NEWS & ADVICE : FIXED DEPOSITS
Dena Bank to give increased interest rate on its 700 days deposit
By Vaibhav Aggarwal
Oct 8, 2008
Print    Email    RSS   

State-run Dena Bank declared an interest rate of 10.25% on its domestic term deposit of 700 days. However senior citizens would get a 0.50% higher interest rate for the deposits of similar maturity.

The interest rates on NRE rupee term deposits with a tenure ranging between one year and less than two years have also been revised from 3.17% to 4.46%.

The bank has also raised its interest rates on FCNR (B)/RFC term deposits in dollar (USD), Pound (GBP), Euro, Canadian (CAD) and Australian (AUD) dollars for the maturity period of one year and above but less than two years.

Under the new slab, interest rate on dollar deposits has been raised to 3.71% from 2.96%. The GBP deposit rate is increased to 6.27% as against the earlier 5.77% whereas on Euro deposit the rate has been revised to 5.24% from 5.08%.

On CAD, the new rate stands at 4.55% as against the earlier 3.42% and on AUD front the rate is increased to 7.55% from 7.22% earlier.

Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. The bank became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank offers all the latest services such as Any Branch Banking, Multi-City Cheque Facility, Telebanking, Electronic Fund Transfer to its customers.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Manage your FD in a better way
Know all about non-bank fixed deposits
A checklist of investment options for...
12 point conduct checklist for bank and...
The recent interest rate hike


how many rupees in my sbi account34309817454
I invest 4.5 lac in mis scheme in SBI how much...
FOR DEPOSIT OF 40,00000/- HOWMUCH IS MY INTEREST PER...
FEET @09780560514~@ Call GiRls ludhiana Female...
BaNg @~09780560514~@ Call GiRl In ludhiana EsCoRts...

NEWS THIS WEEK
SBI determined to continue retail banking in UK Oct 21, 2014
Axis Bank profit increased by 18% Oct 20, 2014
Axis Bank reduced its rate by 0.10% Oct 17, 2014
New FD rates of central Bank of India Oct 16, 2014
Cooperative banks should also actively participate in PMJDY Oct 15, 2014
News Archive