|Period||< 1 Cr|
|Interest Rate||Senior Citizen Rates|
|7 days to 14 days||4.00 %||4.50 %|
|15 days to 29 days||4.00 %||4.50 %|
|30 days to 45 days||4.50 %||5.00 %|
|46 days to 60 days||5.75 %||6.25 %|
|61 days to 90 days||5.75 %||6.25 %|
|91 days to 120 days||5.75 %||6.25 %|
|121 days to 179 days||5.75 %||6.25 %|
|180 days to 270 days||6.25 %||6.75 %|
|271 days to 364 days||6.25 %||6.75 %|
|365 days or 1 year||6.65 %||7.15 %|
|More than 1 year to less than 2 year||6.75 %||7.25 %|
|2 years to less than 3 years||6.60 %||7.10 %|
|3 years to less than 5 years||6.25 %||6.75 %|
|5 years to less than 8 years||6.30 %||6.80 %|
|8 years & up to 10 years||6.30 %||6.80 %|
Desclaimer: We are trying our best to provide you correct and updated information about Dena Bank FD rate but we can not guarantee that all the information on this page is 100% correct. If you find any mistake on this page then click here to inform us.
The Dena Bank is one of the Public Sector banks in India having the Corporate Office in Mumbai. The bank has been founded by DevkaranNanjee family on 26 May 1938. The erstwhile name of Dena Bank was DevkaranNanjee Banking Company Ltd which was later named as Dena Bank soon after it became a public limited company in 1939. It is also one amongst the banks which got nationalized in July 1969 along with 13 other banks.
The bank has grown from there and has reached the total number of over 1800 branches with pan India presence and a strong workforce of 13906 employees. The bank operates in every nook and corner of the country with such a large presence. The total centers covered by the bank are 1112 and a total of 31 states have been covered by the bank with its presence. The main concentration of the branches remains in the western region and UP. The branches down south are very less and the bank is opening the new branches in those areas where the bank has less presence.
The bank has the total business of Rs203242 Crore which is equivalent to 29.91 billion USD. The Bank has the total Deposit base of Rs117431 Crore which is equivalent to 17.28 billion USD. The bank has the advances (Loans) of 12.63 billion USD.
Along with the services being offered like any other Indian Bank, the bank also has become the new age bank and offers many services related to IT which is new platform for the banking nowadays. The bank claims to be the first bank for rating the banking services in relation to the customer experiences. The bank is one of the nationalized banks which offer the telebanking services. So in the IT initiatives, the bank has made efforts to woo its customers. The bank has the tagline of “Trusted Family Bank”.
The bank even though is relatively small in comparison to its peers, it promises many things. The bank has higher CASA percentage in comparison to many other banks and stand at 29.27% of the deposits which the bank possesses. Hence the higher CASA deposits have reduced the cost of funds for the bank from 7.71 to 7.25%. This is a good sign of the bank and recently the bank has raised its CRAR level which is a measurement for the soundness of the bank to 11% which is to be raised to 11.50% as per RBI guidelines till March 2019.
The bank offers the loan services in every field where the other banks have the presence. The bank has adopted the MCLR system as per the RBI guidelines and has the MCLR rates ranging from 9.25% to 9.55% as of now. The MCLR of Dena Bank is at par with the banking industry standards as of now. At present the bank is offering an attractive interest rate concession of 0.10% to women for buying the cars or any other four wheeler and hence promoting the gender based concessional rates in loans. The bank at present is offering the similar concession but of higher amount to women professionals like Chartered Accountant and CFAs or Company Secretary to the extent of 0.25%. So if you are a woman and fall under the category , what are you waiting for.. Go Dena!
Dena Bank has also focused on the primary sector and the bank has registered a whopping growth of 37.50% in the agricultural advances. This shows the commitment of the bank towards the priority sector and also towards the development of rural India as per the line of thought of the union government.