Oriental Bank of Commerce is a public sector bank. It has its headquarters in Gurgaon. The Bank focuses on credit delivery to women. It has five designated branches dedicated to women entrepreneurs.
Basic Savings Bank Deposit Account: This account is meant for those Indian citizens who fulfill all eligibility criteria to open a bank account, but cannot afford to comply with the financial obligation of maintaining the required minimum balance in the savings account. This account offers nomination facility to the customers and also a free ATM card. These account holders cannot enjoy the internet banking facility.
OBC Diamond Saving Deposit Account: OBC’s Diamond Saving Deposit Account is a popular account among the bank’s customers. The account offers a free ATM card which has no charges for renewal or issuance. The customers also receive personalized multi-city cheque-books for free as well as a discount of 25% on locker rental charges.
OBC Platinum Saving Deposit Account: This account gives a whopping discount of 50% on locker rental fees to the account holders apart from a free personalized multi-city cheque-book and an ATM card without any renewal or issuance charges. If the account holders can maintain the stipulated average quarterly balance, they receive a personal accident insurance cover worth Rs.10 lakhs for free.
Oriental Double Deposit Scheme: The Double Deposit Scheme by Oriental bank has different deposit tenures for various categories of customers.
Ex-staff senior citizens
Type of Savings Account
OBC Diamond Saving Deposit Account
Average quarterly Balance - Rs.1 lakh
OBC Platinum Saving Deposit Account
Average quarterly Balance - Rs.5 lakhs
Oriental Double Deposit Scheme
Basic SB Deposit Account
No minimum balance is required
These are the eligibility criteria for Savings Accounts:
Documents Required to Open a Savings Account