#1
June 4th, 2016, 01:00 PM
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Oriental bank of Commerce - Flexi Fixed Deposit Scheme
Hello sir I want to know details of Oriental bank of Commerce - Flexi Fixed Deposit Scheme so here can you please give me its details ?
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#2
June 4th, 2016, 01:01 PM
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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 |