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Business News/ Money / Banking And Loans/  Dena Bank hikes 1-2 year deposit rates by 35 bps
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Dena Bank hikes 1-2 year deposit rates by 35 bps

Dena Bank will now offer 9.1% interest for deposits, against 8.75% offered earlier, with effect from 22 December

Senior citizens will get additional interest of half a percentage point over and above the card rate, Dena Bank says. Photo: Mint (Mint)Premium
Senior citizens will get additional interest of half a percentage point over and above the card rate, Dena Bank says. Photo: Mint
(Mint)

Mumbai: State-run lender Dena Bank on Monday raised interest rates offered on 1-2 year deposits by 35 basis points (bps) with effect from 22 December.

One bps is one-hundredth of a percentage point.

The bank will now offer 9.1% interest for deposits with one to two year maturity as against 8.75% offered earlier.

Senior citizens will get additional interest of half a percentage point over and above the card rate, the bank said in a release.

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Published: 24 Dec 2012, 06:38 PM IST
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