Whoever said wishes don’t come true hasn’t explored our offers!

Oriental Bank of Commerce RD Interest Rates 2021

Oriental Bank of Commerce has merged with Punjab National Bank with effect from 1 April 2020. 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 4.40% p.a. and 5.25% p.a. Senior citizens are offered additional interest of up to 0.80% p.a. on all RD tenures.

Listed below are the tenures and interest offered by Oriental Bank of Commerce when it comes to recurring deposits:

Deposit Tenure Interest rate for General Citizens (p.a.) Interest rate for Senior Citizens (p.a.)
180 days to 270 days 4.40% 4.90%
271 days to less than 1 year 4.50% 5.00%
1 year 5.10% 5.60%
1 year to 3 years 5.10% 5.60%
2 years to up to 3 years 5.10% 5.60%
3 years to 5 years 5.25% 5.75%
5 years to 10 years 5.25% 5.75%

*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 4.40% p.a. to 5.10% p.a. for investing in such RDs while senior citizens are offered in the range of 4.90% p.a. and 5.60% p.a.

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 5.10% to 5.25% p.a. Citizens who are above the age of 60 years are offered interest in the range of 5.60% to 5.75% p.a. 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 5.25% p.a. Senior citizens are offered additional interest of 0.50% 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.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.