Commercial Banks Interest Rates for Chaitra 2081
The commercial banks of Nepal have published their latest interest rates for the month of Chaitra. According to the new rates, 17 banks have maintained their interest rates, while Nepal Bank and Himalayan Bank have reduced their rates. Kumari Bank has slightly increased its interest rate.
| Bank Name | Fagun Interest Rate (%) | Chaitra Interest Rate (%) | Change (%) |
|---|---|---|---|
| Himalayan Bank | 5.25 | 4.5 | -0.75 |
| Nepal Bank | 5.6 | 5.5 | -0.1 |
| Kumari Bank | 5.91 | 6.01 | +0.1 |
| Nepal Investment Mega Bank | 6.5 | 6.5 | 0 |
| NIC Asia Bank | 5.6 | 6.6 | +1.0 |
The average interest rate for personal fixed deposits in Fagun was 6.00%, which slightly decreased to 5.96% in Chaitra. Similarly, the institutional fixed deposit interest rate averaged 4.49% in Fagun, which declined to 4.46% in Chaitra.
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Analysis of the Newly Published Interest Rates by Commercial Banks
Commercial banks have published new interest rates for the month of Chaitra. According to the latest data, 17 banks have kept their interest rates unchanged from the previous month (Falgun), while Nepal Bank and Himalayan Bank have reduced their rates, and Kumari Bank has increased its rate.
Changes in Interest Rates
- Nepal Bank has reduced its interest rate by 0.1 percentage points.
- Himalayan Bank has decreased its maximum interest rate on individual fixed deposits by up to 0.75 percentage points.
- Kumari Bank has increased its interest rate on individual fixed deposits by 0.1 percentage points.
Bank-wise Fixed Deposit Interest Rates
- Agricultural Development Bank:
- Individual Fixed Deposit: 5.51%
- Institutional Fixed Deposit: 3.25%
- Prime Commercial Bank:
- Individual Fixed Deposit: 6.25%
- Institutional Fixed Deposit: 4.00%
- Nepal Investment Mega Bank:
- Individual Fixed Deposit: 6.50%
- Institutional Fixed Deposit: 5.10%
- Nepal Bank:
- Individual Fixed Deposit: 5.50%
- Institutional Fixed Deposit: 4.15%
Overall Interest Rate Trends
- The average individual fixed deposit interest rate across commercial banks in Falgun was 6.00%, which has now slightly declined to 5.96% in Chaitra.
- The average institutional fixed deposit interest rate was 4.49% in Magh, which dropped by 0.03 percentage points in Falgun, reaching 4.46% in Chaitra.