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Oriental Bank increases term deposits interest

Written by: Staff

Mumbai, Apr 7: Oriental Bank of Commerce has announced change between 25-75 basis points in interest rates for its term deposits (domestic).

The hike in interest rate on deposit is the range of 25 basis points to 75 basis points for term deposits (domestic) of less than Rs 15 lakh, and 25 basis points to 100 basis points for the single term dposits (domestic) for Rs 15 lakh and above.

The interest rates on foreign currency deposits for non-residential Indians'(NRIs) have also been revised upward by 25 basis points on USD,Great British Pound (GBP),Euro, Australian and Canadian dollars,effective from March 29,2005, the release added.


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