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3rd February 2017, 09:48 AM
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Join Date: Mar 2013
Re: Provident Fund In Oriental Bank Of Commerce

Oriental Bank of Commerce is authorized to operate Public Provident Fund (PPF) scheme through 300 Branches across the India.

Public Provident Fund 1968

Eligibility-

An Individual
An Individual on behalf of a minor of whom he / she is the guardian
NRIs / HUFs cannot open the account.

Account-

Minimum of Rs.500/- is to be deposited every financial year.
Maximum of Rs.150000/- can be deposited in a financial year.
Deposits can be made in one lump sum or convenient 12 installments in a year.

Interest

Rate of interest for the financial year 2016-17 is 8.1%
Interest is to be credited in the account on 31st march of every year.

Term of Account-
The term of the account is 15 financial years.

Withdrawals from PPF account

There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period.
However, pre-mature withdrawals can be made any time after the expiry of five years from the end of the year in which the initial subscription was made.

Transferability

A subscriber may apply for transfer of his account from one “Account Office” to another “Account Office”.

Contact-


Corporate Office

OBC
Plot No. 5, Institutional Area
Sector-32
Gurgaon – 122001

Telephone Nos.:

PBX board/ receiption numbers : 0124-4126200 and 0124-4126300

Toll Free Customer Care No. : 1800-180-1235

Toll Customer Care No. : 0120-2580001


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