Commercial Banks Revise Fixed Deposit Rates for Jestha: NIMB Slashes, SANIMA Leads the Hike

Commercial banks have published their revised fixed deposit (FD) interest rates for the month of Jestha. While most banks have kept their rates unchanged compared to the previous month of Baisakh, a few have made adjustments.

Out of the 20 commercial banks, 14 banks maintained the same interest rates as in Baisakh, whereas the remaining 6 banks revised their rates, with three banks decreasing and three increasing their rates.

Nepal Investment Mega Bank Limited (NIMB) made the steepest cut, reducing its individual fixed deposit rate by 1 percentage point, from 6.50% in Baisakh to 5.50% in Jestha.

Similarly, Siddhartha Bank Limited (SBL) lowered its rate by 0.25 percentage points, and Kumari Bank Limited (KBL) made a slight decrease of 0.01 percentage points.

Among the banks that increased individual FD rates, Sanima Bank Limited (SANIMA) led with a rise of 0.38 percentage points.

Nepal Bank Limited (NBL) followed with a 0.30 percentage point increase, while Everest Bank Limited (EBL) saw a marginal hike of 0.03 percentage points.

Additionally, Rastriya Banijya Bank Limited (RBBL) increased its institutional fixed deposit rate by 1 percentage point, from 3.00% to 4.00%.