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Corporation bank too cuts NRE deposit rates

BL Research Bureau

In line with the RBI's decision, Corporation Bank has reduced interest rates on the NRE deposits by 150 basis points, effective September 16.

The new interest rates for one-two years is 2.4 per cent (old rate 3.9 per cent), between two and three years 3.2 per cent (4.7 per cent), and for above three years is 3.9 per cent (5.4 per cent).

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