Fixed Deposit or FD is a good interest rate investment option. OBC Bank offers a Fixed Deposit Account with a high-interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank. You can also visit the official website for interest rates.

Benefits of OBC Bank Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • OBC Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
  • You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
  • If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.

Fixed Deposit Eligibility

  • Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
  • The applicant must have a savings account in the bank.

Income Tax Facts on OBC Bank Fixed Deposit Interest

If you are looking for income tax fact on Fixed Deposit interest, then you can check below:

  • If Fixed Deposit interest is less then Rs. 40, 000/-, then the OBC Bank will deduct TDS on interest.
  • Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
  • If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in OBC Bank.

OBC Bank Tax Benefit Fixed Deposit

  • Interest Rate is 6.5% for 5 years term deposits.
  • The amount can not withdraw before five years.
  • The deposit account can not transfer to another bank.

OBC Bank Fixed Deposit Interest Rate

Time PeriodInterest Rate For Amount Below 1 Crore (% p.a.)Interest Rate For Amount Above 1 Crore (% p.a.)
7 Days to 14 Days5.75%5.50%
15 Days to 30 Days5.75%6.00%
31 Days to 45 Days5.75%6.50%
46 Days to 60 Days6.25%5.25%
61 Days to 90 Days6.25%6.50%
91 Days to 180 Days6.50%6.90%
181 Days to 270 days6.50%7.05%
271 Days to 1 year6.75%7.05%
1 Year7.00%7.25%
1 Year to 2 Years7.00%7.25%
2 Years to 3 Years6.75%7.25%
3 Years to 5 Years6.70%6.75%
5 Years to 10 Years6.75%6.50%

OBC NRE Fixed Deposit 

Maturity TimeAmount below 1 crore(% p.a) The amount above 1 crore(% p.a.)
 1 Year to 2 Years7.00%7.25%
 2 Years to 3 Years6.75%7.25%
 3 Years to 5 Years6.70%6.75%
 5 Years to 10 Years6.75%6.50%

Other Banks Services:

Central Bank of India Fixed Deposit Interest Rate