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Oriental Bank of Commerce Increases FCNR Accounts Interest Rates
January 08, 2018
Public Sector Oriental Bank of Commerce (OBC) said it has increased the interest rates on the foreign currency non-resident (FCNR) deposits. The new rates are effective from January 4, 2018.
The new rate for deposits of:
- 1 year to less than 2 years is 3.06% from the current 2.78%
- 2 years to less than 3 years is 3.35% from the current 2.85%
- 4 years to less than 5 years is 3.40% from the current 2.95%
- Up to 5 years is 3.45% from the current 3%
The lender said that the revised rates are one of the best compared to other banks.
