Commercial banks have updated their interest rates for the month of Ashad, with most banks showing a slight decrease from the previous month, Jestha.
Out of 20 commercial banks, 11 have reduced their interest rates, 6 have kept their rates unchanged, and 3 have increased their interest rates.
The banks maintaining their previous rates are:
- Agriculture Development Bank
- Nepal Bank
- Nepal Investment Mega Bank
- Prabhu Bank
- Siddhartha Bank
- Standard Chartered Bank Nepal.
The details of interest rate changes among 20 commercial banks for the month of Ashad are as follows:
Global IME Bank has made the largest rate reduction, lowering both individual and institutional fixed deposit rates by 1 percent.
At the same time Nabil Bank, Machhapuchhre Bank, and Himalayan Bank have increased their interest rates for Ashad. Himalayan Bank offers the highest interest rates up to 8.25 percent for individual fixed deposits and 7 percent for institutional fixed deposits.
Agriculture Development Bank offered the lowest rates, with 5.6661 percent for individual fixed deposits and 4.01 percent for institutional fixed deposits.
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