Dena Bank term deposit scheme

Dena Bank has re-launched its term deposit scheme “DENA – 444” with maturity tenor of 444 days for its retail customers. The scheme offers interest rate of 9.15 per cent a year. Senior citizens will be offered an interest rate of 9.65 per cent. The scheme, which would be available both on cumulative basis (interest compounded on quarterly basis) and non-cumulative basis, is open for two months, beginning Thursday (May 1).