Commercial Banks Revise Kartik Interest Rates; Machhapuchchhre Bank and NMB Bank Leads with Significant Cuts

Commercial banks have published new interest rates for the month of Kartik, showing a decline compared to Ashwin.

Out of the 20 commercial banks currently in operation, 14 have reduced their rates, while six banks have continued with the same rates on individual fixed deposits as in the previous month. 

Machhapuchchhre Bank and NMB Bank recorded the steepest reductions, each lowering the rates on both individual and institutional fixed deposits by 1 percentage point. Meanwhile, Nepal Bank, Siddhartha Bank, Rastriya Banijya Bank, Kumari Bank, Global IME Bank, and Himalayan Bank have maintained the same rates as in Ashwin.