NIC Asia Bank and Kumari Bank Publishes Reduction in Fixed Deposit Interest Rates

NIC Asia Bank Limited (NICA) and Kumari Bank Limited (KBL) have disclosed adjustments to their interest rate structures. NICA's reduction in rates will be effective Poush 01 meanwhile KBL's interest rate is effective from today i.e. 24th Mangsir, 2080.

NIC Asia Bank Limited has revised its interest rates for Fixed Deposits (FD) for the month of Poush. The new rates stand at 6.00% for Institutional FD and 8.00% for Individual FD. This marks a reduction from the previous month's rates of 6.968% for Institutional FD and 8.968% for Individual FD, reflecting a decrease of 0.97%.

Similarly, Kumari Bank Limited has also announced adjustments to its Fixed Deposit interest rates. The revised rates are 7.61% for Institutional FD and 9.61% for Individual FD. This reflects a reduction from the earlier rates of 8.01% for Institutional FD and 10.01% for Individual FD, indicating a decrease of 0.40%.