17 banks reduce interest rates for Chaitra except for NIC Asia Bank
KATHMANDU, March 13 -- Two banks maintain stability
Most of the commercial banks have reduced the deposit interest rate for the month of Chaitra (mid-March to mid-April). The latest interest rate table released by these banks indicates a decline in the average interest rate for personal term deposits by 0.51 percentage points in Chaitra (mid-March to mid-April) compared to Falgun (mid-February to mid-March). While the average interest rate for individual term deposits across all 20 commercial banks was 7.758 percent in Falgun, it has been dropped to 7.246 percent for Chaitra.
NIC Asia Bank has increased the interest rate on personal term deposits in Chaitra compared to Falgun. It appears that the bank adjusted its interest rates to mana...
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