OBC Bank Interest w.e.f. 13.05.2011

Oriental Bank of Commerce has also changed bank interest on deposits w.e.f. 13.05.2011.   Changed rates are given as under :-

Revision in Interest Rates on Term Deposits with effect from 13.05.2011 Maturity period (Buckets) Term Deposits less than Rs. 15 Lacs Term Deposits of Rs. 15 Lacs and above but less than Rs.1Crore Term Deposits of Rs. 1 Crore & above 7 days to 14 days 4.00% 4.00% 4.00% 15 days to 30 days 4.50% 4.50% 4.50% 31 days to 45 days 5.00% 5.00% 5.00% 46 days to 90 days 5.75% 5.75% 5.75% 91days to 179 days 7.00% 7.00% 8.75% 180 days to 269 days 8.00% 8.00% 8.75% 270 days to less than 1 Year 8.00% 8.00% 9.00% 1 year to less than 2 years 9.25% 9.25% 9.50% 2 years to less than 3 years 9.25% 9.25% 9.25% 3 years to less than 5 years 9.00% 9.00% 9.00% 5 years to 10 years 8.75% 8.75% 8.75%     1) In regard to deposits on differential rate of interest irrespective of amount, prior approval for interest rates, quantum of deposits and any other waiver of terms of deposits to be obtained from General Manager (Treasury) Head Office. 2)  The above revised Card Rates for Domestic Term Deposits shall be applicable on fresh deposits accepted and renewal of deposits on and / or after 13.05.2011. 3)  Rates of Interest applicable for the Senior Citizens shall be 0.50% over and above the Card Rates.   ·  Note: Interest rates are liable to change without prior notice

Read more: OBC Bank Interest w.e.f. 13.05.2011 ~ Tds Tax India http://www.tdstaxindia.com/2011/05/obc-bank-interest-wef-13052011.html#ixzz1Mfvmtjoe
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