Dena Bank has cut its fixed deposit rates effective from May 5, 2009. Dena Bank is a public sector bank headquartered in Mumbai with over 500 branches.

With this change, Dena Bank has cuts the interest rates across various fixed deposit terms. The highest interest rate offered by Dena Bank is 7.75% for deposit terms of 3 to 5 years and 5 to 10 years. This rate applies to non-senior citizens. Senior citizens can get 8.25% for the same deposit periods. 

People will be better served to consider banks other than Dena Bank for their fixed deposits since there are many other banks offering more attractive interest rates on their fixed deposits. City Union Bank is offering the highest interest rate of 9.50% for non-senior citizens among all banks in India for fixed deposits. 

Visit Ratekhoj’s fixed deposits section to compare and get the highest interest rates currently.

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