Oriental Bank Of Commerce Tax Saver Fd

Hello sir, is there any one can provide me here tax saving fixed deposit interest rate of Oriental Bank Of Commerce. And also provide me Oriental Bank Of Commerce Tax Saver FD calculator?

[sumit]

At Oriental Bank Of Commerce Fixed deposit can be issued with monthly or quarterly interest payment option.

Oriental Bank Tax Saving Scheme, which is for a period of 5 Years will carry interest rate applicable on Term deposits for 5 Years – 10 Years, i.e. for General Public 7.25%, for Senior Citizens 7.25%+0.50%=7.75%, for Staff 7.25%+1.00%=8.25% & for Ex-staff & Senior Citizens 7.25%+1.00%+0.50%=8.75%.

For other than Senior Citizens: The interest rates offered on other term deposits for a period of 5 years – 10 Years Bucket.

Oriental Bank Of Commerce Tax Saver FD calculator:



Fixed Deposit:
Fixed deposit can be issued with monthly or quarterly interest payment option.

Cumulative Deposit:
Interest is compounded at quarterly rests and payable with principal on maturity.

Amount of Investment:
The depositor can invest any amount not exceeding Rs. 1.50 lacs (One Lac Fifty Thousand Rupees) in a financial year, minimum being Rs. 100/- and in multiple thereof.

Period of deposit
The period of deposit shall not be less than five years.