Everest Bank starts reducing deposit rates

Everest Bank Limited has started lowering interest rates on its deposit products. The bank has slashed its highest Fixed Deposit rate by 50 basis points. As per the press release published by the bank today, it stated that due to recent Nepal Rastra Bank’s directive, the bank is reducing its interest rates. It is also gradually cutting down its call deposit rates. Lowering the deposit rates in present context will ultimately help entrepreneurs to avail the credit in reasonable rates. Currently, the bank is rendering professionalized & efficient banking services through its 60 branches, 6 Extension Counters, 25 Revenue Collection Counters, 86 ATMs and many correspondents across the globe.