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Bangalore-based public sector lender Vijaya Bank today announced 5-50 basis points reduction in interest rates on domestic term deposits in a move to bring down its cost of deposits.
The reduction is effected on six slabs of different maturity period starting from 46 days to 1 year in respect of deposits of Rs 1 crore and above with effect from July 3, 2014, the Bank said in a statement.
