Oriental Bank of Commerce has a strong network of ATMs across the country, which enable customers to have access to their money at their convenience.
To suit the different financial needs of different customers, Oriental Bank of Commerce offers a range of savings accounts. Customers can choose the type of account that suits their needs the best.
Effective 1 April 2020, Oriental Bank of Commerce has merged with Punjab National Bank. For now there are no changes in Account Number and IFSC Code. For more information checkout Punjab National Bank Savings Account.
OBC offers lucrative rates of interest for different types of Savings Accounts. These attractive interest rates ensure that customers get the maximum benefit out of their savings. The interest rates for different types of Savings accounts are as follows -
To open a Savings Account with OBC, you can either download the account opening form from the bank's official portal or go to the nearest OBC branch to procure the application form. After filling up the form duly, submit it to any branch of your choice. Please remember that you have to furnish the form with all the necessary documents like passport size photographs, ID proof, etc.
This account caters to those citizens of India who fulfil every eligibility criteria of opening a bank account, but cannot comply with the financial burden of maintaining a minimum balance in the account. This account provides nomination facility to the account holders and they also get an ATM card for free. The holders of basic SB Account cannot avail the internet banking facility.
OBC Diamond Saving Deposit Account is quite popular among OBC customers. The ATM card issued with this type of account doesn't have any charges for renewal or issuance. Customers also get personalised multi-city cheque books free of cost, and get a 25% discount on locker rental charges.
Account holders enjoy a 50% concession on locker rental charges, and personalised multi-city cheque books free of cost. The ATM card issued with this type of account doesn't have any charges for renewal or issuance. If the account holder can maintain AQB, he/she gets a personal accident insurance cover of Rs.10 lakhs, free of cost.
Oriental Double Deposit Scheme has different deposit tenure for different category of customers. It is as follows -
Depending on factors like type of the savings account, deposit tenure, etc. the minimum balance to be maintained in each account differs from the other. The comprehensive table below explains the minimum balance that needs to be maintained in each type of savings account.
Type of Savings Account | Minimum Balance |
OBC Diamond Saving Deposit Account | Average quarterly Balance - Rs. 1 lakh |
OBC Platinum Saving Deposit Account | Average quarterly Balance - Rs. 5 lakhs |
Oriental Double Deposit Scheme | Rs. 1000 |
Basic SB Deposit Account | No minimum balance required |
Please note that the above entities must fulfil the eligibility criteria as laid down according to KYC guidelines.
The following documents are required to open a Savings Account with Oriental Bank of Commerce -
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Credit Card:
Credit Score:
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