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Mangalore, April 24

Corporation Bank has increased the interest rate on NRE term deposits for all tenures (maturity periods of one year to less than two years, two years to less than three years, and three years to 10 years) from 6 per cent to 6.30 per cent with effect from April 20. A bank release said here rate on NRE savings bank deposits will remain unchanged at 3.50 per cent.

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