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 Money & Banking - Interest Rates


Karnataka Bank hikes FCNR (B), NRE deposit rates

MANGALORE: Karnatakan Bank Ltd has revised interest rates on NRE and FCNR (B) deposit schemes with effect from February 1.

A bank release said here on Thursday that the bank has increased interest rates on its NRE deposit scheme. In the case of FCNR (B) deposits, the bank has increased interest rates for US dollar and Euro. However, it has decreased interest rates for pound sterling with maturities above four years.

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