9 BFI's including Standard Chartered, Kumari Bank, Everest Bank revised interest rates; modest decline in most deposit and loan products

Many BFI's have updated the interest rates on loan and deposit products one after another. As of writing, 9 BFI's have announced their updated rates today.

Garima Bikas Bank and Muktinath Bikas Bank  saving deposit interest in the rates from 4% to 5.5% p.a. Standard Chartered Bank and Kumari Bank have saving deposit interest rates in the range of 3% to 5% p.a., with Kumari Bank mostly giving 3% p.a. for its saving deposit products.

Most of the BFI's mentioned above have kept interest rates for fixed deposits in the range of 6.25% to 6.75% for institutions. In contrast, Kumari Bank has kept the range from 6.5% to 6.6% and Standard Chartered Banks has kept it from 5% to 6.5%.

For individual depositors, the interest rates for fixed deposits range from 7.25% to 7.75% for Garima Bikas Bank, Muktinath Bikas Bank, Kamana Sewa Bikas Bank, and Kumari Bank. While Standard Chartered Bank provides interest in the rates ranging from 5% to 7.25% for individual depositors, Shangrila Development Bank’s rates start from 7.25% up to 7.5%.

Everest Bank has introduced the "Festive Loan Campaign" where it will provide loans in the interest rates from 0.2% to 2.5% higher than its base rate. The base rate of Everest Bank is maintained at 8.05%.

Share loans in Muktinath Bikas Bank can be taken for at 5% higher interest rate (Maximum) than the Base Rate. Its base rate is 9.98% as of Ashad, 2077.

Meanwhile, most types of loans can be taken at 5% higher than the base rate (maximum) in Kumari Bank, with its base rate maintained at 10.8%.

Similarly, Srijana Finance and City Express Finance have also published a new interest rate for their various products.