# New interest rates for banks: How much for which bank?

**Banking Khabar** / The new fiscal year begins 2078\79 banks have announced new interest rates. Where some banks have kept the interest rate same while some have increased. The big banks base rate is likely to fall further while some are trying to raise money on term deposits rather than savings.

**What is the interest rate of which bank?**

**Prabhu Bank:**

Prabhu Bank has set a minimum interest rate on saving accounts of 2 percent and a maximum interest rate of 4 percent. Prabhu Bank will offer a minimum interest at the period of deposit to individual’s rate is 6.50 percent and a maximum of 7 percent.The bank’s base rate of Jestha month is 7.06 percent. The bank provide loan by adding premium up to 5 percent. The interest rate has been fixed interest rate from a minimum of 9.99 percent to a maximum of 11.99 percent.

**Kumari Bank:**

Kumari Bank has been set on saving account a minimum interest rate of 2 percent and a maximum interest rate of 4 percent. The bank has set interest rates for personal deposits at 6 percent to 7.65 percent. Likewise, premium up to maximum 7 percent has been fixed at the base rate on various types of loans. In Jestha Month base rate of the bank is 7.40 percent. The bank has express that they will provide fixed loan from a minimum of 10.50 percent to a maximum of 11 percent.

**Agriculture Development Bank:**

The Agriculture Development Bank has set a minimum interest rate on saving account at 3.50 percent and a maximum 5 percent. The maximum interest rate for personal term is fixed at 7.50 percent. As the end- Chaitra, the bank’s base rate is 7.48 percent. The bank has stated that they will provide loan by adding premium from 2 percent to 5 percent.

**Global IME Bank:**

Global IME Bank has set a minimum interest rate on saving of 2 percent and a maximum interest rate of 4 percent. The maximum interest rate for individual term is 7.01 percent, this interest is a period of more than 1 year. The bank’s base rate is 6.40 percent in the last month of Chaitra. The bank has announced that they will provide loan by adding premium up to 6 percent. The bank has fixed interest rates at 9.99 percent to 10.99 percent for fixed loans.

**Nepal SBI Bank:**

Nepal SBI Bank has fixed the interest rate on savings around 3.01 percent and the maximum on personal term at 8 percent. The bank’s base rate on Jestha end is 7.38 percent. Here the interest rate of the loan will be determined by adding premium from minimum 1.50 percent to maximum 5 percent.

**Nabil Bank:**

Nabil Bank has fixed minimum interest rate of 1.51 percent and a maximum of 3.51 percent on savings. The maximum interest rate is 6.51 percent. The interest rate has been fixed at 5.01 percent for the three-months. The base rate of the bank is 5.71 percent till Jestha months. The bank has specified that provide loan by adding premium up to 7 percent. For fixed interest home loans, the bank will allowed loans at minimum interest rate of 8.49 percent to 11.50 percent.

**Rastriya Banijaya Bank:**

Rastriya Banijya Bank has announced the new interest rate with from first Sharwan. Accordingly, the interest rate on time deposit will be 5.50 percent to 7.25 percent for individual and 5 percent to 6.50 percent for institutional time deposit. Comparably, for saving account the bank has set a minimum interest rate for saving of 3 percent to 5 percent. This bank has fixed the interest rate at 5.50 percent for the month of Chaitra. The bank will provide loan by adding premium from 1 percent to 3 percent. The interest rate for fixed loan has been stated from 9 percent to 11 percent.

**NIC Asia Bank:**

From Sharwan first NIC Asia Bank has announced the new interest rate.The bank has been fixed the interest rate on savings account at 2.56 percent. Conforming to the new interest rate which was announced by the bank, in the term deposit will earn up to 7.56 percent interest. The base rate of the bank till last Jestha is 6.74 percent. By adding premium up to 6 percent bank will allow loan.

**Century Commercial Bank:**

A minimum interest rate of 3 percent and a maximum of 5 percent has been set by Century Commercial Bank. The maximum interest rate for personal term has been fixed at 8 percent. This is an interest rate for a period of more than one year. While, the base rate of the bank of the last Jestha is 7.38 percent. The bank says that it will provide various loans by adding premium up to 6 percent. The interest rate for fixed loan has been fixed at 11.49 percent to 12.99 percent.

**NMB Bank:**

A minimum interest rate of 2.50 percent and a maximum of 4.50 percent is fixed by NMB Bank. The maximum interest rate for individual term is 7.50 percent and the minimum is 6.50 percent. The base rate last chaitra is 7.19 percent. The bank has said that it will provide loan by adding premium up to a maximum of 5 percent.

**Everest Bank:**

Everest Bank allow minimum interest rate of 2.50 percent to a maximum of 4 percent. The maximum interest rate for personal term is 7 percent and the minimum is 6 percent. As the end of Chaitra the bank’s base rate is 5.89 percent. The bank will provide loan by adding premium up to a maximum of 5 percent.

**Himalayan Bank:**

Himalayan Bank has set a minimum interest rate of 2 percent and a maximum of 4 percent. The minimum interest rate for individual term is 5 percent and the maximum interest rate is 7 percent. The bank’s base rate chaitra last is 6.75 percent. By adding premium up to a maximum of 5 percent bank provide loan.

**Nepal Bank:**

Nepal Bank has set a minimum interest rate of 2.50 percent and a maximum of 4 percent. The maximum interest rate for personal term is fixed at 7 percent. Lat of Chaitra, the bank’s base rate is 5.98 percent. It provides loans with an additional premium of 1.50 percent to 5 percent. The minimum fixed interest rate ranges from 9.35 percent to 13.93 percent.

**Machhapuchhre Bank:**

Machhapuchhre Bank permit loan a minimum interest rate of 2.05 percent to a maximum of 4 percent. The personal interest rate has been fixed at 7.05 percent. Lat of Chaitra, the bank’s base rate is 7.09 percent. The bank declared that agree by adding premium up to 7 percent. The bank has set a minimum interest rate of 9.89 percent and a maximum interest rate of 12.24 percent for a fixed interest rate.

**Sunrise Bank:**

Sunrise Bank will offer interest rates from 2.57 percent to 4 percent. Meanwhile, the interest rate on time deposits for individual has been fixed at 7.50 percent. As Jestha last, the base rate of the bank is 6.72 percent. The bank has express that it will provide loan by adding premium 6 percent. For the fixed interest rate the bank has grant minimum interest rate of 10.50 percent and a maximum interest rate of 13.50 percent.

** Mega Bank:**

A minimum interest rate of 2.25 percent and a maximum interest rate of 3.50 percent on savings accounts Mega Bank has been allowed. The bank has permit an interest rate of up to 7.25 percent on personal term deposits. Likewise, the base rate on various types of loans premium up to a maximum of 7 percent has been fixed. The base rate of the bank in Jestha is 7.01 percent.

**Siddhartha Bank:**

Siddhartha Bank has declared that new interest rates for the month of Sharwan. The bank has published that the interest rate on savings will be from minimum 2.5 percent to maximum 4 percent. In the term of deposit of individual the bank will offer interest rate of up to 7 percent. Its base rate in Jestha month was 6.69 percent. The bank has precise that will increase the premium up to 5 percent in the base rate when giving various types of loans. For a fixed interest rate, the bank has set a minimum interest rate of 8.49 percent and a maximum interest rate of 11.49 percent.

**Prime Commercial Bank:**

Prime Commercial Bank has admit a minimum interest rate of 2.76 percent and a maximum of 4.50 percent for savings. The maximum interest rate has been fixed at 7.76 percent and the minimum at 7.50 percent.Last Chaitra base rate is 7.14 percent. The bank has told that will extend the loan by adding premium up to a maximum of 6.99 percent. The bank has fixed a minimum interest rate for fixed loans is 10 percent and a maximum interest rate of 11 percent.

**NCC Bank:**

NCC Bank has authorized a minimum interest rate of 3 percent and a maximum of 5 percent. The maximum interest rate for individual term is 8 percent and minimum is 7 percent. The base rate for last Chairta is 7.41 percent. The bank has defined that they supply loan by adding premium up to maximum of 5 percent. The bank has express a minimum interest rate 9.25 percent and a maximum 11 percent on fixed loans

.**Bank of Kathmandu:**

Bank of Kathmandu has kept the minimum interest rate on savings at 2.50 percent and the maximum at 4 percent. On personal term has been fixed at maximum intrest is 7 percent. This is an interest rate for a period of more than one year. Last Jestha the base rate of the bank is 6.56 percent. The bank says that various loans will be given by adding up to 5 percent premium.

**Nepal Bangladesh Bank:**

Nepal Bangladesh Bank has been supply minimum interest rate for saving is 2.50 percent. The maximum interest rate for individual term is 7.50 percent and the minimum is 7.25 percent. The bank’s base rate for last Chaitra is 9.89 percent. The bank has explicated that it will determine the interest rate of the loan by adding premium up to a maximum of 5 percent. The bank has set a minimum interest rate of 9.99 percent and a maximum of 12.99 percent for fixed loans.

**Laxmi Bank:**

Minimum interest rate of 2.5 percent and a maximum of 4.5 percent on savings accounts by laxmi bank. The term deposit will pay 7 percent interest for 3 months to individuals and 7.5 percent interest for more than 6 months. The bank’s base rate till Jestha is 8.9 percent. Up to 5 percent the bank gives loan by adding premium.

**Citizen Bank:**

Citizens Bank has mention a minimum interest rate of 3.15 percent and a maximum of 5.15 percent. The maximum interest on personal term has been fixed at 7.65 percent. For the period of more than one year for an interest rate. Meanwhile, the base rate of the bank till last Jestha is 7.51 percent.Various loans will be given by adding premium up to 5 percent by bank. The interest rate for fixed loan has been fixed at 10.50 percent to 13 percent.

**Civil Bank:**

Civil Bank has reduced the interest rate on savings from 3.55 to 5.55 percent. From now, the bank will pay only 4.01 to 5.01 percent interest. The bank has increased the maximum interest rate from 8.55 percent to 8.71 percent.

**Sanima Bank:**

Sanima Bank has increased the interest rate on savings from 2.05 to 4.05 percent from 2.35 to 4.35 percent. At the same time, the term interest rate has been increased by 0.30 percentage point. The bank will pay interest up to a maximum of 7.35 percent.

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