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  • Oriental Bank of Commerce RD Interest Rates

    ORIENTAL BANK RECURRING DEPOSIT
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    Promised Interest Rate

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    Responsiveness

    Tenure Interest Rate Below 1 Crore 1 Crore and up to 10 Crores Above 10 Crores
    180 days to 269 days 7.00% 6.31% 6.31%
    270 Days to less than 1 year 7.00% 6.31% 6.31%
    1 year to less than 2 year 7.15% 6.61% 6.61%
    2 Years to less than 3 year 7.00% 6.50% 6.50%
    3 Years to less than 5 Years 7.00% 6.50% 6.50%
    5 Years to 10 years 7.00% 6.50% 6.50%

    Get the Best Rates for an Oriental Bank of Commerce Recurring Deposit

    Oriental Bank of Commerce offers a regular recurring deposit scheme named Progressive Deposit General to customers in India. The minimum monthly installment can be Rs. 10 and then can be incremented in multiples of 10 for deposit tenures ranging from 6 months to up to 120 months. The interest rate offered is very competitive and is decided based on the tenure opted. The interest is compounded on a quarterly basis. Senior citizens can get an additional interest rate of 0.50% on recurring deposit accounts opened with Oriental Bank of Commerce. Customers can open Oriental Bank of Commerce recurring deposit accounts also as joint applications. Deposit holders can enjoy a loan facility of up to 95% of the accumulated value on their recurring deposit accounts.

    Oriental Bank of Commerce - Short Term RD Interest Rates

    As short term deposits, individuals can open recurring deposit accounts with tenures ranging from 6 months to up to 1 year. The interest rate offered changes based on the amount deposited by the account holder as follows. These interest rates are also applicable on OBC NRO deposit accounts.

    a) For Recurring Deposit Amounts lesser than Rs. 1 Crore -

    The interest rate offered for OBC recurring deposit accounts with tenures ranging from 6 months to below 1 year is 7.25%.

    b) For Recurring Deposits of Rs. 1 Crore and up to Rs. 10 Crores -

    The interest rate given by Oriental Bank of Commerce for recurring deposit accounts with tenures from 6 months to below 1 year is 7.16%.

    c) For Recurring Deposits of Above Rs. 10 Crores -

    For a recurring deposit account with a tenure between 6 months to below 1 year, the interest rate given is also 7.16%.

    Oriental Bank of Commerce - Medium and Long Term RD Interest Rates

    The medium and long-term recurring deposits available from Oriental Bank of Commerce come with tenures ranging from over 1 year to up to 10 years. These interest rates offered on these deposit account are also applicable on OBC NRO deposit accounts.

    a) For Recurring Deposit Amounts lesser than Rs. 1 Crore -

    The interest rate offered for OBC recurring deposit accounts with tenures ranging from 1 year to below 2 years is 7.75%. For recurring deposit accounts with tenures ranging from 2 years to up to 10 year, the interest rate given is 7.50%.

    b) For Recurring Deposits of Rs. 1 Crore and up to Rs. 10 Crores -

    The interest rate given by Oriental Bank of Commerce for recurring deposit accounts with tenures from 1 year to below 2 years is 7.16%. For a recurring deposit account with a tenure starting from 2 years to up to 10 years, the interest rate given is 7.00%.

    c) For Recurring Deposits of Above Rs. 10 Crores -

    For a recurring deposit account with a tenure of 1 year or below 2 years, the interest rate given is also 7.16%. The interest rate given by OBC for recurring deposit accounts with tenures from 2 to 10 years is 7.00%.

    Oriental Bank of Commerce - Senior Citizen Recurring Deposit Interest Rates

    Senior citizens can enjoy preferential interest rates on their recurring deposits at the rate of 0.50% per annum for deposit amounts below Rs. 1 crore. Additional interest rates are not applicable on senior citizen deposits with amounts of Rs. 1 crore or above.

    For Recurring Deposit Amounts lesser than Rs. 1 Crore -

    The interest rate offered for recurring deposit accounts with tenures ranging from 6 months to up to 2 years is 7.75%. For OBC recurring deposit accounts with tenures starting from 2 years to up to 10 years, the interest rate offered is 8.00%.

    Tenure Senior Citizen Interest Rate Below 1 Crore
    180 days to 269 days 7.00%
    270 Days to less than 1 year 7.00%
    1 year to less than 2 year 7.15%
    2 Years to less than 3 year 7.00%
    3 Years to less than 5 Years 7.00%
    5 Years to 10 years 7.00%

    Oriental Bank of Commerce - NRE Recurring Deposit Interest Rates

    The interest rates offered on NRE recurring deposit accounts by Oriental Bank of Commerce with amounts lesser than Rs. 1 crore is 7.75%, for tenures between 1 years and 2 years. For any tenure above 2 years and up to 10 years, the interest rate offered is 7.50%.

    Tenure NRE rates
    1 year to less than 2 year 7.15%
    2 Years to less than 3 year 7.00%
    3 Years to less than 5 Years 7.00%
    5 Years to 10 years 7.00%

    NRO Recurring Deposit Interest Rates

    a) For NRO Recurring Deposit Amounts of Rs. 1 Crore and up to Rs. 10 Crores -

    The interest rate offered for NRO recurring deposit accounts with tenures ranging from 1 year to below 2 years is 7.25%. For NRO recurring deposit accounts with tenures ranging from 2 years to up to 10 year, the interest rate given is 7.00%.

    b) For NRO Recurring Deposits of Above Rs. 10 Crores -

    The interest rate given by OBC for NRO recurring deposit accounts with tenures from 1 year to up to 10 years is 7.00%.

    Tenure 1 Crore and up to 10 Crores Above 10 Crores
    1 year to less than 2 year 6.61% 6.61%
    2 Years to less than 3 year 6.50% 6.50%
    3 Years to less than 5 Years 6.50% 6.50%
    5 Years to 10 years 6.50% 6.50%

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