OBC Bank Slashes 1-Year MLCR Rate To 8.7%

Oriental Bank of Commerce Fixed Deposit rates. Following is an overview of Oriental Bank of Commerce’s Fixed Deposit Rates as of 27.12.2018 (Do keep in mind that these rates can change at any time and can be changed at the sole discretion of the bank. For the latest rates, it is advisable to check with Oriental Bank of Commerce directly.)

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OBC bank slashes 1-year mlcr rate To 8.7%. Bank Of Maharashtra Lowers Lending Rate By 0.10%. Home Loan Interest Rate Comparison Between HFCs And Banks. Allahabad Bank Loans Get Cheaper.

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In a regulatory filing, the bank said it has revised the MCLR rate for three tenures and the new rates come into effect from June 11, 2019. OBC Bank Slashes 1-Year MLCR Rate To 8.7%

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Marginal Cost of Funds based Lending Rate (MCLR) As per RBI guidelines, all floating rate rupee loans sanctioned and credit limits renewed wef april 1, 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR). The Bank reviews and publishes the internal benchmark MCLRs on a monthly basis.

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OBC Bank Slashes 1-Year MLCR Rate To 8.7% Premature Withdrawal Rules of FDs in Oriental Bank Of Commerce Minimum Period for which Term Deposit is to be kept with the Bank for earning Interest: 07 Days for Deposits of 7 Days Maturity, 15 Days for Deposits of 15 Days and over Maturity.

Oriental Bank of Commerce, a leading public bank, has reduced short-term rates on retail deposits. The cut is specific to its deposit schemes of 46 days to 90 days. The interest rate for this product now stands at 7.5%, signifying a 0.50% reduction from the previous rate of 8.00%.

Oriental Bank Of Commerce FD Calculator. For medium term deposit, the interest rate is 8.00% per annum for a tenure period of 270 days to 1 year. The interest rate is 8.60% per annum for a tenure period of 1 year to 2 years.