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Lord Krishna Bank cuts term deposit rates

CHENNAI: Lord Krishna Bank has revised the interest rates on domestic term deposits with effect from April 1. While the interest rate on deposits for 30-45 days have been increased by 25 basis points or 0.25 per cent, the rates on all other maturity bands have been reduced by 25 basis points. Interest on savings bank account will remain unchanged at 3.5 per cent, according to a release.

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