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Oriental Bank of Commerce raises interest rates on fixed deposits by up to 3.25%: Media Report

By Religare
|

Oriental Bank of Commerce (OBC) has raised interest rates on fixed deposit of three maturities by up to 3.25 per cent, reported PTI.

Term deposits with maturity of 31-45 days would earn interest rate of 9.25 per cent, higher by 3.25 per cent from existing 6 per cent, OBC said in a statement.

The new rates are effective from today. Term deposit of between 46-90 days would earn 9.50 per cent against existing 8.50 per cent, it said.

 

Those between 91-179 days would attract one per cent higher interest rate at 9.75 per cent.

Read more about: oriental bank of commerce
Story first published: Tuesday, March 4, 2014, 9:11 [IST]
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