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Dena Bank hikes term deposit rates by 35 bps on 1-2 yr tenor

Last Updated: Monday, December 24, 2012 - 19:28

Mumbai: Dena Bank has increased the interest rates on term deposits by 35 basis points (0.35 percent) for maturity period of one year to less than two years,.

The new rates are effective from December 22, a bank release said.

According to the bank, it will now pay an interest rate of 9.10 percent on these tenors from 8.75 percent paid earlier.

PTI

First Published: Monday, December 24, 2012 - 19:28
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