Oriental Bank of Commerce NEFT/RTGS/IMPS Charges & Timings – Guide

Oriental Bank of Commerce was established in the year 1943, within four years of its existence it had to face the India- Pakistan partition and thus, changed its Registered Office from Lahore to Amritsar, Punjab.

Their headquarters are currently situated in Gurgaon, Haryana.

It has over 2,390 branches and 2,600 ATMs all across India and serves over a million customers.

Their official website is https://www.obcindia.co.in/.

Products and Services Offered by Oriental Bank of Commerce:

Oriental Bank of Commerce offers varied products and services like :

1. Deposit Schemes:

  • Current Account
  • Savings account
  • Oriental double term Account
  • Term Deposit
  • Tax saving term Deposit

2. Loan

  • Housing Loans
  • Educational loans
  • Professional Loans
  • Business Loans
  • Loans to women

3. Services

  • NRI services
  • NEFT
  • RTGS
  • IMPS

Oriental Bank of Commerce NEFT/RTGS/IMPS Services

Oriental Bank of Commerce offers services like NEFT/ RTGS/ IMPS, but the charges and timings of these services vary from bank to bank.

The timings and charges of the above services for the Oriental Bank of Commerce are as follows.


NEFT stands National Electronics Funds Transfer. It is an online funds transfer system that allows the transfer of payment from one bank to another or from one branch to another.

The timings for NEFT is according to the RBI guidelines, on all working days from 9 am to 7 pm on Monday to Saturday (except for the 2nd and the 4th Saturdays of the month)

The Charges for NEFT is :

  • Up to 2,000 rupees- no charges
  • From 2,001 to 1,00,000 rupees – charge of 10 rupees
  • From 1,00,001 to 2,00,000 rupees – charge of 15 rupees
  • Above 2,00,000- charge of 20 rupees


RTGS is an abbreviation for Real Time Gross Settlement. It is also a method to transfer funds from one bank to another and it is comparatively faster since it is done continuously and on a daily basis.

The timings for RTGS in Oriental Bank of Commerce is Monday to Saturday (except the 2nd and 4th Saturdays) from 8 am to 4 15 pm, although the government changed the timings to 24*7 for 365 days on 14th December 2020. Although many banks are yet to adopt these timings.

The minimum amount should be 2 lakh and there is no maximum limit.

The charges for RTGS are :

For inward transactions, there are no charges.

For external transactions, the charges are:

Up to 2 lakh rupees- no charges

From 2 lakh to 5 lakh rupees – charges are 25 rupees

Above 5 lakh – charges are 50 rupees


IMPS is an acronym for Immediate Payments Service, it is an electronic mode of payment that allows transfer of money from one individual to another or from one bank to another at any point of time.

It is available at anypoint of time and everyday, there is no time constraint in IMPS.

The Charges for IMPS are :

  • Upto 1,000 – no charges
  • From 1,001 to 1,00,000 – 5 rupees
  • From 1,00,001 to 2,00,000 – 10 rupees

The above charges are excluding GST.

These were the timings and charges of NEFT/ RTGS / IMPS for the Oriental Bank of Commerce.

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