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Andhra Bank raises deposit rates

HYDERABAD: Andhra Bank is raising its interest rates by 50 percentage points on domestic term deposits and the BMPLR (benchmark prime lending rate) from 13 per cent to 13.25 per cent with effect from December 23. It has introduced a term deposit of three years duration with an interest rate of 8.6 per cent, a bank release said here on Wednesday. — Special Correspondent

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