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Bank of Maharashtra hikes FD rates by up to 7% on a special tenor of 200 days

In response to rising fixed deposit rates triggered by the RBI’s last update on February 8, 2023, which increased the repo rate by 25 basis points to 6.50%, the public sector lender Bank of Maharashtra (BoM) has increased interest rates on fixed deposits under ₹2 Cr.
Source: money

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