Dena bank Safix deposit schemes:
• This is a Dena bank savings account which also functions as fixed deposit account.
• Whenever the amount in the account exceeds the Rs. 25,000, the rest of the amount in the multiples of Rs. 5000 gets converted into fixed deposits which is be entitled to earn higher interest rate.
• In case the Funds in the savings bank account are insufficient then the amount from the fixed deposit account will be directly transferred to the savings accounts balance, again as multiples of Rs. 5,000, which then can be withdrawn.
• Dena Bank offers debit card facility with the savings accounts. However, the bank does not offer overdraft facility, internet banking or any mobile or phone banking. Fees and other charges:…show more content… Alpa Bacahat Khata:
• Depending on the situation the bank may allow a maximum of 6 Pay Orders/Demand Drafts/M.T (all taken together, each not exceeding Rs. 2,500) can be issued.
• This savings account with Dena Bank can be opened with initial deposit of Rs 10. This Dena Bank savings account does not have required any minimum balance to be maintained. It can also operate from zero balance onwards.
• Individual above 10 and below 18 years of age, who can read and write can open minor savings account, the terms and conditions applicable on minor Savings account will be applicable.
• If the bank allows, then 6 cheque instruments can be collected during a year, each not exceeding Rs. 2,500.
• Third party cheques shall not be collected.
• Neither ATM nor cheque books will be issued with this savings account from Dena bank. Dena Stree…show more content… • Loan facility: Up to 85% of deposit amount.
• Dena Bank Senior Citizen's Scheme is open to individuals, who have completed 60 years of age.
• The savings accounts can be opened in the sole name of the individual (with nomination facility) and/or in joint name.
• In case where joint account holder is a person below the age of 60 Years, the name of Senior Citizen to be given as first name in the application form. Dena freedom deposit scheme:
• Cheque book facility is available with this kind of Dena savings account
• 90% of the initial amount deposit can be withdrawn as overdraft
• The savings bank accounts from Dena bank ensures that your money is neither blocked nor your are stuck with time consuming paperwork and the complexities involved in it
• Minimum deposit of Rs 10,000 is required to be maintained and which is automatically renewed in the multiples of Rs 1000
• The deposit tenure is from 1 to 5 years and on the deposit amount compound interest is applicable.
Documentation for Dena bank savings account:
• Valid Passport
• Voter's Identity Card
• Valid Driving License
• Aadhar Letter/Card
• NREGA Card
• PAN