Kathmandu. New Delhi: Banks have announced the new interest rates for the month of January. According to the information received so far, most of the commercial and development banks have reduced the maximum interest rate on individual fixed deposits while some have kept it stable.
Based on the information received from 18 commercial banks till the time of filing this report, 14 have reduced the maximum interest rate on individual fixed deposits for the month of January, while four have kept it stable. They are Agricultural Development Bank, Kumari Bank, Everest Bank, Global IME Bank, Rastriya Banijya Bank, Standard Chartered Bank, Sanima Bank, Prabhu Bank, Prime Bank, Nepal SBI Bank, Himalayan Bank, Nabil Bank, Laxmi Sunrise Bank and Nepal Bank.
The highest interest rate on personal fixed deposits for January is Agricultural Development Bank (4.55 percent), Kumari Bank (4.33 percent), Everest Bank (4.75 percent), Global IME Bank (5.5 percent), Rastriya Banijya Bank (5 percent), Standard Chartered Bank (4.6 percent), Sanima Bank (4.75 percent), Prabhu Bank (4.55 percent), Prime Bank (4.25 percent), Nepal SBI (4.55 percent), Himalayan Bank (4 percent). Laxmi Sunrise Bank Ltd and Laxmi Sunrise Bank secured 4.75 per cent and 5.10 per cent respectively.
Earlier, Agricultural Development Bank (4.70 per cent), Kumari Bank (4.71 per cent), Everest Bank (5 per cent), Global IME Bank (6 per cent), Rastriya Banijya Bank (5.5 per cent), Standard Chartered Bank (4.7 per cent), Sanima Bank (5 per cent), Prabhu Bank (4.95 per cent), Prime Bank (4.75 per cent), Nepal SBI (4.80 per cent), Himalayan Bank (5.5 per cent), Nabil Bank (4.75 per cent), Laxmi Sunrise Bank (5 per cent) and Nepal Bank (5.25 per cent) have been consolidated. They were.
Similarly, Siddhartha Bank, Machhapuchchhre Bank, NMB Bank and NIC Asia Bank are among the commercial banks that have continued their interest rate in December. All four banks have fixed the interest rate at a maximum of 5 percent on individual fixed deposits.
On the other hand, most of the national banks have also reduced the interest rates for January. Muktinath, Lumbini, Kamana Sewa, Shangrila and Garima are among those that have reduced interest rates. Muktinath and Lumbini have fixed the interest rate at 5.5 per cent while Kamana Sewa, Shangrila and Garima have fixed the interest rate at 5.55 per cent. Muktinath and Lumbini, Kamana Sewa, Shangri-La and Garima had paid 5.64 per cent interest in the company.
Mahalaxmi Bikas Bank has continued the interest rate for the month of December. The bank has fixed the maximum interest rate on personal fixed deposits at 5.80 percent.
