What does OBC mean in BANKING
Oriental Bank of Commerce (OBC) is one of the oldest public sector banks in India. It was established way back in 1943, long before nationalization of banks in 1969. The bank has been providing banking services to customers from all over the country since then, and is a trusted name among the masses. The purpose of this article is to provide an overview about this renowned bank.
OBC meaning in Banking in Business
OBC mostly used in an acronym Banking in Category Business that means Oriental Bank of Commerce
Shorthand: OBC,
Full Form: Oriental Bank of Commerce
For more information of "Oriental Bank of Commerce", see the section below.
About Oriental Bank of Commerce
The bank was founded by Rai Bahadur Lala Sohan Lal with its headquarters located in Delhi. Since then it has seen remarkable growth and success due to its commitment towards serving its customers. OBC has more than 2000 branches and over 4500 ATMs spread across India for convenient access for customers. The bank also provides an array of products including Savings Account, Current Account, Fixed Deposit Accounts, ATM/Debit Cards, Credit Cards etc. It also provides internet banking and mobile banking facilities for ease of access to their customers across the length and breadth of the country..
Products & Services Offered By OBC
Oriental Bank Of Commerce offers products such as Savings Accounts, Current Accounts, Fixed Deposits, Loan Against Fixed Deposits, ATM/Debit Cards etc., which help its customers fulfill their financial needs and aspirations efficiently. The bank also provides other services like Internet Banking facility which helps manage your finances online using your computer or smartphone/mobile device; Mobile Banking which allows users to conduct transactions through their smartphones; Online Recharge facility for Prepaid & Postpaid Mobile numbers DTH recharge facility etc.
Essential Questions and Answers on Oriental Bank of Commerce in "BUSINESS»BANKING"
What is Oriental Bank of Commerce?
Oriental Bank of Commerce (OBC) is a leading public sector bank in India and provides retail, corporate, modern and digital banking services. It offers a range of financial products and services to meet the needs of the customers.
What are OBC's customer-facing products and services?
OBC offers a wide range of customer-facing products and services including deposits, loans, payment & remittance services, internet banking, debit/credit cards, ATM services and more.
How can I access my account with OBC?
Customers can access their accounts with OBC through various channels like internet banking, mobile banking, telephone banking or by visiting any nearby branch.
Do I need to pay for using OBC's Internet Banking?
No; all customers registered for internet banking with OBC will be provided free access to their accounts online with no additional cost.
Is my money secure at OBC?
Yes; all funds deposited at OBC are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme up to ₹1 lakh per depositor. Additionally, strict security measures are taken by OBC to ensure the safety of your funds.
Does OBC offer loans?
Yes; depending on the customer's eligibility criteria & documents required they may avail loans like home loan, car loan or any other personal loan from Oriental Bank of Commerce as per their convenience.
How can I apply for a loan from OBC?
You can apply for a loan from OBC by visiting your local branch or applying online if available in your location. You will also need to submit necessary documents along with your application as per their requirements.
Final Words:
The Oriental Bank of Commerce (OBC) has been a trusted name amongst Indian citizens since its establishment more than seven decades ago. It continues to provide excellent service and products that are tailored to meet their customers' requirements at all times. With its wide network spread across India's length and breadth and presence on multiple digital channels it strives hard to ensure that it is always available whenever need arises through out India making it truly a pan Indian organization.
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