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Federal Bank revises interest rates

KOCHI: Federal Bank has revised interest on resident term deposits. The bank is paying a rate of 10.10 per cent for deposits above one year to inclusive of two years. The interest will be 9.75 per cent for deposits above two years to less than three years, three years to less than four years and four years to inclusive of 5 years. The revised rates are effective from August 18, according to a press release. — Special Correspondent

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