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25th November 2017, 11:22 AM
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Join Date: Aug 2012
Re: Oriental Bank Of Commerce Recurring Deposit Scheme

Oriental Bank of Commerce offers a regular recurring deposit scheme named New Recurring Deposit Scheme OBC Aadhar General to customers in India.

Features

Variable Progressive Deposit Scheme
Core Monthly Installment: Rs.10 & Multiples thereof, with a maximum of
Rs.50,000 p.m.
(Amount of monthly Installment may vary subject to 5 times of the core amount or
Rs. 50000/- whichever is less)
SI facility added, those availing SI facility can deposit two times in a month
Term of Deposit: 1 Year to 10 Years
Loan Facility: 95% of Accrued Value
Rate Of Interest: As applicable for the period of deposit
o Senior Citizens: Higher rate as announced by the bank from time to time.
TDS Applicable
Lump sum payment of maturity.

Interest Rates

Maturity period (Buckets) Deposit of 1 Cr & aand upto 10 Crs 10 Crs
(7-14) Days 4.00%
(15-30) Days 4.00%
(31-45) Days 4.26%
(46-90) Days 4.76%
(91-179)Days 5.31%
(180-269) Days 5.21%
270 Days to less than 1 year 5.21%
1 year to less than 2 year 5.21%
2 Years to less than 3 Years 5.31%
3 Years to less than 5 Years 5.31%
5 Years to 10 Years 5.01%


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