Banks increase interest rates

With the start of the second trimester of the new fiscal year, banks have increased their interest rates. As per the notice issued on Monday, banks have increased the interest rates for fixed deposits to as high as 11.67 percent.

The interest rates are as such:

1. Himalayan Bank – 11.67

2. NIC Asia Bank – 11.1

3. Nepal Bangladesh Bank- 10.28

4. Macchapucchre Bank – 9.85

5. Kumari Bank- 10.31

6. Civil Bank – 10.61

7. NCC Bank – 10.55 percent

Similarly, interest for saving accounts has also been increased from 4 to 7.5 percent.

Interest for Home loan, High purchase Vehicle loan, Student loan etc have also been increased to up to 13.89 percent.