2023 2024 EduVark > Education Discussion > General Discussion


  #2  
June 4th, 2016, 01:01 PM
Super Moderator
 
Join Date: Mar 2012
Re: Oriental bank of Commerce - Flexi Fixed Deposit Scheme

Hey as Flexi Fixed Deposit products offer liquidity in the shape of Savings / Current deposit funds as well as higher returns as are available on fixed deposit funds

Eligibility
Customer will have to open an operative Account (Savings or Current) under the Scheme (Flexi Fixed Deposit), if not maintaining one already. The Account Opening Form (AOF) shall continue to be the same as required for SB / CA.
Resident Indian customers shall be eligible to open accounts under the scheme provided they maintain such account in Savings Bank/Current Account

Period of deposit
45 days to 1 year
Default period 45 days

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

Payment of interest:

The amount invested in the scheme shall attract rate of interest prescribed by the Bank on domestic Term Deposits from time to time. Simple/ compounded interest shall be booked on quarterly basis but liquidation of interest will be as applicable for the respective scheme.

Staff / Ex-Staff and Senior Citizens will be entitled for additional rates in Flexi Fixed Deposits


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 07:44 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8