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Karnataka Bank has raised the interest rates on NRE (non-resident external) rupee deposits by 50 basis points for three years to 10 years maturity with effect from September 2.
The new rates are 9.5 per cent (9 per cent) for three years to five years maturity, and 9.25 per cent (8.75 per cent) for above five years to 10 years maturity.
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