NIC Asia Bank Publishes Reduction in Fixed Deposit Interest Rates, Effective From Magh 01

NIC Asia Bank Limited (NICA) has disclosed adjustments to its interest rate structures. NICA's reduction in rates will be effective Magh 01.

NIC Asia Bank Limited has revised its interest rates for Fixed Deposits (FD) for the month of Magh. The new rates stand at 5.25% for Institutional FD and 7.25% for Individual FD. This marks a reduction from the previous month's rates of 6.00% for Institutional FD and 8.00% for Individual FD, reflecting a decrease of 0.75%. 

Meanwhile, its general savings rate stands at 3.989%.

The CD ratio was 79.96% as of Poush 22, 2080 while the Interbank Interest Rate stood at 2.63%.