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Bangalore, July 2 Syndicate Bank has hiked its benchmark prime lending 50 basis points to 13.50 per cent. The rate hike takes effect from Wednesday. The bank also hiked its term deposit rates for long term time deposits. The rate for tenors above one year and 399 days is 9 per cent, up from 8.5.

Interest rate for maturities between 400 and 499 days is 9.25 per cent. For maturities between 500 days and 2 years, rate is 9.50 per cent.

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