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Mangalore, July 5

Corporation Bank has increased the rate of interest offered on NRE term deposits with effect from July 1. A bank release said here that the interest rate on NRE term deposits has been increased to 5.43 per cent per annum (5.39 per cent) for a tenure of one year to less than two years, 5.43 per cent (5.32 per cent) for two years to less than three years, and 5.46 per cent (5.30 per cent) for three years to 10 years.

— Our Bureau

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