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Karnataka Bank hikes NRE rates

Our Bureau

Mangalore, April2

Karnataka Bank has increased interest rates on NRE deposits with effect from April 1.

A bank release said the interest rate on NRE deposits of one year to less than two years has been increased to 6.04 per cent (5.90 per cent). Rates on two years to less than three years and three years to five years have been increased to 6.04 per cent (5.88 per cent) and 6.02 per cent (5.86 per cent), respectively.

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