Mumbai : Dena Bank, India’s trusted family bank, has decided to launch a new term deposit product called ‘DENA-444′ with maturity tenure of 444 days for it’s retail customers. The scheme will be open for a limited period from 10th February 2014 to 25th March 2014 — a window of only for 44 days.
The scheme offers lucrative interest rate of 9.15% per annum to general public. Senior citizens will be offered interest rate of 9.65% per annum. The scheme would be available on cumulative basis (interest compounded on quarterly basis) and non-cumulative basis at all branches of the bank.
Source :Lokesh Shastri