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Oriental Bank Rewards

  • About

    About

    “Oriental Bank Rewardz” is Bank’s Loyalty program that has been designed to encourage customers to start using and continue to use electronic or digital initiatives of the bank through Internet banking, Mobile Banking, UPI, debit card etc. rather than visiting the branch. Each product/delivery channel covers varied rewards points credit methodology. Such rewards can be reimbursed by purchasing different kinds of merchandise or service through specially designed website and mobile app for the same.

    As an Oriental Bank of Commerce customer, all the customers (Savings bank) are on-boarded on Oriental Bank Rewardz program within 2 working days of account opening and shall be awarded with reward points for their spends through Debit Card, Internet Banking, Mobile Banking & UPI/BHIM within 2 working days of transaction.

  • Registeration

    Registeration

    The customer will be required to complete the registration for rewards program through following modes:-

    • Through link on our Bank’s website through Quick Link
    • Logging directly in the website through URL https://www.orientalbankrewardz.com
    • Through mobile application “Oriental Bank Rewardz” on Play store(Shall be available on IOS shortly)
  • Salient Features

    Salient Features

    The Oriental rewards program salient features are as under:

    • Products currently covered under the Rewards Program:
      • Debit Cards/Pay wave/Bharat QR, (Rs. 100 spend = 1 point i.e. 0.25 paise)
      • Retail Internet Banking, (Per transaction points & not on amount)
      • Mobile Banking(Per transaction points & not on amount)
      • UPI / BHIM(Per transaction points & not on amount)
    • Platforms: Oriental Bank Rewardz Website and Oriental Bank Rewardz Mobile Application (Presently on Android Play Store. Shall be available on iOS shortly).
    • The threshold limit for redemption has been reduced from 2500 OBC Points to 100 OBC Points.
    • Customers can now make first time redemption after accumulating only 100 OBC Points against E-Gift Cards (Amazon Pay, Book My Show, GAP, Make My Trip, Taj Hotels, Myntra etc.), Movie Vouchers, Mobile/DTH recharge, Flight/Hotel/Bus Booking Merchandise etc.
    • Point are called as: OBC Points
    • Each point is of Value- ₹0.25 Per Point
    • Points Expiry- Points expire after three years excluding the month of point allocation.

    Redemption can only be done by the Primary Account

  • Channel Wise Rewards Program Matrix

    Channel Wise Rewards Program Matrix

    OBC Reward Points Matrix For Campaign period (01st July 2019 to 30th September 2019)

    • Debit Cards (Savings Bank Customers only)
      S. No Transaction types OBC Reward points matrix
      1 First Transaction within two month of Debit Cards issuance on POS/ eCommerce/ BQR/ Paywave etc. for a minimum amount of ₹100/- 10 Bonus Points
      2 5 Transactions within one month of Debit Card issuance on POS/ eCommerce / BQR/ Paywave etc. for a minimum amount of ₹100/- 10 Bonus Points
      3 Domestic Debit Card usage on POS/ eCommerce / BQR/ Paywave etc. (For Classic, Gold and Platinum variants of Visa or RuPay Cards) 1 Point for every ₹100/- subject to minimum spend of ₹500/- per transaction.
      4 International Transactions on Debit Cards for POS/ eCommerce 4 Points every ₹100/- subject to minimum spend of ₹500/- for International transactions.
    • Internet Banking (Savings Bank Customers only)
      S. No Transaction types OBC Reward points matrix
      1 Internet Banking Registration and First Transaction within 1 month of registration 10 Bonus Points
      2 10 Transactions within a month from Internet Banking 10 Bonus Points
      3 Payment Transactions from Internet Banking with Transaction amount upto ₹5000 (Within Bank/ NEFT/RTGS/IMPS/Bill Payments etc.) 1 Point per Transaction
      4 Payment Transactions from Internet Banking with Transaction amount above ₹5000 (Within Bank/ NEFT/RTGS/IMPS/Bill Payments etc.) 2 points per Transaction
      5 E-FDR/E-CDR/E-PD 2 points per Transaction for creation of E-FDR/E-CDR/E-PD
      6 E-Statement Registration (Onetime) 10 Points
      7 Aadhaar Seeding (Onetime) 10 Points
    • Mobile Banking
      S. No Transaction types OBC Reward points matrix
      1 Mobile Banking Registration and First Transaction within 1 month of registration 10 Bonus Points
      2 10 Transactions within a month from Mobile Banking 10 Bonus Points
      3 Outward Payment Transactions from Mobile Banking with Transaction amount upto₹5000 (Within Bank/ NEFT/ IMPS/Bill Payments/Online Mutual Fund Investment etc.) 1 point per Transaction
      4 Outward Payment Transactions from Mobile Banking with Transaction amount above ₹5000 (Within Bank/ NEFT/RTGS/IMPS/Bill Payments/Online Mutual Fund Investment etc.) 2 points per Transaction
    • Unified Payment Interface (UPI)/ BHIM
      S. No Transaction types OBC Reward points matrix
      1 UPI Registration and First Transaction within 1 month of registration 10 Bonus Points
      2 10 Transactions within a month from date of UPI registration 10 Bonus Points (Minimum transaction amount ₹100/-)
      3 Further on from 11th transaction 1 point per Transaction (Minimum transaction amount ₹100)
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