The Hindu Business Line : Dena Bank hikes term deposit rates

Dena Bank has increased interest rates on domestic term deposits by 25-50 basis points across various maturities, with immediate effect, said a press release from the bank. The revised rate on Rs 15-lakh deposits with maturity period of 30-45 days is 4.75 per cent (4.5 per cent); on 46-90 days, 5.5 per cent (5.25 per cent); one-year to less than two years, 6.75 per cent (6.5 per cent); two to less than three years, 7 per cent (6.5 per cent); three to less than five years, 7.25 per cent (7 per cent); and on five to 10 years, 7.25 per cent (7 per cent).

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