What Is Platinum Deposit Scheme In OBC?

What is the interest rate for fixed deposit in OBC?

OBC FD Rates 2020TenureFD interest ratesSenior Citizen FD interest rates46 days to 90 days3.25%4.00%91 days to 179 days4.00%4.75%180 days to 270 days4.40%5.15%271 days to 364 days4.50%5.25%8 more rows•Oct 1, 2020.

Is OBC a government bank?

Oriental Bank of Commerce (OBC) is a Government of India undertaking that was incorporated in 1943. Back then, its business activities included monetary intermediation of commercial banks, saving banks and discount houses. In the year 1951, bank’s registered office was relocated to Delhi, from Lahore in Pakistan .

Which scheme is best for monthly income?

Best investment options to get a monthly incomeNBFC Fixed Deposit: … Post Office Monthly Income Scheme: … Senior Citizen Savings Scheme: … Long-term Government Bond: … Equity Share Dividend: … Annuity: … Mutual Fund Monthly Income Plan:

What is OBC MPIN?

What is MPIN & How to generate MPIN for SBI, ICICI, PNB, BOB, HDFC, OBC, SBBJ: – MPIN is a 4-digit code used to authenticate your IMPS transactions while doing transactions on National Unified USSD Platform or Bank’s Call to pay service to make bill payments. … The MPIN is used only when we transact through our mobile.

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.

Which bank is best for FD?

Competitive Bank FD interest rates help the depositor to get a good Return on Investment over a fixed tenure….Fixed Deposit Interest Rates 2020.BanksFD Interest RatesTenureHDFC2.50% – 5.50%7 days to 10 yearsPNB Housing Finance6.20% – 6.70%12 months to 120 monthsICICI Bank2.50% – 5.50%7 days to 10 years4 more rows•Nov 20, 2020

What is the minimum balance in OBC bank?

OBC Savings Accounts Minimum Balance RequirementsType of Savings AccountMinimum BalanceOBC Diamond Saving Deposit AccountAverage quarterly Balance – Rs. 1 lakhOBC Platinum Saving Deposit AccountAverage quarterly Balance – Rs. 5 lakhsOriental Double Deposit SchemeRs. 10001 more row

Is there any monthly income scheme in banks?

Monthly Income Scheme(MIS) Suitable for investors who want to earn a regular fixed income with guaranteed returns at a certain rate of interest every month.

Is OBC a good bank?

ORIENTAL BANK OF COMMERCE is a very good bank, their executive is understanding the customer concern well and ready to help at any cost.

Which is best private bank?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Is Icici Bank a government bank?

History. ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994 in Vadodara.

Is OBC a scheduled bank?

The RBI has excluded six public sector banks, including OBC and Allahabad Bank, from the Second Schedule of the RBI Act following their merger with other banks. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank.

How can I unblock my OBC debit card?

More videos on YouTubeLogin to Internet Banking/Mobile Banking.Click on DEBIT CARD SERVICES.Click on DEBIT CARD ON.Select your Account Number & Card Number form the drop-down menu, select the reason and enter your comments.Click PROCEED and enter the OTP received on your registered mobile/email.More items…

Which is better RD or FD?

Returns: When returns in FD or RD are compared, then FD seems to give higher returns. The reason is that in RD, the account holder deposits monthly and therefore, the interest is also earned accordingly. Usually, the FD amount is deposited once, and is a lump sum that earns a higher interest rate.

Which type of bank is OBC?

Oriental Bank of Commerce (OBC), a public sector bank established in the year 1943 and headquartered in Gurgaon. The bank provides various financial and banking services to its customers such as deposit accounts, loans, debit cards, credit cards, insurance, ATMs, internet banking, mobile banking and many more.

How much interest will I get for 10 lakhs?

Formula of Calculation of EMILoan amountInterest RateEMI per month5 Lakh8.35%Rs. 6,15910 Lakh8.50%Rs. 9,84715 Lakh8.60%Rs. 13,11220 Lakh8.70%Rs. 17,610

What is the interest of 1 lakh in SBI?

Interest rate on SBI savings bank deposits Currently, the interest rate on savings bank deposits on balance up to Rs 1 lakh is 3.5 per cent. On balance above Rs 1 lakh, the interest rate is 3 per cent per annum, which is set at 2.75 per cent below RBI’s Repo Rate, with a minimum of 3 per cent for the entire balance.

How can I register for OBC net banking?

Step 1: Visit the website www.obcindia.co.in and click on the Oriental Bank’s Net Banking Link or visit the website https://www.obconline.co.in. Step 2: Select Retail User Login & Enter your user-id and sign-on Password received on your registered mobile number.

How can I check my account balance in OBC bank?

Use the Oriental Bank of Commerce Balance Enquiry Number 08067205757 to find your account balance. You just need to give a missed call to this number. Your call will automatically get disconnected after short rings and you will receive an SMS within a few seconds providing your account balance.

Who is the No 1 bank in India?

1 in India by Forbes; Surprise at No. 3; SBI not in top 10.

Is OBC merged in PNB?

The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020. The merger will create the second largest nationalized bank of the country both in terms of business and branch network.