Dena Bank hikes term deposit rates by 25-75 bps

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Mumbai, June 30 (UNI) Taking a cue from other lenders revising their rates, Dena Bank today increased its interest rates on term deposits by 25 to 75 basis points with effect from July 4.

The deposits for two years and above would now earn interest rates of 9 per cent, the bank said in a release.

For senior citizens, the interest rate would be increased by 50 bps over and above the card rate for less than one year, by 75 bps for one to three years and 50 bps for three to five years, and 25 bps for five to ten year deposits, the bank added.

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