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Money & Banking - Fixed Deposits
Term deposit rates revised

Mangalore, Oct. 16

Corporation Bank has revised its interest rate for term deposits with effect from October 15. A bank release said that for the maturity period of 12-15 months, it will offer an interest rate of 10.5 per cent per annum. Senior citizens will get 11 per cent for maturity period of 12-15 months. This interest is applicable for deposits less than Rs 15 lakh only, the release added.

— Our Bureau

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