Oriental Bank of Commerce (OBC) on recently (June 10, 2013) slashed interest rates on term deposits of less than Rs. 1 crore across various maturities by 0.25%.
The state owned lender slashed interest rate on domestic term deposits maturing between 270 days to less than one year to 8.25% from 8.50% earlier, it said in a statement.
The changed rate of interests will come to immediate effect from June 10, 2013 the OBC said.
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