Dena Bank Hikes Interest Rates on Fixed Deposits For Select Maturities

By Religare
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    Dena Bank hiked interest rates on fixed deposits in various time buckets with immediate effect, reported PTI.

    For retail term deposits in 7-45 days maturities interest rates have been increased by 100-175 points, the bank said.

    Dena Bank Hikes Interest Rates on Fixed Deposits For Select Maturities
    It however reduced rates on term deposits above 45 days by 25-50 basis points.

    For bulk deposits up to Rs 5 crore, short term rates are increased by 25 basis points to 225 basis points for maturity period up to 90 days whereas long term deposit rates are reduced by 25 basis points, it said in a release.

    The non-resident (external) NRE term deposit rate has been reduced by 25-50 basis points.

    The bank also reduced the rate of interest on FCNR (B)/ RFC for all maturity periods with effect from February 1.

    Read more about: dena bank
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more