Kathmandu, February 12
Nepal Rastra Bank (NRB) has implemented a provision limiting the interest rate gap between personal fixed deposits and minimum savings accounts to a maximum of 5 per cent.
Additionally, institutional fixed deposits must offer at least 1 percentage point lower interest rates than personal fixed deposits. Meanwhile, banks can provide 1 percentage point higher interest rates on personal remittance fixed deposits.
With excess liquidity persisting in the banking system, banks have maintained stable interest rates. Analysts expect interest rates to remain steady for the next few months. However, loan disbursements have started increasing, preventing banks from reducing interest rates further.
According to NRB data, banks disbursed a total of Rs 265.56 billion in loans from the beginning of the current fiscal year (mid-July) until the end of Poush (mid-January).
Maximum Interest Rates on Personal Fixed Deposits for Falgun 2081 BS
| Bank | Interest Rate for Magh (%) | Interest Rate for Falgun (%) |
|---|---|---|
| Agricultural Development Bank | 5.51 | 5.51 |
| Rastriya Banijya Bank | 6.00 | 6.00 |
| Nepal SBI Bank | 5.50 | 5.50 |
| Laxmi Sunrise Bank | 5.75 | 5.50 |
| Global IME Bank | 5.75 | 6.00 |
| Kumari Bank | 5.91 | 5.91 |
| Prime Commercial Bank | 6.25 | 6.25 |
| Nepal Bank | 5.60 | 5.60 |
| Sanima Bank | 6.05 | 6.05 |
| Citizens Bank | 5.65 | 5.65 |
| Nabil Bank | 5.75 | 5.75 |
| Investment Mega Bank | 6.50 | 6.50 |
| Siddhartha Bank | 6.00 | 6.00 |
| Standard Chartered Bank | 6.25 | 6.25 |
| Machhapuchchhre Bank | 6.00 | 6.00 |
| Prabhu Bank | 6.10 | 6.10 |
| NMB Bank | 6.60 | 6.60 |
| NIC Asia Bank | 6.60 | 6.60 |
| Himalayan Bank | 6.25 | 6.25 |
| Everest Bank | 6.00 | 6.00 |
