Dena Bank has decided to re-launch its term deposit scheme 'DENA – 444' with a maturity tenor of 444 days for its retail customers.
The scheme offers a lucrative interest rate of 9.15 per cent per annum to the general public. Senior citizens will be offered interest rate of 9.65 per cent per annum.
The scheme, which would be available both on cumulative basis (interest compounded on quarterly basis) and non-cumulative basis, will be open for two months beginning May 1.