New Interest Rates Implemented in Commercial Banks

Starting today, new interest rates have been implemented in commercial banks. Among the 20 operating commercial banks, 13 have reduced their interest rates, 5 have kept their rates unchanged, and 2 banks have increased their rates. The average interest rate on personal fixed deposits offered by banks in Asar was 6.91%, which has decreased to 6.73% in Shrawan.

Bank Interest Rate Details

• Agricultural Development Bank: 6.29%

• Everest Bank: 6.3%

• Rastriya Banijya Bank: 6.21%

• Nepal SBI Bank: 6.3%

• Laxmi Sunrise Bank: 6.5%

• Global IME Bank: 6.25%

• Kumari Bank: 6.71%

• Prime Bank: 6.5%

• Nepal Bank: 6.25%

• Sanima Bank: 6.4%

• Citizens Bank: 6.75%

• Nabil Bank: 7%

• Investment Mega Bank: 7%

• Siddhartha Bank: 6.75%

• Standard Chartered Bank: 7%

• Machhapuchhre Bank: 7%

• Prabhu Bank: 7%

• NMB Bank: 7.53%

• NIC Asia Bank: 7.53%

• Himalayan Bank: 7.5%

With changes in interest rates by various banks, both the general public and business entities may need to adjust their financial plans. These changes can affect investors' preferences and the benefits for savers.