Dena Bank has increased its interest rates on domestic term deposits by 25 to 100 basis points for various maturities from 91 days to less than 5 years with effect from August 8.
Deposits for maturity of one year to less than three years will now earn interest rates of 9.5 per cent per annum.
The bank has also increased its basic prime lending rate by 75 basis points. However, it has not increased its interest rates for existing housing loans under Dena Niwas Scheme up to Rs 3 million and also all existing education loans under the differenct scheme.
