Exactly a dozen banks raised interest rates, 4 decreased and 4 remained constant

Banks have announced new interest rates for the month of Bhadra. Banks have announced new interest rates to be implemented tomorrow, 1st of Bhadra, Friday.

Looking at the interest rates published by the banks, 12 of the 20 banks have increased the interest rates. While 4 banks have reduced interest rates, 4 banks have kept their interest rates stable.

For the month of Bhadra, banks have increased the interest rate on personal term deposits to a maximum of 10.896 percent. Most of the banks have fixed 10.896 percent interest rate for Bhadra month. Total interest rate of 12 banks is more than 10 percent.

Banks that will increase interest rates in August include Krishi Bikas Bank Limited, Kumari Bank Limited, Global IME Bank Limited, Nepal Bank Limited, Sanima Bank Limited, Prabhu Bank Limited, Lakshmi Sunrise Bank Limited, Rashtriya Comercial Bank Limited, Machhapuchre Bank Limited, Citizens Bank Limited, Everest Bank Limited and Siddharth Bank Limited.

On the other hand, NIC Asia Bank Limited, Standard Chartered Bank Limited, Prime Commercial Bank Limited and NMB Bank Limited have announced reduced interest rates for the month of Bhadra.

Nabil Bank Limited, Nepal Investment Bank Limited, Nepal SBI Bank Limited and Himalayan Bank Limited have kept the interest rate constant for the month of Bhadra.