Oriental Bank of Commerce provides its customers with different kinds of savings accounts. You can choose any type of account according to the requirements and have the maximum advantages from your savings due to the lucrative interest rates offered.
You can download the account opening form from the OBC bank’s official website or visit the nearest bank branch to get the application form. On filling the form, you have to submit it in the branch of your choice. Do furnish the duly filled form with required documents such as ID proof, passport size photographs, address proof etc.
Individuals (singly or jointly), members of Hindu Undivided Families (HUFs), Trusts, Associations, societies and Clubs.
The Oriental Bank of Commerce Savings Accounts eligibility for individuals either jointly or singly are mentioned below:
Below mentioned are OBC savings accounts types:
Any eligible person who can have a bank account but cannot afford to maintain the minimum balance in his/her account, can go for this account. The customers are provided with nomination facility and an ATM card free of cost. But the facility of net banking cannot be availed by them.
This is a popular account among the customers of OBC. They get multi-city cheque books (personalised) and an ATM card (no renewal charges) for free. A concession of 25% is given on the charges for renting a locker.
Personalised multi-city cheque books and ATM card (no renewal charges) are issued to the customers for free. In case the customer maintains an Average Quarterly Balance (AQB), then a personal accident insurance cover worth ten lakh rupees is provided to him/her free. Customers also get flat 50% discount on renting a locker.
In this scheme, different deposit tenures are offered for customers of each category.
The deposit tenures are:
OBC Platinum Saving Deposit Account and OBC Diamond Saving Deposit Account offer interest rate payable at quarterly rests.
The rates of interest offered by Oriental Double Deposit Scheme are between 8.75% and 10.25% per annum. The category of the customer is considered here and the rates differ accordingly.
There are different requirements of minimum balance for different savings accounts in terms of type and deposit tenure etc. These are as follows:
Savings Account Type
Minimum Balance to be maintained
Basic Savings Bank Deposit Account
Oriental Double Deposit Scheme
Platinum Saving Deposit Account
5 lakh Rs.(AQB)
Diamond Saving Deposit Account
1 lakh Rs. (AQB)
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