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Bank interest rates

BANGALORE: Syndicate Bank has increased the interest rates on term deposits of one year and above with effect from July 2.

The revised rates are as follows: 9 per cent for one year to 399 days; 9.25 per cent for 400 days to 499 days; 9.5 per cent for 500 days to less than two years; and 9 per cent for two years and above.

The bank has also revised prime lending rate to 13.5 per cent, according to a release. — Staff Reporter

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