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Kotak Mahindra Bank hikes deposit rates

MUMBAI: Kotak Mahindra Bank has announced un upward revision of interest rates on term deposits in the general category. According to a release, customers will now earn a retail term deposit rate of 10.6 per cent (annualised yield 11.02 per cent) for the 390-day period. The bank has also increased the FCNR and NRE interest rates.

— Corporate Reporter

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