Himalayan Bank updates interest rates; Increases interest on long-term fixed deposits
Thu, Oct 15, 2020 10:19 AM on Latest, Interest Rates,
Himalayan Bank Limited has updated its interest rates profile effective from 1st Kartik, 2077.
The interest rates on savings schemes have not changed. The bank provides interest payments in the range of 2% to 4% for various savings schemes. Meanwhile, individuals will get anywhere from 4% to 9% for fixed deposits depending on the maturity period. They previously got in the range of 4% to 6%. Institutions will get anywhere from 3% to 5.5% for fixed deposits, again depending on the maturity period.
Loan against shares can be taken at up to a 5% higher interest rate than the base rate. According to the official website of Himalayan Bank, the latest base rate is maintained as of Shrawan end, i.e. 8.11%.
