Oriental Bank of Commerce RD Scheme

My mother wants to open RD Account in Oriental Bank of Commerce. She wants to know about scheme of this type of Account. So she said me to search about it. So please give complete information about RD Account Scheme of Oriental Bank of Commerce?

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Here I am giving features of Recurring Account of Oriental Bank of Commerce:

Oriental Bank of Commerce Recurring Account Features:
Variable Progressive Deposit Scheme

Core Monthly Installment: Rs.10 & Multiples thereof, with a maximum of
Rs.50,000 p.m.

(Amount of monthly Installment may vary subject to 5 times of the core amount or
Rs. 50000/- whichever is less)

SI facility added, those availing SI facility can deposit two times in a month

Term of Deposit: 1 Year to 10 Years

Loan Facility: 95% of Accrued Value

Rate Of Interest: As applicable for the period of deposit

Senior Citizens: Higher rate as announced by the bank from time to time.

TDS Applicable

Lump sum payment of maturity.

Features subject to change from time to time



Oriental Bank of Commerce Recurring Account Opening Form: