Dena Bank FD Interest Rates

Established in 1969, Dena Bank merged with Bank of Baroda in 2019. However, the bank operates as before the merger. Among other facilities, the bank offers fixed deposit schemes for its customers as an investment/savings option that attracts high interest rates. Dena Bank FD interest rates are flexible and one of the highest in the market. Let us explore them in detail.

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Senior Citizen FD Rates 2025
Guaranteed Return
Guaranteed Return
Includes Life Cover
Includes Life Cover
Completely Tax Free+
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%* (Tax-Free)

Guaranteed Plan

(By Insurance companies)
4.6%* (After Tax)

Fixed Deposit

(Offered by Banks)
4.0%*

Savings Account

(Post Office)
Get Guaranteed returns up to 6.9%*

Fully Tax-Free, Life Cover Included

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As a merchant, if you want to earn some extra profit, you can consider investing in the fixed deposit of Dena Bank. Throughout the year, the range keeps fluctuating but it remains a steady high.

Dena Bank Fixed Deposit

In a fixed deposit account, customers can deposit a predefined amount for a specific period of time. The investment fetches attractive interest rates during its tenure. While withdrawing money from the Dena Bank FD account, the investors receive total sum including principal and interest earned over time. The primary aim of fixed deposit accounts is to help customers earn greater profits and interest.

About Dena Bank Fixed Deposit Interest Rate Calculator

Dena Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

  • The amount that is invested

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total interest earned during the complete tenure

Dena Bank Fixed Deposit Rates in India

  1. For Domestic Deposits of Less than Rs 2 Crore w.e.f. 26 Dec 2022:

    Tenure Rate of Interest (p.a.) for General Public Rate of Interest (p.a.) for Senior Citizens
    7 days - 14 days 3.00% 3.50%
    15 days - 45 days 3.00% 3.50%
    46 days - 90 days 4.50% 5.00%
    91 days - 180 days 4.50% 5.00%
    181 days - 210 days 5.25% 5.75%
    211 days - 270 days 5.75% 6.25%
    271 days - Less than 1 year 5.75% 6.25%
    1 year 6.75% 7.25%
    Above 1 year - 400 days 6.75% 7.25%
    Above 400 days - Up to 2 years 6.75% 7.25%
    Above 2 years - Up to 3 years 6.75% 7.25%
    Above 3 years - Up to 5 years 6.25% 6.90%
    Above 5 years - Up to 10 years 6.25% 7.25%
    Above 10 years (MACT/MACADCourt Order schemes only)   6.25% 6.75%
    399 Days (Baroda Tiranga Plus Deposit Scheme) 7.05% 7.55%
  2. For Domestic Deposits of above Rs 2 Crore w.e.f. 26 Dec 2022:

    Maturity Period Dena Bank Fixed Deposit Interest Rates (% p.a.)
    7 days to 14 days 4.00%
    15 days to 45 days 4.00%
    46 days to 90 days 4.75%
    91 days to 180 days 5.00%
    181 days to 270 days 5.00%
    Above 271 days to less than 1 year 6.00%
    1 year 6.50%
    Above 1 year to 400 days 6.25%
    Above 400 days to 2 years 6.00%
    Above 2 years to 3 years 5.25%
    Above 3 years to 5 years 3.55%
    Above 5 years to 10 years 3.55% (applicable for deposits up to Rs 10 Crore)

    Note: Dena Bank FD rates for domestic deposits are applicable w.e.f. 26 December 2022 and are subject to change without any prior notice.

  3. For NRO Fixed Deposit w.e.f. Dec 22, 2022:

    Maturity Period Dena Bank Fixed Deposit Interest Rates (p.a.)
    Less Than Rs 2 Crore Rs 2 Crore & Above
    7 days to 14 days

    3.00

    3.00%
    15 days to 45 days 3.00 3.00%
    46 days to 90 days 4.50 3.00%
    91 days to 180 days 4.50 3.00%
    181 days to 270 days 5.25 3.15%
    Above 271 days to less than 1 year 5.75

    3.15%
    1 year 5.75 3.75%
    Above 1 year to 400 days 6.75 3.55%
    Above 400 days to 2 years 6.75 3.55%
    Above 2 years to 3 years 6.75 3.55%
    Above 3 years to 5 years 6.75 3.55%
    Above 5 years to 10 years 6.25 3.55% (applicable for deposits up to Rs 10 Crore)
  4. Bank of Baroda NRE FD Interest Rates on deposits less than Rs. 2 Crore (with premature withdrawal facility) w.e.f. 26 December 2022:

    Tenure Interest Rate (%)
    1 year 6.75
    Above 1 year to 400 days 6.75
    Above 400 days to 2 years 6.75
    Above 2 years to 3 years 6.75
    Above 3 years to 5 years 6.25
    Above 5 years to 10 years 6.25
    399 Days (Baroda Tiranga Deposit Plus Scheme ) 7.05
FD interest rates India have fallen consistently over the last 10 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years

In Conclusion

Dena Bank's FD interest rates are highly attractive for investors looking for a safe and profitable option. The bank offers highly competitive rates, which are quite lucrative under the fixed deposit scheme of Dena Bank. With their high interest rates and a commitment to compliance with RBI guidelines, Dena Bank's FD accounts remain an excellent choice for investors seeking a reliable and secure investment opportunity.

FAQ's

  • How do Dena Bank's FD interest rates compare to other banks?

    Bank FD Names For General Citizens (p.a.) For Senior Citizens (p.a)
    State Bank of India FD 3.00% to 6.75% 3.50% to 7.25%
    Dena Bank FD 4.00% to 6.30% 3.50% to 6.15%
    Indian Bank FD 2.80% to 6.50% 3.30% to 7.00%
    HDFC Bank FD 3.00% to 7.00% 3.50% to 7.75%
    ICICI Bank FD 3.00% to 7.90% 3.50% to 7.50%
    DBS Bank FD  2.50-7.25% 2.50-7.75%
    IDBI Bank FD 3.00% to 6.75% 3.50% to 7.50%
    Kotak Mahindra Bank FD 2.75% to 7.10% 3.25% to 7.60%
    RBL Bank FD 3.25% to 7.80% 3.75% to 8.30%
    KVB Bank FD 4.00% to 7.25% 5.90% to 7.65%
    Punjab National Bank FD 3.50% to 7.25% 4.00% to 7.75%
    Canara Bank FD 3.25% to 7.00% 3.25% to 7.50%
    Axis Bank FD 3.50% to 7.26% 3.50% to 8.01%
    Bank of Baroda FD 3.00% to 7.05% 3.50% to 7.55%
    IDFC First Bank FD 3.50% to 7.50% 4.00% to 8.00%
  • What are the tax benefits of investing in Dena Bank FD?

    Investing in a Dena Bank FD for a duration of five years or longer can result in tax benefits under Section 80C of the Income Tax Act, ranging from 100 to 1.5 lakh.
  • What is the minimum deposit amount required to open an FD account with Dena Bank?

    Investors are allowed to start with a minimum deposit of ₹100. There is no upper limit of investment in the fixed deposit schemes.
  • Can I withdraw my money before maturity of my Dena Bank FD account?

    When a Fixed Deposit is closed before the maturity, a penalty of 0.50% to 1% or reduced interest rate is commonly charged.
  • Can I open a joint FD account with Dena Bank?

    Dena Bank allows you to open joint FD accounts. The facility is available for married individuals, partners, roommates, senior citizens, and parents with children.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

FD Calculator

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