Oriental Bank of Commerce reduces base rate to 10%

With effect from 15 May 2015

Oriental Bank of Commerce has reduced Base Rate from 10.25% to 10.00% w.e.f. 15 May 2015.

Further, the interest rate on Term Deposits has been reduced across various maturities w.e.f. 15 May 2015.

For the following maturities interest rate is reduced as follows:

91 days to 179 days - 7.50%
180 days to 269 days - 7.75%
1 year to less than 2 years - 8.50%

Powered by Capital Market - Live News