Oriental Bank of Commerce provides a number of banking features through a huge number of branches spread in all parts of India. This enables customers to access their bank accounts as per their convenience. In order to fulfill different monetary needs of all customers, the bank provides several options for a savings account, current account, loan account, etc. The customer can select the account type which he/she thinks is the best. The customer is provided an Oriental Bank of Commerce account number on opening a new bank account.
OBC Savings Account Options
For each of the savings account managed by a customer, he/she is provided an Oriental Bank of Commerce account number. This number is a mandatory requirement for them to carry out different financial activities using their OBC savings account. Some of the prime savings account options offered by Oriental Bank of Commerce are:
Basic Savings Bank Account
This type of account addresses those people in India who can actively fulfill all the stated eligibility criteria required to open a bank account, however, cannot abide the financial burden related to maintaining minimum balance in their account. Under this account, nomination facility is offered to the account holders, along with ATM cards. Do note that, account holders for basic SB account aren’t permitted to access the internet banking service.
OBC Platinum Saving Account
Under this scheme, the account holders get a 50% discount on locker rental fees. Moreover, the availability of multi-city personalized cheque books can be availed free of cost. Additionally, the ATM card sanctioned with this account does not comprise of any charges concerned with issuance or renewal. It is vital to know that, if the account holder maintains AQB, then he/she is liable for personal accident insurance coverage worth Rs. 10 lakhs. This is totally free of cost.
OBC Diamond Saving Account
With OBC diamond saving account, you get several exciting benefits. The ATM card is issued which doesn’t involve any charges for issuance or renewal. Moreover, customers are also offered multi-city personalized cheque books that are free of charge. Above all, there is 25% concession on locker rental fees.
Always keep your Oriental Bank of Commerce account number handy to check different offers which are available on a timely basis. You can even visit the bank’s website to seek attractive service facilities.
Savings Account Opening Eligibility with OBC
Oriental Bank of Commerce permits the following entities the authority to access Savings Accounts –
- Individuals: either singly or in co-operation
- Trusts, Associations, HUFs (Hindu Undivided Families)
- Societies and clubs
Do note that the stated entities need to satisfy the eligibility criteria mentioned down based on the KYC guidelines.
Required Documentation
The below mentioned documents are needed to access an OBC Savings Account:
- Government sanctioned photo ID proof: passport, PAN card, driving license, voter ID card, ration card, etc.
- Age Proof
- Residence Proof: electricity bill, passport, telephone bill, ration card, etc.
- Two photographs (passport size) of the account holder.
Minimum Balance Requirements for OBC Savings Accounts
As per the factors such as deposit tenure, savings account type, etc., the minimum balance which needs to be maintained under a specific account varies from one another. You can access OBC’s official website to access the proper slab focused at minimum balance requirement. Moreover, you can even contact the customer care facility to acquire this information.