Jestha Interest Rate Update; Several Banks Cut Individual FD Rates, Which Bank Offers the Highest Return?

Commercial banks have published new fixed deposit (FD) interest rates for the month of Jestha, with most banks either maintaining existing rates or making slight downward adjustments on individual deposits.

According to the updated rates for the month of Jestha, NMB Bank continues to offer the highest individual FD interest rate among commercial banks at 4.8 percent, despite reducing its previous rate of 5 percent. In contrast, Kumari Bank offers the lowest FD Interest rate of 3.96 percent for the month of Jestha.

Meanwhile, Himalayan Bank, Nepal Bank and NIC Asia Bank reduced individual FD rates by 0.25 percentage points each. Standard Chartered Bank Nepal also cut its individual FD rate by 0.10 percentage points.

On the institutional deposit side, Citizens Bank International increased its FD rate by 0.5 percentage points to 3.5 percent, marking the highest upward revision among commercial banks. In contrast, Kumari Bank, Standard Chartered Bank and NIC Asia Bank reduced institutional FD rates by 0.49, 0.27 and 0.25 percentage points respectively.

Twelve banks, including Agricultural Development Bank, Everest Bank, Global IME Bank, Laxmi Sunsrise Bank, Machhapuchchhre Bank, Nabil Bank, Nepal Investment Mega Bank, Nepal SBI Bank, Prabhu Bank, Prime Commercial Bank, Sanima Bank and Rastriya Banijya Bank, kept their FD rates unchanged for Jestha.