Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday. Advertising "We will take a call on around 50 basis points cut in deposit rates tomorrow at our Assets and liabilities committee (alco) meet," Oriental Bank Executive Director S C Sinha said on Monday.
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On Tuesday, the public sector bank Oriental Bank of Commerce said it has cut its one-year MCLR or marginal cost of funds based lending rate by 5 basis points to 8.7%.
OBC Bank Slashes 1-Year MLCR Rate To 8.7% PwC Resigns As Auditor Of Reliance Capital, Reliance Home Finance All The Details On The New gst return filing system Transition Plan. Oriental Bank of Commerce (OBC) has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenure for the month of January. It will make retail loans costlier for the customers. Now six-month MCLR stands at 8.70% and that of one year at 8.75%. The revised rates are effective from.
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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Oriental Bank of Commerce (OBC) has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenure for the month of January. It will make retail loans costlier for the customers. Now six-month MCLR stands at 8.70% and that of one year at 8.75%. The revised rates are effective from January 11, 2019.
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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.