How to find the best rates for OBC Fixed Deposit
Oriental Bank of Commerce offers FDs to customers at competitive interest rates. These rates can be changed at the banks discretion with changes in market rate cycles. This can make it hard for depositors to ascertain the latest rates on offer from the bank and to choose the most beneficial scheme. OBC lets customers deposit savings and extra funds for varying tenures which can be for very short terms to medium and long terms depending on individual requirements.
The above table lets customers view the latest rates offered by the bank. All changes made by the bank to any of its FD schemes is captured here on a real-time basis.
Oriental Bank of Commerce Short Term Fixed Deposit Rates
Oriental Bank of Commerce offers its depositors with attractive rates of interest on short term deposits, allowing them with the luxury of high returns while maintaining liquidity.
Oriental Bank of Commerce offers deposits of 7 days - 14 days at the rate of interest of 4.00% p.a. Deposits of 15 days- 30 days are given at the interest rate of 4.50% p.a. The rate of interest is boosted from a mere 4.50% p.a. to 6.0% p.a. for tenure durations of 31 - 45 days. Tenures of 46-90 days earn interest at the rate of 6.75% p.a. Furthermore, 8.0% p.a. is the rate of interest levied to tenures of 91 days - 179 days. The rate of interest for tenures between 180 - 269 days is 8.00% p.a. which is same as the interest rate for tenures of 91 - 179 days.
Oriental Bank of Commerce Medium and Long Term Fixed Deposit Rates
Oriental Bank of Commerce offers high interest rates on longer tenure durations. For medium term tenures of 270 days - 1 year, a rate of interest of 8.00% p.a. is offered. While the interest rate is boosted by 0.60% p.a. for tenures of 1 - 2 years, thus making it 8.60% p.a. A rate of interest of 8.25% p.a. is offered to tenure durations of 2 - 3 years. Deposits of 3 - 5 years are provided at the same rate of interest i.e. 8.25% p.a.
Oriental Bank of Commerce Senior Citizens Fixed Deposit Rates
Oriental Bank of Commerce extends an additional 0.50% on the standard rack rates to its customers who are above the age of 60 years and therefore come under the category of senior citizens.
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