Oriental Bank of Commerce (OBC), the state-owned bank has reduced the
interest rates on fixed deposit by up to 1% on select maturities. As
per the revision the fixed deposit rate for maturities ranging from
31-45 days has come down to 6 percent from 7 percent, while term deposit
of 180-269 days will earn 0.5% lower interest rate at 8% which was
earlier at 8.5%.
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