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Karnataka Bank revises deposit rates

MANGALORE: Karnataka Bank has revised the rate of interest on domestic term deposits with effect from February 8, a release from the bank said. The new rates are: for 7 days to 45 days 3.5 per cent (3.5 per cent); for 46-90 days 5 per cent (5 per cent); for 91-180 days 7.5 per cent (7 per cent); for 181-364 days 8.5 per cent (8 per cent) and for one year only 9.75 per cent (9.25 per cent). The rates for other maturities have also been revised.

— Special Correspondent

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