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 Money & Banking - Interest Rates


TMB hikes NRE, FCNR deposit rates

Our Correspondent

Madurai , Feb. 3

TAMILNAD Mercantile Bank Ltd has hiked the interest rates on NRE term deposits by 10 basis points from 5.60 per cent to 5.70 per cent, uniformly for all the maturity period between one year and 3 years.

It has also hiked the interest rates on its Foreign Currency Non-Resident term deposits with effect from February 1.

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