Commercial Banks Reduce Interest Rates for Bhadra: NIC Asia and NMB Bank Lead with Highest Rates on Fixed Deposits

Commercial banks have published their interest rate notices effective from Bhadra 1, showing a reduction in interest rates for the month of Bhadra.

Out of the 20 commercial banks, 18 have published their interest rates. Among these, 13 banks have reduced their rates, while 4 banks have maintained the same rates as in Shrawan. One bank, however, has increased its interest rate.

NIC Asia and NMB Bank offer the highest interest rates

For the month of Bhadra, NIC Asia and NMB Bank are offering the highest interest rates, with a maximum rate of 7.41% on individual fixed deposits and 6.41% on institutional fixed deposits. On the other hand, Nepal Bank offers the lowest interest rate, with a maximum of 5.25% on such deposits.