Oriental Bank of Commerce RD Interest Rates 2025
On 4 March 2020, Oriental Bank of Commerce merged with Punjab National Bank (PNB). To get the latest recurring deposit (RD) rates, please visit PNB RD Interest Rate.
A Recurring Deposit at Oriental Bank of Commerce helps customers build a habit of saving. The bank offers one RD scheme called Progressive Deposit General. Customers can also take loans up to 95% of the RD’s accrued value.
Oriental Bank of Commerce has merged with Punjab National Bank . The merger of two banks with Punjab National Bank has made it the second largest nationalized bank of the country with regard to number of branches and business.
You can open an RD account with the lender for a period that ranges between 6 months and 10 years. The interest offered on RDs are attractive and ranges between 3.50% p.a. and 7.25% Senior citizens are offered additional interest of up to 0.80% p.a. on all RD tenures.
The tenures and interest offered by Oriental Bank of Commerce when it comes to recurring deposits (RD)
Deposit Tenure | Interest rate for General Citizens (p.a.) | Interest rate for Senior Citizens (p.a.) |
180 days to 270 days | 5.50% | 6.00% |
271 days to less than 1 year | 5.80% | 6.30% |
1 year | 6.80% | 7.30% |
1 year to 2 years | 6.80% | 7.30% |
666 days | 7.25% | 7.75% |
2 years to up to 3 years | 7.00% | 7.50% |
3 years to 5 years | 6.50% | 7.00% |
5 years to 10 years | 6.50% | 7.30% |
*Note: The interest rates mentioned above are for deposits less than Rs.2 crore.
Oriental Bank of Commerce Short-Term RD Interest Rates
Short-term recurring deposits are those which have a deposit tenure that ranges between 180 days to less than 12 months. Oriental Bank of Commerce offer general citizens interest in the range of 5.50% p.a. to 6.80% for investing in such RDs while senior citizens are offered in the range of 6.00% p.a. and 7.30%
Oriental Bank of Commerce Medium-Term RD Interest Rates
The interest paid by Oriental Bank of Commerce on medium-term recurring deposits in the range of 6.80% to 7.25% Citizens who are above the age of 60 years are offered interest in the range of 7.30% to 7.75% for opening a medium-term recurring deposit.
Medium term RDs are those which has a deposit tenure in the range of 12 months and 60 months.
Oriental Bank of Commerce Long-Term RD Interest Rates
On long-term recurring deposits, the interest offered by Oriental Bank of Commerce to general citizens is 6.50% Senior citizens are offered interest of 7.30% by the bank for investing in such RDs. Deposit tenures that range from 5 years to 10 years fall under the bracket of long-term RDs.
RD Article Pages
- Recurring Deposit Vs. Chit Fund
- Miss to Pay the Recurring Deposit Due
- Difference Between Recurring Deposit and SIP
- Open RD Account through HDFC NetBanking
- RD Account in SBI
- Advantages of Recurring Deposit
- Flexi RD
- SBI Flexi RD Schemes
- Monthly Recurring Deposit
- Indian Bank Recurring Deposit
- Union Bank Recurring Deposit
- UCO Bank Recurring Deposit
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