The Oriental Bank of Commerce is counted among the top 10 Govt Sectors bank in India. Recently there was news about the NPA and the bank’s share goes down however within two week of time the OBC shares cross over Rs 115 from 103 in March 2014. The OBC is known for providing many services from Home Loan to the fixed deposit. And the rate of interest on fixed deposit looks OK as compare to the other banks.
As the Oriental Bank of Commerce is a well known and Government authorized banks operating since 1943, it has good reputation and brand in market. The OBC Fixed Deposit interest rates details for financial year 2016 – 2017 given below in the chart:
OBC FD Rates Charge for 2017
Here is the latest rate of interest offered by OBC:
|Sr. No||Duration for investment||Amount||Interest Rates||Senior Citizen|
|1||91 days to 179 days||Below 1 Crore||6.25 %||6.25 %|
|2||180 days to 269 days||Below 1 Crore||7.00 %||7.50 %|
|3||270 days to less than 1 year||Below 1 Crore||7.00 %||7.50 %|
|4||1 year to less than 2 years||Below 1 Crore||7.30 %||7.80 %|
|5||2 years to less than 3 years||Below 1 Crore||7.25 %||7.75 %|
Note: Given rates of interest has been updated in Dec 2016.