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Dena Bank FD Rates

Dena Bank is one of the most well-known public sector banks in the country. It is combined with Bank Of Baroda now. It allows customers to choose from a wide range of FD options and apply for deposit schemes. It also provides customers the convenience of opening a deposit online. Dena Bank provides various services and banking products for its customers. Moreover, Dena bank FD rates are attractive in returns and provide flexible tenures. It helps to invest according to the customer convenience savings and wealth creation goals. Dena Bank gives huge profit interest and high security in its FDs. It provides a profitable interest rate for each individual.

Features & Benefits Of Dena Bank FD Rates

Here are the features & benefits of Dena Bank FD Rates-

  • Minimum deposit amount : Rs.10,000
  • Available auto-renewal facility of deposits Rs.1,000
  • Cumulative interest payout
  • Compound interest is calculated
  • Maturity period range: 1 year to 10 years
  • It provide various investment plans to choose from
  • Offers high interest rates of 0.50% for senior citizens as compared to regular citizens.
  • Available Easy and fast liquidity options.
  • It also provides Nomination facility.

 

Dena Bank FD Rates 2021

Tenure Dena Bank FD Interest Rates (p.a.)
Days/Years Regular Citizens Senior Citizens
7 days to 14 days 2.90% 3.40%
15 days to 45 days 2.90% 3.40%
46 days to 90 days 3.90% 4.40%
91 days to 180 days 3.90% 4.40%
181 days to 270 days 4.40% 4.90%
271 days or above and less than 1 year 4.40% 4.90%
1 year 5.10% 5.60%
More than 1 year to 400 days 5.10% 5.60%
More than 400 days and up to 2 Years 5.10% 5.60%
More than 2 Years and up to 3 Years 5.10% 5.60%
More than 3 Years and up to 5 Years 5.30% 5.80%
More than 5 Years and up to 10 Years 5.30% 5.80%

Who is Eligible for Dena Bank Fixed Deposit?

Mentioned below are the persons who are eligible to invest in Dena Bank fixed deposits (FD):

  • Individual
  • Minor
  • HUF
  • Proprietary Firm
  • Partnership Firm
  • Limited Liability Partnership (LLP)
  • Company
  • Association of Persons (AOP)
  • Body of Individuals (BOI)
  • Local Authority
  • Trust
  • Non-Resident Indian (NRI)
  • Registered Society

 

How To Calculate Dena Bank FD Rates

Dena Bank FD Calculator helps you to calculate the interest accrued on your fixed deposit. This calculator checks the interest amount from the maturity value of the policy. Using Dena Bank FD Calculator offers you exact, error-free, and accurate results.

You need to enter the deposit amount, tenure, and the rate of interest that occurred on the tenure to know the maturity value. Moreover, there are many online sites that help you to instantly calculate the Dena Bank FDs interest rates earned on your FD. You can use such online methods to calculate the interest generated on your Dena Bank FDs.

Factors Affecting Dena Bank Fixed Deposit Rates

Here are the factors that affect Dena Bank FD Rates-

  • For short-term holding of fixed deposits, the returns are pegged at 4.5% per annum for the time period of 7-14 days. For the deposits made under Rs 1 Crore, it is applicable and the rate of interest is calculated at 7% per annum if the deposits exceed the Rs 1 Crore mark
  • The interest rate is calculated at 7.25% per annum for the holding period of eight years, and it is related to the deposits made under Rs 1 Crore. Moreover, Dena Bank FD interest rate is calculated at 7.25% for the deposits more than Rs 1 Crore for the five years of holding period, and for the tenure of 5-10 years, it is reduced to 7% per annum.
  • Dena Bank Fd rates also provide an extra 0.5% of interest for the senior citizens on their fixed deposits rates and schemes. Moreover, under this category, the senior citizens can avail high-interest returns ranging between 4.5%-7.8% depending on their tenure plans.

 

FAQs:

What is Dena Bank's highest fixed deposit interest rate?

Dena Bank provides the highest fixed deposit interest rate of 5.25%.

In how many years Dena Bank fixed deposits will double?

In Dena Bank FDs, it depends on the deposit that you have and the interest rate.

Is it possible to change the tenure of my existing account in Dena Bank fixed deposit?

No, you cannot change the tenure of the account once you open a fixed deposit

Are there any special rates Dena Bank fixed deposits provide for senior citizens?

Yes, Dena Bank provides a higher interest rate of 0.5%for senior citizens on their fixed deposits.

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