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Oriental Bank of Commerce (OBC) is one bank where you can get a variety of Fixed Deposit (FD) options and great interest rates. The main advantage that this bank offers when compared to others is their diverse range of deposit options.
FD rates can be changed at the bank’s discretion with changes in market rate cycles. This can make it hard for depositors to ascertain the latest rates on offer from the bank and to choose the most beneficial scheme. OBC lets customers deposit savings and extra funds for varying tenures which can be for short terms, medium term, and long terms depending on individual requirements.
The below table lets customers view the latest rates offered by the bank. All changes made by the bank to any of its FD schemes is captured here on a real-time basis.The updated list of OBC Bank FD Rates, for General and Senior Citizen are listed below
Note: Oriental Bank of Commerce (OBC) have merged with Punjab National Bank from 1 April 2020
Tenure | Interest rate offered to general citizens (p.a.) | Interest rate offered to senior citizens (p.a.) |
---|---|---|
7 days to 14 days | 3.25% | 4.00% |
15 days to 29 days | 3.25% | 4.00% |
30 days to 45 days | 3.25% | 4.00% |
46 days to 90 days | 3.25% | 4.00% |
91 days to 179 days | 4.00% | 4.75% |
180 days to 270 days | 4.50% | 5.25% |
271 days to less than a year | 4.75% | 5.50% |
333 days | 4.75% | 5.50% |
1 year | 5.50% | 5.50% |
444 days | 5.50% | 6.25% |
555 days | 5.50% | 6.25% |
1 year 1 day to 2 years | 5.50% | 6.25% |
2 years 1 day to 3 years | 5.50% | 6.25% |
3 years 1 day to 5 years | 5.40% | 6.25% |
5 years 1 day to 10 years | 5.40% | 6.25% |
*The OBC Fixed Deposit rates tend to vary at the discretion of the bank. The rates of interest given here are valid as of 1st June 2020.
Tenure | Interest rate offered to general citizens (p.a.) |
---|---|
7 days to 14 days | 3.00% |
15 days to 29 days | 3.00% |
30 days to 45 days | 3.00% |
46 days to 90 days | 3.00% |
91 days to 179 days | 3.25% |
180 days to 270 days | 3.25% |
271 days to less than a year | 3.25% |
333 days | 3.35% |
1 year | 3.50% |
444 days | 3.50% |
555 days | 3.50% |
1 year 1 day to 2 years | 3.50% |
2 years 1 day to 3 years | 3.50% |
3 years 1 day to 5 years | 3.50% |
5 years 1 day to 10 years | 3.50% |
*The OBC Fixed Deposit rates tend to vary at the discretion of the bank. The rates of interest given here are valid as of 1st June 2020.
The interest rates for Oriental Bank of Commerce’s fixed deposits under Rs 1 crore have witnessed a cut. The public sector lender in a statement said the rates across maturities will now be from to 0.25%, with effect from Monday March 28, 2016.
For maturities with tenures 31 days to 45 days, the bank has slashed interest rate from 6% to 5.5% for deposits less than Rs 1 crore. In a similar way, for maturity tenures 46 days to 90 days maturity, interest rate is cut by 0.5% to 6%. The new interest rate for maturities 91 days to 179 days has been slashed by 0.5% to 6.25%.
Maturities with tenure one year to less than two years, have the new interest rate at 7.5% from 7.75%; tenures two years to less than three years are now available at 7.25%. Maturities with three years to less than five years term is 7.25%; for maturities with terms ranging from five years to 10 years the current interest rate applicable will be 7.25%.
25 March 2016
Oriental Bank of Commerce (OBC), a public sector bank cut its base rate, or minimum rate, by 0.1%. At the current rate of 9.90%, the EMIs will be lower for borrowers. The slashed base rate from 10 percent to 9.90% came into effect from August 17, 2015.
The bank has also cut the interest rate on fixed deposits by 0.25% which will be applicable on select maturities. The interest rates on term deposits between 91 days to 10 years shall also be reduced by 0.25 % which will be effective from October 5, 2015.
The slashed interest rate cuts are a result of the RBI revising its benchmark repo (short-term lending) rate by 0.50% in its 4th bimonthly monetary policy review.
9 October, 2015
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