Muktinath Bikas Bank scales up interest yield to 10% for personal FD depositors; institutional depositors to receive 9.5% for their deposits

Muktinath Bikas Bank has massively scaled up the interest rate for its personal Fixed deposit product where the depositors will now get 10% interest for their deposits of up to three months.

In addition, The development bank is providing 9.5% interest for the institutional depositors opting for FD product of three months.

The bank will make monthly interest payments in both personal and institutional FD products and the new rates will be applicable from Aswin 1, as per the media statement.