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 Money & Banking - Fixed Deposits
Bharat Overseas hikes deposit rates

Our Bureau

Chennai, Aug 10

Bharat Overseas Bank has increased term deposit rates with effect from August 4.

For deposits of one to two years, the rate has been increased to 7.75 per cent from 7.25 per cent earlier. For deposits of two to three years, the rate has been increased to 7.75 per cent (7.50 per cent) and for deposits of three years and above, to 8 per cent (7.75 per cent).

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