Commercial Banks Revise Poush Interest Rates; GBIME, PCBL and RBBL Leads with Significant Cuts

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

Out of the 20 commercial banks currently in operation, 13 have reduced their rates, while the remaining banks have continued with the same rates on individual fixed deposits as in the previous month. 

Global IME Bank, Prime Commercial Bank and Rastriya Banijya Bank recorded the steepest reductions, each lowering the rates on individual fixed deposits by 0.5 percentage points. Meanwhile, Citizens Bank International, Siddhartha Bank, Machhapuchchhre Bank, Nepal Investment Mega Bank, NIC Asia Bank, NMB Bank, and Himalayan Bank have maintained the same rates as in Mangsir.