KATHMANDU: Nepal's commercial banks have announced their interest rates for the Nepali month of Poush.
As of Sunday, 14 commercial banks have kept their rates unchanged from the previous month of Mangsir. However, three banks have slightly raised their interest rates, while three others have lowered them.
NMB Bank, Prime Commercial Bank, and Krishi Bikas Bank have increased their interest rates for Poush, while Nepal Bank, Sanima Bank, and NIC Asia Bank have reduced their rates compared to Mangsir.
Specifically, Nepal Bank has cut its rate by 0.35 percentage points to 5.56% for individual term deposits, NIC Asia has lowered its rate by 0.19 percentage points to 6.6%, and Sanima Bank has decreased its rate by 0.1 percentage points to 6.05%.
In contrast, Agricultural Development Bank has raised its interest rate by 0.033 percentage points to 5.53%, Prime Commercial Bank has increased its rate by 0.5 percentage points to 6.25%, and NMB Bank has boosted its rate by 1.03 percentage points to 6.6%.
The remaining banks, including Laxmi Sunrise Bank, Citizens Bank, Global IME Bank, Nabil Bank, Kumari Bank, Machhapuchhre Bank, Siddhartha Bank, Nepal SBI Bank, Everest Bank, Rastriya Banijya Bank, Prabhu Bank, Standard Chartered Bank, Nepal Investment Bank, and Himalayan Bank, have kept their interest rates unchanged from Mangsir.
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