Falgun Interest Rate Update: Commercial Banks Revise Fixed Deposit Rates; Majority Keep Rates Unchanged

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

Out of the 20 commercial banks currently in operation, 8 have reduced their rates, while the remaining 12 banks have continued with the same rates on individual fixed deposits as in the previous month.

Global IME Bank recorded the steepest reductions, each lowering the rates on individual fixed deposits by 0.75 percentage points.

Meanwhile Citizens Bank International , Himalayan Bank, kumari Bank, Laxmi Sunrise Bank, Maccha puchre Bank, Nabil Bank, Nepal Bank, NIC Asia Bank, NMB Bank, Prabhu Bank, Rastriya Banjiya Bank and Sanima Bank have maintained the same rates as in Poush.