Are you interested in banking or looking for a bank with a unique name? You may have come across the term OBC, and you’re wondering what it stands for. OBC is the abbreviation for Oriental Bank of Commerce, a public sector bank based in India. This article will provide a comprehensive guide to OBC, including its history, services, and more.
Introduction to OBC
Oriental Bank of Commerce (OBC) is a public sector bank established in 1943 in Lahore, now in Pakistan. After the partition of India, the bank relocated its headquarters to Amritsar, Punjab. Currently, OBC has over 2400 branches and operates in various states and Union Territories in India.
History of OBC
OBC was established in Lahore on February 19, 1943. It was nationalized in 1980 along with six other banks. In 1997, OBC launched its Initial Public Offering (IPO) and was listed on the Bombay Stock Exchange and National Stock Exchange. In 2019, OBC merged with United Bank of India and Punjab National Bank to become the second-largest public sector bank in India.
OBC offers various services to its customers, including:
OBC offers savings accounts with a minimum balance of Rs. 500. The bank also provides facilities such as internet banking, mobile banking, and debit cards.
OBC also provides current accounts for individuals and businesses. The minimum balance required for a current account is Rs. 1000.
OBC provides fixed deposits with a minimum deposit of Rs. 1000. The bank offers various deposit schemes with different tenures and interest rates.
OBC provides various loans, including home loans, personal loans, education loans, and more. The bank also offers loans to small and medium enterprises.
OBC provides credit cards with different features and benefits. Customers can choose from various cards, including Platinum, Gold, and Silver credit cards.
OBC Customer Care
OBC provides customer care services through various channels, including phone, email, and branches. Customers can call the toll-free number 1800-180-1235 to reach OBC customer care.
How to Open an Account with OBC
To open an account with OBC, customers can visit any OBC branch with the necessary documents. The documents required include proof of identity, address proof, and a recent passport-sized photograph.
OBC Net Banking
OBC provides internet banking services to its customers. Customers can register for net banking by visiting any OBC branch or by registering online. Net banking allows customers to transfer funds, pay bills, and view account statements.
OBC Mobile Banking
OBC provides mobile banking services to its customers. Customers can download the OBC mobile banking app from the Google Play Store or Apple App Store. Mobile banking allows customers to access their accounts, transfer funds, and pay bills on the go.
OBC provides various loans to its customers. The bank offers loans for home, education, personal, and business purposes. Customers can visit any OBC branch to apply for a loan.
OBC Credit Cards
OBC offers various credit cards with different features and benefits. Customers can choose from Platinum, Gold, and Silver credit cards. The bank also provides add-on cards for family members. Cardholders can enjoy rewards points, cashback offers, and discounts on various purchases.
OBC IFSC Code
IFSC stands for Indian Financial System Code, and it is a unique code assigned to each bank branch in India. OBC’s IFSC code is ORBC0100001. Customers can use this code to transfer funds to OBC accounts.
OBC Swift Code
Swift stands for Society for Worldwide Interbank Financial Telecommunication, and it is a global network for financial transactions. OBC’s Swift code is ORBCINBB. Customers can use this code for international fund transfers.
OBC has over 2400 branches in various states and Union Territories in India. Customers can visit any OBC branch to avail themselves of the bank’s services.
OBC Awards and Recognition
OBC has received various awards and recognition for its services. The bank was awarded the Best Bank Award by the Punjab State Cooperative Bank in 2020. OBC was also ranked 19th among India’s most trusted brands by The Brand Trust Report in 2014.
OBC is a public sector bank in India that provides various services to its customers. The bank offers savings and current accounts, fixed deposits, loans, credit cards, and more. OBC also provides customer care services through various channels, including phone, email, and branches. Customers can visit any OBC branch to avail themselves of the bank’s services.
- What does OBC stand for?
- OBC stands for Oriental Bank of Commerce.
- When was OBC established?
- OBC was established in Lahore on February 19, 1943.
- Does OBC provide mobile banking services?
- Yes, OBC provides mobile banking services to its customers.
- What is OBC’s IFSC code?
- OBC’s IFSC code is ORBC0100001.
- Does OBC provide credit cards?
- Yes, OBC provides various credit cards with different features and benefits.