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Thursday, Nov 18, 2004

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Money & Banking - Fixed Deposits


Federal Bank hikes deposit rates

Our Bureau

Kochi , Nov. 17

THE Aluva-based Federal Bank has increased the interest rates on fixed deposits. Now the deposits for three years and above will attract an interest rate of 6.25 per cent, a press release issued here said.

The minimum period for fixed deposits is reduced to 7 days.

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