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
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