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May 13th, 2016, 11:08 AM
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Join Date: Mar 2012
Re: Fixed deposit schemes in Oriental Bank of Commerce

Hey as Oriental Bank of Commerce is an India-based bank established in Lahore is one of the public sector banks in India.

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.

Restriction on loan:

No loan / OD in any shape shall be allowed against deposit held in Flexi Fixed Deposit Scheme.

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 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.


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