OBC Diamond Savings Deposit Account

The OBC Diamond Savings Deposit Account is available to individuals (both singly or jointly), trusts, associations, clubs, HUFs, societies, and others, subject to fulfillment of eligibility criteria as per the RBI and KYC norms.

The account is primarily aimed at high-earning individuals, corporates, and other valuable entities with the aim of offering them the best services in a savings bank account.

Bank	Oriental Bank of Commerce
Category	OBC Savings Deposit Account
Minimum Average Balance Requirements (MAB)	Rs.1 lakh Average Quarterly Balance (AQB)
Debit Card Offered	Yes, free issuance and renewal
Interest Rate	4% per annum

Services Offered with OBC Diamond Savings Deposit Account

The following services are provided with OBC Savings Account:

Passbook	Passbook is offered free of cost.
Personalized Multicity Cheque Books	Free of cost.
Internet Banking	Net Banking facilities are available for these account holders.
SMS Alerts	Free SMS alerts.

Features of OBC Diamond Savings Deposit Account

These are some of the features and benefits of OBC Diamond Savings Deposit Account:

Minimum Account Balance (MAB)	Rs.250 fine for not maintaining 80% of Average Quarterly Balance (Rs.1 lakh) in the account.
Interest payment	Payable with quarterly rests
Value Added Services	Rs.5 lakhs free personal accident cover till Average Quarterly Balance is maintained. Nomination facility available. 25% discount on locker rent. No charges on standing instructions and stop payment.
Instant credit of cheques	Local or outstation cheques may be instantly credited into the account after 6 months of account operation by paying a fixed amount up to Rs.25,000.
Easy Fund Transfer Facility	Multiple online and offline transfer facilities available.

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Fees and Charges for OBC Diamond Savings Deposit Account

These are some of the major fees and charges associated with operating the OBC Diamond Savings Deposit Account:

Service / Product	Fees & Charges
Demand Draft Charges	Up to Rs.5,000 - Rs.20 for non-individuals and Rs.15 for individuals. From Rs.5,000 to Rs.10,000 - Rs.50 for non-individuals and Rs.35 for individuals. Above Rs.10,000 - Rs.4 per thousand for non-individuals (minimum Rs.40 and max Rs.12,000) and Rs.3 per thousand for individuals (minimum Rs.40 and max Rs.12,000).
Any branch cheque deposits	Free
Annual Fee for Debit cum ATM Card	1st year free, Rs.100 second year onwards for VISA cards. Free for Rupay cards.
Transaction charges in other ATMs	3 transactions per month free at metro locations and 5 transactions free at non-metro locations. Above this, Rs. 8 and Rs. 20 will be charged for non-financial and financial transactions respectively.
NEFT through Branch Channel	Free till Rs.1 lakh, Rs.10 per transaction between Rs.1 lakh to Rs.2 lakhs and Rs.25 per transaction over Rs.2 lakhs.
Duplicate Passbook	Individuals - Rs.50 for latest balance, Rs.50 plus Rs.2 per entry for previous entries. Non-individuals - Rs.100 for latest balance, Rs.100 plus Rs.2 per entry for previous entries.
Passbook	Free
Account Closure Charges	Within 14 days - Nil Over 14 days to up to 1 year - Rs.50 (individual) and Rs.100 (non individuals) Beyond 1 year - Nil
NEFT through Net Banking	Free

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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