Checklist/requirement for opening OBC FD account
|Deposit Amount:||Rs.1 lakh|
|Rate of Interest:||5.20%|
|Total Interest Earned:||Rs.5,200|
You can use the FD calculator facility provided by BankBazaar to check the maturity amount and the interest you will be earning. Here in the case mentioned above, if you deposit Rs.1 lakh for a period of 1 year, then the total interest earned will be Rs.5,200 and the total maturity amount will be Rs.1,05,200. The rate of interest offered in this case by the lender is 5.20% for a period of 1 year and it compounded on a monthly basis.
You can call on the toll-free number 0120-2580001 in case of any query. A customer care executive will get in touch with you and will help you with your inquiry.
The interest rate offered by the lender ranges between 3% p.a. and 5.30% p.a. This rate is applicable for deposits less than Rs.2 crore.
Yes, senior citizens will earn 0.50% extra interest on their deposits which are Rs.2 crore and less. The rate of interest range between 3.50% p.a. and 5.80% p.a.
On 1 April 2020, Punjab National Bank, United Bank of India, and Oriental Bank of Commerce were merged. Hence, the interest rate offered by OBC is the one set by Punjab National Bank.
You can open an FD account with tenure ranging between 7 days and 10 years. The interest rate charged will also depend on the tenure chosen by you.
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