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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
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First Published: Mon, Dec 24 2012. 06 38 PM IST
Senior citizens will get additional interest of half a percentage point over and above the card rate, Dena Bank says. Photo: Mint
Senior citizens will get additional interest of half a percentage point over and above the card rate, Dena Bank says. Photo: Mint
Updated: Mon, Dec 24 2012. 06 44 PM IST
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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First Published: Mon, Dec 24 2012. 06 38 PM IST
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