Banks Update Interest Rates: Attractive margin lending rates in Rastriya Banijya Bank

Rastriya Banijya Bank and Century Commercial Bank have updated interest rates effective from Bhadra 16.

Rastriya Banijya Bank gives 3% to 5% interest for its various deposit schemes while Century Commercial Bank gives 4.25% to 5.25%. RBB previously have in the range of 3.5% to 5.5% while CCBL gave 5.5%.

Individuals can get 8.25% to 8% p.a. interest for fixed deposits in CCBL while institutions will get either 6.5% or 7% depending on the period of maturity. This hasn't changed since last time.

Meanwhile, fixed deposits will give 7% to 7.25% interest for individuals and 6% to 6.5% for institutions in RBB. The previous range was 7% to 8.25% for individuals and 7% for institutions.

Furthermore, loans against shares can be taken at a 4% higher rate than the base rate of 8.92% of CCBL. Interestingly, RBB provides margin loans at just 1.5% to 3% higher than its base rate of 5.8%.

Additionally, Civil Bank Limited has issued a notice about the interest rate for fixed deposits in the range of 5.1% to 6.6% for institutions.