NABIL and HBL increase interest rate on fixed deposit to 13% p.a. for individuals
Tue, Dec 18, 2018 1:30 PM on Interest Rates, Latest,
Nabil Bank Limited (NABIL) and Himalayan Bank Limited (HBL) have published notice regarding new interest rate effective from 3rd Poush and 2nd Poush respectively.
Himalayan Bank has increased interest rates on fixed deposits. As per the published notice, interest rate on fixed deposit with maturity period of 1 month stands at 8% p.a. for all customers. Similarly, FD for time period of more than 1 year and up to 2 years will yield interest rate of 13% p.a. on monthly basis only for individuals. Structured deposits for individuals will yield 10% p.a. while it will yield 9% p.a. for institutions.
Nabil Bank has also increased interest rate on fixed deposits. The bank is offering 13% p.a. yield on deposits of time period 1 year to 2 years for individuals. The base rate for the month of Kartik stands at 8.40% while the spread rate for the same period stands at 4.99%. Interest rate on other products and services remain unchanged.
An extra 0.5% can be added to the above mentioned interest rates as per the banks' discretion.
