Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
  • loading

    Overview of Oriental Bank Fixed Deposit

    We found 4 Overview of Oriental Bank Fixed Deposit

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know

    Overview of Oriental Bank Fixed Deposit is Rated as "Excellent!" by 16 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About Oriental Bank of Commerce:

    Oriental Bank of Commerce more popularly known as OBC is a public-sector bank in India. The bank was established in 1943 in Lahore, a city which now belongs to Pakistan. Later, the bank shifted its headquarters from Lahore to Amritsar. OBC was nationalized in 1980. Since then the bank has spread out with nearly 1,092 branches across the country.

    Oriental Bank of Commerce offers a wide range of products and services which include Personal Banking, Corporate Banking, Wealth Management, International Banking, MSME Banking, Equity Trading, NRI Services etc.

    Oriental Bank of Commerce Fixed Deposits:

    OBC offers fixed deposits at competitive rates of interest by investing in which you can get maximum returns on your savings. A fixed deposit account is a financial product that ensures higher returns on your savings than a normal savings account. Normally, you are not allowed to withdraw your fixed deposit funds before the maturity date; however, with prior notification to the bank and paying a penalty fee, you are can withdraw money held in your fixed deposits with OBC. The bank offers different types of FDs viz. flexi fixed deposits, tax saver fixed deposits and normal fixed deposits.

    Features of Oriental Bank of Commerce Flexi Fixed Deposit Scheme:

    Fixed deposits offered by Oriental Bank of Commerce come with many attractive features. Mentioned below are some of the key features of OBC Flexi Fixed Deposits:

    • An Individual can open it either jointly or singly.
    • OBCs staff members and ex-staff members, pensioners and senior citizens are allowed to open their FD accounts with OBC under this scheme, provided they have existing savings/current accounts with OBC.
    • An applicant needs to have an operative account (savings/current) at OBC to open a fixed deposit account.
    • Only resident Indians are allowed to open fixed deposit accounts under this scheme.
    • Senior citizens can also open their FD accounts with OBC under this scheme.

    Features of OBC Normal Fixed Deposits:

    • The bank offers NRE, NRO and FCNR term deposits for NRIs.
    • Fixed deposits are accepted for a minimum period of 7 days and a maximum period of 10 years.

    Oriental Bank of Commerce FD Eligibility:

    Resident Indians, senior citizens, members of HUF and NRIs are eligible to open their fixed deposit accounts with Oriental Bank of Commerce.

    Minimum/Maximum amount required to open an FD account with OBC:

    The bank accepts deposits up to ₹ 1 crore and above.

    Minimum/Maximum deposit tenures of OBC FDs:

    You can invest in fixed deposits offered by OBC for a minimum period of 7 days and a maximum period of 10 years. However, in case of flexi fixed deposits offered by OBC, the maximum period of deposit should not be less than 5 years.

    Oriental Bank of Commerce FD Interest Rates:

    Oriental Bank of Commerce offers attractive rates of interest on its fixed deposit accounts. For domestic term/fixed deposits, the highest rate of interest offered by the bank is 8.60% and the lowest rate of interest for the same is 4.00%. For NRO term deposits, the highest rate of interest offered by the bank is 8.51% and the lowest rate of interest is 4.00%. However, these interest rates are subject to change without giving prior notification to customers.

    Are Loans Provided Against FDs at Oriental Bank?

    Oriental Bank of Commerce provides loans against its fixed deposit accounts to meet your personal and business related needs. You can get loans against your self-term deposits and third party term deposits opened with OBC. The maximum amount of loan sanctioned by the bank is ₹ 500 lakhs. However, the bank offers ₹ 100 lakhs as the maximum amount for loan against NRE term deposits. OBC does not offers loan against deposits opened with other banks.

    Does Oriental Bank of Commerce Charge Premature Withdrawal of FDs?

    The bank does not charge any penalty fee for premature withdrawal/closure of fixed deposits up to ₹ 5 lakhs. There is no penalty fee for premature closure in all maturity slabs.

    Does Oriental Bank of Commerce Allow Pre-mature Renewal of FDs?

    Yes, the bank allows premature renewal of its fixed deposits. The depositor can renew the deposit by applying for premature closure of an existing term deposit account. Then, the bank will allow renewal on request at the rate of interest applicable on the date of renewal. However, the depositor needs to renew the deposit for a longer period than the balance period of the original deposit

    Oriental Bank of Commerce FD for Senior Citizens:

    OBC allows senior citizens to open their fixed deposit accounts with it. However, they are allowed to open their accounts under the banks Flexi Fixed Deposit Scheme and Oriental Bank Tax Saving Term Deposit Scheme. The bank offers additional rates of interest for senior citizens on their fixed deposit accounts.

    Does Oriental Bank provide Tax Saver Fds?

    OBC provides tax saver fixed deposits under its Oriental Bank Tax Saving Term Deposit Scheme. Under this scheme, the bank offers two types of deposits namely Single Holder Type Deposit and Joint Holder Type Deposit by investing in which you can get income tax exemption as per the section 80C of Income Tax Act, 1961. Individual, senior citizens and members of Hindu undivided family can invest in these tax saver fixed deposits offered by OBC. The depositor can invest up to ₹ 1.5 lakhs in a single financial year. The term of deposit should not be less than five years.

     Loading your search... Loading your search...
  • Oriental Bank Fixed Deposit Reviews

    • Oriental Bank of Commerce Fixed Deposit
      "Very nice"
      0.5 5.0/5 "Blown Away!"
      Despite of holding a savings account with OBC. I do maintain a Fixed Deposit with them. The staffs of my branch are very nice and the banking process is fast with them. This FD was opened by my father . It is basically a joined account hold by my father and me.
      Was this review helpful? 6
      , patna
      Reviewed on May 13, 2016
    • Oriental Bank of Commerce Fixed Deposit
      "Rate is less for deposit.."
      0.5 3.0/5 "Satisfactory"
      Overall good the Oriental bank of Commerce is for fixed deposit. The interest rate is below 9% and this is low infact. Absolutely it is a compounding rate and the bank will credit the rate once in a year. I feel the rate to be less so it can be increased.
      Was this review helpful? 11
      , new delhi
      Reviewed on Jan 22, 2016
    • Oriental Bank of Commerce Fixed Deposit
      "satisfied..."
      0.5 4.0/5 "Great!"
      I have an account at Oriental Bank of Commerce and felt comfortable to open fixed deposit. Fixed deposit interest rate is something around 9.8% per annum and this is a simple rate. I just took it for short duration so never inquired about penalty.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 30, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "ORIENTAL BANK OF COMMERCEFixed Deposit"
      0.5 3.5/5 "Pretty good"
      Returns of Fixed Deposit is not that great in Oriental Bank of Commerce as they are offering 7% of rate. Secondly if we break the plan in midst of the tenure then we have to compromise something. Other than than being a government organization it is secured and transparent.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 08, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Good..."
      0.5 4.0/5 "Great!"
      Returns of Fixed Deposit is not that great in Oriental Bank of Commerce as they are offering 7% of rate. Secondly if we break the plan in midst of the tenure then we have to compromise something. Other than than being a government organization it is secured and transparent.
      Was this review helpful? 1
      , kanpur
      Reviewed on Aug 25, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Interest rate offered for the Fixed deposit plan from Oriental bank of commerce is 8.5%.I have taken the plan for the tenure for 3 years. If the tenure increase the interest rate will be Little bit high . For the tax purpose we can go for 5 year tenure. There is no minimum lock in period. If we break the plan in between the tenure there will be a penalty charge. There is no hidden charges and any additional charges for this plan.Customer service is very poor it would be good if they try to give the service like the private banks.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jun 25, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I have the fixed deposit plan from oriental bank of commerce for the tenure of five years with the interest rate of 8.75%. For my plan there is no pre maturity offer. I took this plan for the tax purpose. No extra charge for starting the FD plan. Customer support is good in the oriental bank.
      Was this review helpful? 5
      , lucknow
      Reviewed on Jun 03, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Fixed Deposit of Oriental Bank of Commerce"
      0.5 5.0/5 "Blown Away!"
      preferable bank of mine is OBC bank because of Interest Rate. I want to do FD for nine month and I have compared Interest Rate between SSBJ bank and OBC Bank. Interest Rate (8.00%) of OBC bank is good compare to SBBJ Bank.. I am happy for FD service.
      Was this review helpful? 10
      , panchkula
      Reviewed on May 08, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent service!!"
      0.5 5.0/5 "Blown Away!"
      Most preferable bank of mine is Oriental bank of commerce because the staff are very cooperative and professional. Oriental bank of commerce is reasonably good in all the terms and the interest rate is between 8.75%-9%. I am happy in all the parameters and particularly of fixed deposit service.
      Was this review helpful? 5
      , delhi
      Reviewed on Mar 30, 2015
    • Oriental Bank of Commerce Fixed Deposit
      "Very good"
      0.5 3.0/5 "Satisfactory"
      Whatever they are offering it is good and I never faced any issues. I visited branch to open Fixed deposit and they assisted well during the process. I opened it for one year of tenor but I am not very sure whether the rate is compound interest. Rate of interest will be calculated at the end of the tenor and rate of interest is normal in Oriental Bank of Commerce. Internet banking is attractive and user friendly.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Nov 20, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      Rate of interest for Fixed deposit is good and there are no extra charges. I availed it for tenor of 5 years and certainly tax deduction is standard like other banks. Oriental bank of commerce is giving compound interest for long term FD, which is one of the good feature. They could improve a little better in response and could also improve their customer service.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 20, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "More interaction is required"
      0.5 4.0/5 "Great!"
      Interest rate offered for fixed deposit is 10.25% in Oriental bank of commerce. There should be some improvisation in terms of customer service team where there could be more coordination. Branch services is simple in terms of depositing the money. My suggestion is customer care needs to interact with people and provide solutions to customers.
      Was this review helpful? 4
      , new delhi
      Reviewed on Oct 28, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "My FD with Oriental bank of commerce"
      0.5 4.0/5 "Great!"
      Four years ago I have opened a fixed deposit with Oriental bank of commerce. I am maintaining around 5 lakhs for a tenure of 7 years. Rate of interest is more than 9%. I have a very good experience so far and the services are excellent. I strongly recommend the bank.
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 03, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      The first benefit is that i am holding a salary account with Oriental Bank of commerce and i did not find any difficulties in applying the Fixed deposit with this account. I have invested up-to Seven lakhs into my fixed deposit account, the interest rate is nominal and its not too high. The overall service is good.
      Was this review helpful? 2
      , dehradun
      Reviewed on Aug 22, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was very easy for me to create a fixed deposit with Oriental bank of commerce because I have an account with them. No documentation required for creating the FD. I am not dealing with this anymore because my son is taking car of this fixed deposit. I have deposited more than rs50000 every year. Rate of interest for the last year was around 9.5%. Only concern is they are not flexible in working hours and customer service really needs improvement.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Aug 05, 2014
    • Oriental Bank of Commerce Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am a customer maintaining the fixed deposit with Oriental bank of commerce for the past one year. Big advantage is my spouse is an employee of the bank. Rate of interest was also good and the customer service is excellent. Online facility is also very convenient for managing the fixed deposit.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.