Banking News
Kathmandu – Commercial banks in Nepal have released updated interest rates for individual term deposits for the month of Jestha. While most banks have kept their rates unchanged, a few have made slight adjustments either upward or downward.
Key Points:
14 commercial banks have maintained the same interest rates as in Baisakh.
3 banks — Nepal Bank, Everest Bank, and Sanima Bank — have slightly increased their rates.
3 banks — Nepal Investment Mega Bank, Kumari Bank, and Siddhartha Bank — have reduced their rates.
The average maximum interest rate on individual term deposits has decreased from 5.979% in Baisakh to 5.952% in Jestha.
Nepal Bank offers the lowest interest rate at 5.45%.
Everest Bank offers the highest interest rate at 6.64%.
Bank-wise Interest Rates (Maximum for Individual Term Deposits):
- Nepal Bank – 5.45% (Jestha), 5.15% (Baisakh)
- Nepal SBI – 5.50%, 5.50%
- Himalayan Bank – 5.50%, 5.50%
- Nepal Investment Mega Bank – 5.50%, 6.50%
- Krishi Bikash Bank – 5.51%, 5.51%
- Citizens Bank – 5.65%, 5.65%
- Laxmi Sunrise Bank – 5.75%, 5.75%
- Nabil Bank – 5.75%, 5.75%
- Siddhartha Bank – 5.75%, 6.00%
- Kumari Bank – 5.91%, 5.92%
- Global IME Bank – 6.00%, 6.00%
- Machhapuchhre Bank – 6.00%, 6.00%
- Rastriya Banijya Bank – 6.00%, 6.00%
- Prabhu Bank – 6.10%, 6.10%
- Prime Commercial Bank – 6.25%, 6.25%
- Standard Chartered Bank – 6.25%, 6.25%
- Sanima Bank – 6.33%, 5.95%
- NMB Bank – 6.60%, 6.60%
- NIC Asia Bank – 6.60%, 6.60%
- Everest Bank – 6.64%, 6.61%
These rates reflect subtle shifts in the banking sector’s deposit strategies and are influenced by liquidity, market demand, and monetary policy expectations.
