Banks did not raise interest rates for the month of December, which bank’s interest rate?

kathmandu Banks have not raised interest rates on deposits.

As per the agreement of the Bankers Association, the interest rate for the month of November has been given continuity even in December. Banks and financial institutions had agreed to publish interest rates for November as well, as deposits would not increase even if interest rates were raised, but costs would increase. Most of the banks have stated that they will pay 10.05 percent interest on personal term in December. The same interest rate has been maintained in January. As per the NRB directive, banks and financial institutions will have to publish interest rates on loans and deposits for the coming month at the end of each month. As per the directive, banks and financial institutions have published interest rates for Pus today.

Lakshmi Bank, Siddharth Bank, Pyme Commercial Bank, NMB Bank, Kumari Bank Himalayan Bank, Century Commercial Bank, Machhachher Bank, Civil Bank, Sanima Bank, Krishi Vikas Bank, Sunrise Bank, Nepal Bank, Prabhu Bank, Nepal SBI Bank, NCC Bank Everest Bank, Nabil Bank, Citizen Bank, Bank of Kathmandu and Nepal Investment Bank.

Standard Chartered Bank has the lowest interest rate. It has stated that it will offer 9.50 percent interest rate on term deposits even in January. Meanwhile, Mega Bank and Rastriya Banijya Bank, which paid less than 10.05 percent interest in December, will also pay 10.05 percent in January.