Public sector bank Dena bank has planned to launch its deposit scheme again. Dena bank is bringing up its deposit product Dena 444 in market again. The product offers maturity tenure of 444 days to its customers.
The scheme is very beneficial and its offers lucrative interest rates. For the common public the scheme offers 9.15% per annum rate of interest and for the senior citizens the rate of interest is 9.65% per annum.
The customers can avail the scheme from 1st May 2014 and will be available for the period of two months. The scheme will be available in both cumulative (interest compounded on quarterly basis) and non- cumulative basis both.