FD Interest Rates, Calculator - Wishfin

Dena Bank Fixed Deposit

About Dena Bank Fixed Deposit

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 interested 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

Interest Rate on Term Deposits (w.e.f. 10.02.20)
TenureBelow ₹2 Cr.
7 days to 14 days4.50%
15 days to 45 days4.50%
46 days to 90 days5.00%
91 days to 180 days5.00%
181 days to 270 days5.50%
271 days & above and less than 1 year5.50%
1 year6.00%
Above 1 year and 400 days6.00%
Above 400 days and upto 3 Years6.00%
Above 3 Years and upto 5 Years6.25%
Above 5 Years and upto 10 Years6.00%

Note – Additional interest rate of 0.50% for senior citizens for deposits less than 2 crores

TenureRate of Interest for amount ₹ 2 Crore to ₹ 10 CroreRate of Interest for amount Above ₹10 crore to ₹ 25 croreRate of Interest Above ₹ 25 Crore To ₹ 50 CroreRate of Interest Above ₹ 50 - 100 CroreRate of Interest Above ₹100 crore
7 days to 45 days4.30% p.a.4.30% p.a.4.30% p.a.4.30% p.a.4.30% p.a.
46 days to 90 days4.75% p.a.4.75% p.a.4.75% p.a.4.75% p.a.4.75% p.a.
91 days to 180 days4.75% p.a.4.75% p.a.4.75% p.a.4.75% p.a.4.75% p.a.
181 days to 270 days5.00% p.a.5.00% p.a.5.00% p.a.5.00% p.a.5.00% p.a.
271 days & above and less than 1 year5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.
1 year5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.
Above 1 year to 3 years5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.
Above 3 years to 5 years5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.5.10% p.a.
Above 5 years to 10 years5.10% p.a.********
(Rates Effective from February 10, 2020)

Dena Bank Fixed Deposit Schemes

1. Dena Bank Freedom Deposit Scheme

Under this scheme, the customer is free to withdraw up to 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 ₹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 ₹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.

ParticularsDetails
Minimum Investment Amount ₹1,000

Maximum Investment AmountNo specific amount
Minimum Tenure 15 days

Maximum Tenure 10 years

Loan/Overdraft Facility Upto 85%
Interest Payout Frequency Monthly, quarterly, half-yearly and yearly
Nomination Facility Available

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

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.

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 net banking and phone banking services.

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

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