Oriental Bank of Commerce (OBC) has withdrawn additional rate of interest to Senior Citizens on domestic term deposits of Rs 1 crore and above with effect from February 25, 2013. Earlier, the bank had reduced the base rate by 15 basis points (bps) from 10.40% per annum to 10.25% per annum with effect from February 25, 2013.
Oriental Bank of Commerce is a Government of India undertaking whose business activities includes monetary intermediation of commercial banks, saving banks and discount houses.
