Oriental Bank of Commerce increases interest rates on short term deposits
By Neelima Shankar
Dec 5, 2012
Print    Email    RSS   

The public sector bank, Oriental Bank of Commerce, has increased interest rates on select fixed deposits schemes with short maturities.

Fixed deposits of amounts less than Rs. 15 lakh maturing after 91 days but before 179 days will now an attract interest rate of 8 percent, a hike from the earlier 7.5 percent. For term deposits of more than Rs. 15 lakh but less than Rs. 1 crore, having the same maturity period, the interest rates have been increased to 8.25 percent, from the existing 8 percent.

Fixed deposits of amounts Rs. 1 crore and above but less than Rs. 5 crore, having maturity period from 7 to 30 days, will now be offered 7 percent, an increase from the earlier 5 percent. For maturity periods ranging from 31 days to 90 days, term deposits of the same amount will now attract interest of 8 percent, a hike from the existing 7 percent.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Need of nomination in bank accounts
Carnival of Indian Personal Finance Blogs #2
Regular fixed deposits in India: Great way...
Things you should know while filing income...
Credit profile and its effect on loan...

MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive