Commercial Banks Revise Interest Rates for Baisakh 2082; 3 Banks Cut Individual Fixed Deposit Rates, 1 Bank Hikes

Commercial banks have published their interest rates for the month of Baisakh 2082. Among the 20 commercial banks, 3 have reduced the maximum interest rate on individual fixed deposits, while one has increased it. The remaining 16 banks have kept their rates unchanged.

Kumari Bank, Sanima Bank, and Nepal Bank have lowered their maximum interest rates on individual fixed deposits by 0.09 percentage points, 0.1 percentage points, and 0.35 percentage points, respectively. On the other hand, Everest Bank has increased its rate by 0.61 percentage points.

In the case of institutional fixed deposits, 8 banks have lowered their maximum rates compared to Chaitra. Everest Bank stands out as the only bank that has raised its maximum interest rate for institutional fixed deposits as well.