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Federal Bank revises interest rates

KOCHI: Federal Bank has revised the interest rates for NRE and foreign currency deposits with effect from June 1. The interest rate is 6.43 per cent for NRE term deposits for one year to less than two years and for two years to less than three years. It is 6.45 per cent for three years and above. The interest rates have been revised for FCNR and RFC deposits also. - Staff Reporter

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