How to find the best rates for a Fixed Deposit
Dena Bank is a public-sector bank offering a number of banking products and services to customers within the Indian banking space. Dena Banks FD schemes come with varying options such as tiered interest rates and differing holding periods to suit a customers investment, savings, and liquidity needs.
Dena Banks fixed deposit interest rates are captured in the table above to provide for easy, real-time comparisons. All changes made to these rates are monitored and reflected on a real-time basis.
Dena Bank Short-Term FD Rates
The shortest period that a fixed deposit can be held with Dena Bank for is 7 to 14 days at an interest rate of 6.5% per annum for deposits under Rs. 1 Cr. For deposits made in excess of Rs. 1 Cr the interest rate will be 7%.
The best rate offered by them is 8.75% per annum for deposits made for periods of 1 year; for amounts under Rs. 1 Cr. For amounts higher than Rs. 1 Cr the interest rate is 8.5% per annum.
Dena Bank Medium and Long-Term FD Rates
For deposit amounts of less than Rs. 1 Cr the interest rates are 8.5% per annum up to 8 years and 8.25% per annum for periods of 8 to 10 years. For amounts larger than Rs. 1 Cr the interest rates offered are 8.5% per annum for up to 5 years and 8.25% per annum for durations between 5 and 10 years.
Dena Bank Senior Citizen Interest Rates
All senior citizen customers of Dena Bank are offered a 0.50% increase on existing rates across all deposit schemes. This puts the range of returns for this category of customers between 7% and 9.25% per annum, depending on the chosen tenure.
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