Nepal SBI Bank, Sunrise Bank, Global IME Bank, and Muktinath Bikas Bank update interest rates effective from today
Mon, Aug 31, 2020 2:30 PM on Latest, Interest Rates,
Nepal SBI Bank and Sunrise Bank have updated interest rates effective from today, i.e. Bhadra 15, 2077.
Nepal SBI Bank provides interest rates ranging from 3% to 5% p.a. for savings products in local currency. The range was the same last time when the interest rates were updated on Shrawan 1. Meanwhile, Sunrise Bank provides interest range in the range of 2.5% to 4.5% p.a. for its savings schemes. The previous range was 2.5% to 4%.
For fixed deposits, Nepal SBI Bank provides interest in the range of 6.5% to 7.25% for individuals, which was the same last time. For institutions, fixed deposits will bring 6% to 6.6% in interest now, while the previous interest range was 6.5% to 6.6%.
Loans against shares are provided at up to 5% higher than the base rate of 9.25%. Moreover, Nepal SBI Bank's interest rate spread is 4.34%.
In contrast, Sunrise Bank provides interest for individuals in the range of 7% to 7.5% for fixed deposits. This hasn't changed since last time. Meanwhile, institutions only get anywhere from 6.5% to 7.35% based on the maturity period. They previously got an interest in the range of 6.5% to 6.6%.
Loans against shares are provided at up to 5% higher than the base rate of 8.95%. The interest rate spread is 4.37%.
Sunrise Bank updated interest rates
Nepal SBI Bank updated interest rates
Global IME Bank Limited (GBIME) and Muktinath Bikas Bank Limited (MNBBL) have also updated interest rates effective from today, i.e. Bhadra 15, 2077.
Global IME Bank provides interest rates ranging from 2.5% to 4.5% p.a. for savings products in local currency. The range was the same last time. Meanwhile, Muktinath Bikas Bank provides interest range in the range of 4.5% to 5.25% p.a. for its savings schemes. The previous range was 4.5% to 5.5%.
For fixed deposits, Global IME Bank provides interest in the range of 7% to 8.5% for individuals, which was in the range of 7% to 7.5% last time. For institutions, fixed deposits will bring 6.5% to 7.5% in interest now, while the previous interest range was 6.5% to 6.6%. Loans against shares are provided at up to 6% higher than the base rate of 8.42%.
In contrast, Muktinath Bikas Bank provides interest for individuals in the range of 8% to 8.5% for fixed deposits. It gave a common 8.5% last time. Meanwhile, institutions only get anywhere from 6.5% to 7.5% based on the maturity period. They previously got an interest in the range of 7% to 7.5%. Loans against shares are provided at up to 5.2% higher than the base rate of 9.78%.
