OBC bank slashed down the rate by 0.10%
By Neelima Shankar
Dec 11, 2014
Print    Email    RSS   

Recently Oriental Bank of Commerce has also reduced its term deposit rates on selected Maturities. The bank has reduced the rate by 0.10% on selected deposits. Now the new rate has been revised to 8.90%.

For the time period of 1 year to 2 year the bank has revised the rate to 8.90% from 9%. The bank has reduced the rates on deposits of less than Rs 1 crore, the new rates have been made in effect from 9 December, 2014. Prior to this several leading banks of the country had already reduced their term deposit rates including SBI, ICICI, and HDFC bank. ICICI and HDFC have reduced the rates by 0.50% on the deposits up to the period of 1 year.

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

 Select a product:

Do you know what led banks to calibrate...
Manage your FD in a better way
Infrastructure bonds: another tax saving...
Sweep in to Auto Sweep savings A/c
Financial ratios as an aid to financial...

Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

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