Bank of Kathmandu, Prime Commercial Bank, Everest Bank, and Global IME Bank Update Interest Rates effective from Shrawan 6

Bank of Kathmandu, Prime Commercial Bank, Everest Bank, and Global IME Bank have all updated interest rates effective from today, Shrawan 6.

Bank of Kathmandu will give 5.25% interest p.a. for fixed deposits of 3 to 6 months, 6.25% for fixed deposits of 6 months to a year, and 7.25% for fixed deposits of time period longer than that.

The institutional rates are 4.5%, 5.5%, and 6.5% for respective fixed deposits.

Similarly, Everest Bank has adjusted its interest for deposits from 3.5% minimum to 5% maximum based on the type of deposits.

Everest Bank will give 6.5% interest p.a. for fixed deposits of 3 to 6 months, 7% for fixed deposits of 6 months to a year, and 7.25% for fixed deposits of time period longer than that.

The institutional rates are 5.5%, 6%, and 6.5% for respective fixed deposits.

Everest Bank's base rate is 8.05% p.a. and margin lending is available at 2.75% to 5% higher than the base rate.

The base rate of Global IME Bank is 8.42% p.a. as of Ashad this year. Both auto loans and loans against shares will be given at a maximum rate of 5% higher than the base rate.

On the other hand, Prime Commercial Bank's update has simply kept the interest rates for various deposits in the range of 3% to 5%.