The popular and of course the smartest choice of investors has been FD’s ever since. The interest rates provided depend on both the period and amount of your investment.
For example, it varies from 6.50-7.00% for a period of 6 months to one year or for less than one crore and 1-5 crore, the minimum being 2.75 for 6-9 months for any amount up to crore and maximum 3.00% for 9 months to 1 year below one crore increases to 4.00 for 1-5 crore.
For CorpBank: Corporation Bank Fixed deposit interest rates
The perfect period for investment with Dena bank is 2-5 years because of the luring 7.25 percent interest rate. If you are a senior then you can avail an extra sum of money owing an additional .50 percent interest rate for senior investors.
For a period above 5 years the rate of interest falls down to 7.00% because of the uncertainty of the repo rates in future which is true for any Indian banks.
For saving accounts, Dena Bank provides 4% interest rates. Below interest rate effective from 21 November, 2016.
Dena bank Fixed deposit interest rates For All amount (domestic/NRO):
|TIME PERIOD||INTEREST RATES|
|For Deposits Below 1 Crore||For Deposits Above 1 Crore|
|7 – 14 Days||4.50||1.50|
|15 – 30 Days||4.50||1.50|
|31 – 45 Days||5.00||1.75|
|46 – 60 Days||5.75||2.00|
|61 – 90 Days||5.75||2.25|
|91 Days – 180 Days||6.00||2.75|
|181 Days – 270 days||6.50||3.00|
|271 Days – 1 year||7.00||3.50|
|1 Year – 2 Years||7.00||4.00|
|2 Years – 3 Years||7.25||4.00|
|3 Years – 5 Years||7.25||4.00|
|5 Years – 10 Years||7.00||4.00|
Dena Bank NRE Deposit rates:
|Maturity Period||Below 1 Crore||1-5 crore||Above 5 crore|
Table updated: 4 January, 2017
From Table, You can see Dena Bank provides higher Fixed deposit interest for the time interval 1 Years to 5 years.
- Additional interest rate for senior citizens & staff is not applicable for NRE & NRO deposits.
- Deposit rates are same for both domestic and NRO term deposits.
For extra details, Please visit official website of Dena Bank @ http://www.denabank.com/viewsection.jsp?id=0,3,21,125