OREANDA-NEWS. February 07, 2011. Oriental Bank of Commerce, New Delhi, has revised its Deposit rates for short term maturity buckets in the deposit slab of Rs 1 Cr to Rs 5 Crs. These maturity buckets range from 91 days to 1 Yr. The revised card rate for 1 Yr maturity shall be 9.25%.

The bank has recently revised its Base Rate by 50 Basis points to 9.50% and BPLR by 50 Basis points to 13.75%.

The revised Deposit Rates effective from 09.02.2011 have been duly approved at its ALCO meeting dated 07.02.2011.

The revised rates factor the transmission of monetary policy changes announced recently by Reserve Bank of India.