Dena Bank FD Calculator
For Domestic Deposits of Less than Rs 2 Crore - General Public
| Maturity Period | General Public |
| 7 days to 14 days | 2.90% |
| 15 days to 45 days | 2.90% |
| 46 days to 90 days | 3.90% |
| 91 days to 180 days | 3.90% |
| 181 days to 270 days | 4.40% |
| Above 271 days to less than 1 year | 4.40% |
| 1 year | 5.10% |
| Above 1 year to 400 days | 5.10% |
| Above 400 days to 2 years | 5.10% |
| Above 2 years to 3 years | 5.10% |
| Above 3 years to 5 years | 5.30% |
| Above 5 years to 10 years | 5.30% |
Note: The FD interest rates are effective as of 2 June 2021
For Domestic Deposits of Less than Rs 2 Crore - Senior Citizens
| Maturity Period | Senior Citizens |
| 7 days to 14 days | 3.40% |
| 15 days to 45 days | 3.40% |
| 46 days to 90 days | 4.40% |
| 91 days to 180 days | 4.40% |
| 181 days to 270 days | 4.90% |
| Above 271 days to less than 1 year | 4.90% |
| 1 year | 5.60% |
| Above 1 year to 400 days | 5.60% |
| Above 400 days to 2 years | 5.60% |
| Above 2 years to 3 years | 5.60% |
| Above 3 years to 5 years | 5.80% |
| Above 5 years to 10 years | 6.30% |
Note: The FD interest rates are effective as of 2 June 2021
For Domestic Deposits of Above Rs 2 Crore
| Maturity Period | Interest Rates (% p.a.) |
| 7 days to 14 days | 3.00% |
| 15 days to 45 days | 3.00% |
| 46 days to 90 days | 3.00% |
| 91 days to 180 days | 3.00% |
| 181 days to 270 days | 3.15% |
| Above 271 days to less than 1 year | 3.15% |
| 1 year | 3.75% |
| Above 1 year to 400 days | 3.55% |
| Above 400 days to 2 years | 3.55% |
| Above 2 years to 3 years | 3.55% |
| Above 3 years to 5 years | 3.55% |
| Above 5 years to 10 years | 3.55% (applicable for deposits up to Rs 10 Crore) |
Note: The FD interest rates are effective as of 31 August 2021
For NRO Fixed Deposit
| Maturity Period | Dena Bank Fixed Deposit Interest Rates (p.a.) | |
| Less Than Rs 2 Crore | Rs 2 Crore & Above | |
| 7 days to 14 days | 2.90% | 3.00% |
| 15 days to 45 days | 2.90% | 3.00% |
| 46 days to 90 days | 3.90% | 3.00% |
| 91 days to 180 days | 3.90% | 3.00% |
| 181 days to 270 days | 4.40% | 3.15% |
| Above 271 days to less than 1 year | 4.40% | 3.15% |
| 1 year | 5.10% | 3.75% |
| Above 1 year to 400 days | 5.10% | 3.55% |
| Above 400 days to 2 years | 5.10% | 3.55% |
| Above 2 years to 3 years | 5.10% | 3.55% |
| Above 3 years to 5 years | 5.30% | 3.55% |
| Above 5 years to 10 years | 5.30% | 3.55% (applicable for deposits up to Rs 10 Crore) |
Note: The FD interest rates are effective as of 31 August 2021
For NRE Fixed Deposit
| Maturity Period | Dena Bank Fixed Deposit Interest Rates (p.a.) | ||
| Less Than Rs 2 Crore | Rs 2 Crore to Rs 10 Crore | Above Rs 10 Crore to Rs 50 Crore | |
| 1 year | 5.10% | 3.75% | 3.75% (applicable for deposits above Rs 1000 Crore) |
| Above 1 year to 400 days | 5.10% | 3.55% | 3.55% |
| Above 400 days to 2 years | 5.10% | 3.55% | 3.55% |
| Above 2 years to 3 years | 5.10% | 3.55% | 3.55% |
| Above 3 years to 5 years | 5.30% | 3.55% | NA |
| Above 5 years to 10 years | 5.30% | 3.55% | NA |
Note: The FD interest rates are effective as of 31 August 2021
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Dena Bank FD Calculator
Dena Bank has been merged with the Bank of Baroda in April 2019. So, as per the RBI regulations, all Dena Bank fixed deposits have been transferred to Bank of Baroda. It is always beneficial to estimate the interest return from an FD before investing. In this regard, choosing an online Dena Bank FD calculator can be a viable option.
Scroll down to know more about Dena Bank FD rates and online calculator.
Dena Bank Fixed Deposit (FD) Calculator
Dena Bank comes with flexible investment tenures to make the fixed deposit scheme convenient for every individual. You can start with a minimum tenure of 7 days and can extend up to 10 years and above. Dena Bank fixed deposit rates start from a minimum of 3% and it can be as high as 7.05% for general citizens depositing less than ₹2 crore. Resident senior citizens get an additional 0.50% rate.
However, the difference in interest rate depends on how long your funds are being invested for. You can earn the highest interest rate of 7.05% for a tenure of 399 days. However, when you invest for a period of 400 days and more but less than 2 years, you earn 6.75%. This frequent change in interest rate may seem confusing making manual interest calculation complicated.
Manual calculations using complex formulas for FD returns can be tedious and prone to errors. You can save time and assess accurate returns by using online Dena Bank FD calculators.
Let’s take a look at its usage and working principle!
How does the Dena Bank FD Calculator Work?
A Dena Bank FD calculator comes with a simple user interface. So, the steps you need to follow for calculating FD returns with this tool are much easier. Here are they:
1. Click on the “Total Investment” column and fill it with the amount you want to invest in FD
2. Enter the investment tenure on the box next to “Number of years” tab
3. Provide the ROI levied on the chosen tenure in the ‘Interest Rate’ box
4. Find your result on the same page. The “Estimated Return” stands for the interest accrued and “Total Value” stands for the maturity amount.
The result is demonstrated in a pie chart for better understanding. Moreover, you can compare the returns from different investment tenures by altering the figure.
Usually, FD interests are calculated using a simple interest and a compound interest formula.
The simple interest formula goes as follows:
M= P+ (PXRXT/100)
Here is the compound interest formula:
A = P (1 + r/n) ^ nxt
In the above formula, ‘A’ stands for the maturity amount including interests earned on the initial investment
‘P’ is your initial investment usually identified as the principal amount
‘r’ denotes the annual rate of interest according to the investment tenure
‘n’ stands for the frequency of compounding interest
‘t’ is the duration for which you are investing a certain amount in FD
Benefits of An Online Dena Bank FD Calculator
This online tool comes with several mentionable features along with ease of usage. Here are the top benefits of a Dena Bank FD calculator:
- Convenient
Calculating FD interest via this online tool is easy and quite convenient. You can get the results promptly and accurately. Everything can be done from the comfort of your home at your convenient time. - Accurate
The best part is it provides 100% accurate results with zero chances of miscalculation when you use this online tool. The only thing you need to do is enter the inputs in the required fields and receive the correct output. - Helps in Investment Decisions
It allows you to compare the interests earned from multiple investment scenarios to help you make decisions accordingly. For instance, the FD rate for a tenure between 271 days and less than 1 year is 5.75%. However, when the tenure is 1 year, you can earn an interest of 6.75%. Dena Bank FD calculator makes it super-easy to calculate the interests earned in both scenarios. So, you can choose the tenure wisely.
The Upstox Dena Bank fixed deposit calculator helps you take better financial decisions. Consequently, you can set proper investment goals as per your ability. Moreover, you don’t need to pay a fee or enter any personal details. Simply enter the required details, pick a suitable FD scheme and get on.
Frequently Asked Questions
What is the highest FD interest rate by Dena Bank on their FDs?
Dena Bank offers the highest interest rate of 7.05% for general citizens and 7.55% for senior citizens. This rate is applicable for investment amounts below ₹2 crore.
What is the minimum fixed deposit investment amount for Dena Bank fixed deposits?
You can start investing in Dena Bank fixed deposits with a minimum of ₹10,000.
Can I deposit an extra amount into an already existing FD?
You can invest in fixed deposits at a time while opening the account. It does not accept any additional amount in between. However, you can renew the same account after its maturity period and invest again.
Can I close a Dena Bank fixed deposit account online?
You need to visit the branch where you have opened your Dena Bank fixed deposit account to close it.
Does Dena Bank provide an auto-renewal facility for fixed deposits?
You can avail the auto-renewal facility for Dena Bank fixed deposits. However, this feature applies to deposits in units of ₹1,000.
Who are eligible to open an FD at Dena Bank Fixed?
Every Indian citizens and HUFs are eligible to open a fixed deposit account in Dena Bank. However, if you are opting for a joint FD account make sure it holds both the consumers’ names.
What is the lock-in period for Tax Saving Scheme?
The minimum lock-in period for Tax Saving Fixed Deposit Scheme is 5 years.
Does Dena Bank provide any special rates for senior citizens?
Dena Bank offers an additional interest of 0.50% for senior citizens (above 60 years) on the general citizen rates. For instance, if the interest levied on 1-year investment tenure is 6.75% for general customers, it is likely to be 7.25% for senior citizens.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.