As mentioned earlier, tenure is the length of a fixed deposit account in which you cannot withdraw any or all of your money. When it comes to fixed deposit, then the popular term used is tenure. Everyone who is able to comply with these requirements will be granted the chance to save their money on OCBC deposit. Eligibility and Deposit Requirementsīefore opening an account, it’s better to know whether you are eligible or not for being an account holder of OCBC fixed deposit.
The total months of deposit vary, depending on each bank’s provision, although for many, it ranges from 1 month to the maximum 48 months. Tenure is defined as a certain time limit for the money to be deposited. A fixed deposit is also called as time deposit, meaning that the deposit account holder should not withdraw any of all their deposit money before the tenure ends.
