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Federal Bank hikes rates on NRE deposits

KOCHI: Federal Bank has hiked interest rates for NRE term deposits and FCNR deposits by 0.75 percentage point.The revised rate of interest for NRE term deposits for 1 year to 2 years is 4.92%, 2 years to 3 years is 4.41% and 3 years and above is 4.89%.

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