Oriental Bank raises fixed deposit rates by up to 3.25%

State-owned Oriental Bank of Commerce (OBC) today raised interest rates on fixed deposit of three maturities by up to 3.25 per cent. Term deposits with maturity of 31-45 days would earn interest rate of 9.25 per cent, higher by 3.25 per cent from existing 6 per cent, OBC said in a statement. The new rates are effective from tomorrow. Term deposit of between 46-90 days would earn 9.50 per cent against existing 8.50 per cent...