Dena Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of Dena Bank

Last Updated 21st Feb 2017
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.50% 5.00%
15 days to 29 days 4.50% 5.00%
30 days to 45 days 5.00% 5.50%
46 days to 60 days 5.75% 6.25%
61 days to 90 days 5.75% 6.25%
91 days to 120 days 6.00% 6.50%
120 days to 179 days 6.00% 6.50%
180 days to 270 days 6.50% 7.00%
271 days to 364 days 7.00% 7.50%
365 days 7.00% 7.50%
1 year 1 day to 1 year 364 days 7.00% 7.50%
2 years to 2 years 364 days 7.00% 7.50%
3 years to 4 years 364 days 7.00% 7.50%
5 years to 7 years 364 days 7.00% 7.50%
8 years to 10 years 7.00% 7.50%
Read Latest News on Dena Bank Here
  • Dena Bank offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with Dena Bank is typically compounded quarterly.
  • Dena Bank accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), Dena Bank offers higher interest rate over and above rates mentioned below.
Calculate Dena Bank
FD Maturity Amount

Dena Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Dena Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Dena Bank FD

  • Dena Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Dena Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Dena Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Dena Bank in your city - Find Dena Bank Branches here

About Dena Bank

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News - Feb 2017
01st Sep 16 Dena Bank has reduced its MCLR from 1st September, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) by 5 basis point (bps) across maturities. The 1 year MCLR has been reduced to 9.45 percent from the current rate of 9.5 percent. The 3 month and 6 month MCLR has been reduced to 9.25 percent and 9.35 percent respectively. Similarly the Overnight MCLR has been reduced to 9.05 percent. These changes are effective from 1st September, 2016. . For borrowers who have taken a home loan from Dena Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken home loan at fixed interest rate then your interest expense will remain unchanged.
01st Aug 16 Dena Bank has reduced its MCLR from 1st August, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) across maturities, effective from 1st August 2016. The 1 year MCLR has been reduced by 5 basis points from 9.55 percent to 9.5 percent. The 3 month and 6 month MCLR has been reduced by 10 basis points to 9.3 and 9.4 percent respectively. Similarly the overnight and 1 month MCLR has been reduced by 15 basis points to 9.1 and 9.2 percent respectively. If you are a borrower of the Dena Bank and have taken loan after 1st April 2016, the reduction in loan rates should result in a lower interest burden and lower EMIs. However, if you have taken loan at fixed interest rate then you will not able to benefit by the rate cut.
13th Jun 16 Dena Bank reports Net Loss of Rs326.38 crore for Q4FY16
As per the result for Q4FY16, Dena Bank has reported Net Loss of of Rs.326.38 crore as the bank had to provide for higher provisions against bad loans. The loss was on account of a tax write-back of Rs.340.86 crore in the March quarter. The bank reported increase in Net Interest Income (NII) by 2.7 percent to Rs.625.17 crore, when compared on yoy basis. Non Interest Income of the bank also increased by 7.21 percent to Rs.215.87 crore. The Asset Quality showed signs of deterioration during the current quarter as Gross NPA in March quarter increased to 9.98 percent from 5.45 percent in year ago period. Net NPAs increased to 6.35 percent against 3.82 percent in previous quarter. Provision for NPA increased to 200 percent in March quarter to 1094.24 crore when compared on yoy basis.
14th May 16 Dena Bank reports net loss of Rs. 326.38 crore for the March quarter
Dena Bank reported a net loss of Rs. 326.38 crore for the March quarter due to higher provisions for bad loans. The loss was restricted due to a tax write back of Rs. 340.86 crore in the quarter. The lender reported a profit of Rs. 55.82 crore in the March 2015 quarter. Bad loans continued to rise as banks reclassified stressed assets. Gross NPAs surged to Rs. 8560.49 crore at the end of the March quarter.
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