Garima Bikas Bank (GBBL) further reduces interest rate on Fixed Deposits

Garima Bikas Bank Limited (GBBL) has revised its interest rates profile.

It had previously updated the interest rates profile effective from Poush 01. While depositors got interest payments of up to 5% on deposits, the interest rate for personal savings was 4%.

Today, the bank has revised its interest rates profile again. The update is already effective from yesterday, i.e. Poush 11. The interest range on savings is kept the same. However, it seems that the interest rates on fixed deposits have decreased.

Previously, individuals got interest payments in the range of 7-10% for fixed deposits. Institutions got in the range of 7-9%. Now, the individual interest rate range is 7-8.5% which is the same for institutions.

The bank uses the base rate of 9.12%.

Recent Update