Here’s what you should know about the changes in Interest Rates of Commercial Banks for the month of Falgun 2081
Published: 16 February, 2025 | By: Tathyanka Admin
Banks and Financial Institutions in Nepal have announced their interest rates for the month of Falgun 2081. The revised rate is effective from Falgun 1. This month we could not see much changes in interest rates as many banks have remained silent to the changes and have continued same interest rates as that of Magh 2081.
In this article we shall look into the revised interest rates of Commercial Banks for the month of Falgun 2081.
Saving Account:
Out of 20 Commercial Banks, 14 Banks published their minimum interest rate on saving account as 3% while 6 of the remaining Banks published different rate. NIC Asia Bank offered highest interest rate on lower band of saving account with rate of 3.10%. Maximum rate on saving account was also offered by NIC ASIA Bank with rate of 5.10%. Average rate of maximum saving account offered by commercial bank stands at 4.48%. Interestingly, none of the Bank’s changed their minimum and maximum interest rates offerings on saving account for the month of Falgun. This means all the minimum and maximum rates published for the month of Falgun is same as that of Magh.
|
Banks |
Saving Account |
|||||
|
Falgun 2081 |
Magh 2081 |
Change |
Falgun 2081 |
Magh 2081 |
Change |
|
|
NIMB |
3.00% |
3.00% |
No Change |
5.00% |
5.00% |
No Change |
|
NABIL |
3.00% |
3.00% |
5.00% |
5.00% |
||
|
NMB |
3.00% |
3.00% |
4.50% |
4.50% |
||
|
Laxmi Sunrise |
3.00% |
3.00% |
5.00% |
5.00% |
||
|
Citizens Bank |
3.00% |
3.00% |
4.50% |
4.50% |
||
|
RBB |
3.00% |
3.00% |
3.25% |
3.25% |
||
|
GIME |
3.00% |
3.00% |
3.50% |
3.50% |
||
|
Machapuchhre |
3.00% |
3.00% |
5.00% |
5.00% |
||
|
Prime |
3.00% |
3.00% |
4.95% |
4.95% |
||
|
SCB |
3.00% |
3.00% |
4.05% |
4.05% |
||
|
Nepal Bank |
3.00% |
3.00% |
5.00% |
5.00% |
||
|
EBL |
3.00% |
3.00% |
4.05% |
4.05% |
||
|
ADBL |
3.00% |
3.00% |
4.76% |
4.76% |
||
|
Prabhu |
3.00% |
3.00% |
5.00% |
5.00% |
||
|
Kumari |
3.01% |
3.01% |
4.51% |
4.51% |
||
|
Nepal SBI |
3.02% |
3.02% |
3.22% |
3.22% |
||
|
HBL |
3.04% |
3.04% |
4.60% |
4.60% |
||
|
Sanima |
3.04% |
3.04% |
4.04% |
4.04% |
||
|
Siddhartha |
3.05% |
3.05% |
4.55% |
4.55% |
||
|
NICA |
3.10% |
3.10% |
5.10% |
5.10% |
||
Call Account:
Highest rate on Call Account was published by NIC ASIA Bank of 1.55%. Siddhartha Bank is the only bank which revised the interest on Call Account for the month of Falgun. Siddhartha Bank reduced its interest rates by 0.5% as compared to Magh from 1% to 1.5%.
|
Commercial Banks |
Falgun 2081 |
Magh 2081 |
Change |
|
NIMB |
1.500% |
1.500% |
No Change |
|
NABIL |
1.500% |
1.500% |
|
|
NMB |
1.500% |
1.500% |
|
|
Laxmi Sunrise |
1.500% |
1.500% |
|
|
Citizens Bank |
1.500% |
1.500% |
|
|
RBB |
1.000% |
1.000% |
|
|
GIME |
1.500% |
1.500% |
|
|
Machapuchhre |
1.500% |
1.500% |
|
|
Prime |
1.500% |
1.500% |
|
|
SCB |
1.500% |
1.500% |
|
|
Nepal Bank |
1.500% |
1.500% |
|
|
EBL |
1.500% |
1.500% |
|
|
ADBL |
1.500% |
1.500% |
|
|
Prabhu |
0.500% |
0.500% |
|
|
Kumari |
1.505% |
1.505% |
|
|
Nepal SBI |
1.510% |
1.510% |
|
|
HBL |
1.520% |
1.520% |
|
|
Sanima |
1.520% |
1.520% |
|
|
NICA |
1.550% |
1.550% |
|
|
Siddhartha |
1.500% |
1.000% |
0.500% |
Fixed Deposit:
Individual FD:
On Individual fixed deposit most of the Banks have given continuity to their earlier interest rates. Maximum rate on Fixed Deposit for duration less than 1 year is published by Prime Bank of 5.75%. Agriculture Development Bank published the rate of 3.75% which is the lowest amongst peer for duration less than 1 year. For Fixed Deposits on individual accounts for duration up to 1-year, Prime Bank itself published the highest rate of 6% and lowest interest rate is offered by ADBL with rate of 4%. For Fixed Deposit of duration more than 1-year, NMB bank offered maximum rate of 6.6% whereas lowest rate is offered by Nepal SBI Bank of 5.5%.
|
Commercial Banks |
Falgun 2081 |
Magh 2081 |
Change |
Falgun 2081 |
Magh 2081 |
Change |
Falgun 2081 |
Magh 2081 |
Change |
|
Less Than 1 Year (Max) |
1 Year |
More than 1 Year (Max) |
|||||||
|
NIMB |
5.00% |
5.00% |
0.00% |
5.00% |
5.00% |
0.00% |
6.50% |
6.50% |
0.00% |
|
NABIL |
5.00% |
5.00% |
0.00% |
5.00% |
5.00% |
0.00% |
5.75% |
5.75% |
0.00% |
|
NMB |
4.00% |
4.00% |
0.00% |
4.00% |
4.00% |
0.00% |
6.60% |
6.60% |
0.00% |
|
Laxmi Sunrise |
4.50% |
4.50% |
0.00% |
5.00% |
5.00% |
0.00% |
5.75% |
5.75% |
0.00% |
|
Citizens Bank |
5.00% |
5.15% |
-0.15% |
5.25% |
5.50% |
-0.25% |
5.65% |
5.65% |
0.00% |
|
RBB |
4.00% |
4.00% |
0.00% |
4.00% |
4.00% |
0.00% |
6.00% |
6.00% |
0.00% |
|
GIME |
4.50% |
4.50% |
0.00% |
5.00% |
5.00% |
0.00% |
6.00% |
5.75% |
0.25% |
|
Machapuchhre |
3.75% |
3.75% |
0.00% |
5.00% |
5.00% |
0.00% |
6.00% |
6.00% |
0.00% |
|
Prime |
5.75% |
5.75% |
0.00% |
6.00% |
6.00% |
0.00% |
6.25% |
6.25% |
0.00% |
|
SCB |
4.00% |
4.00% |
0.00% |
4.25% |
4.25% |
0.00% |
6.25% |
6.25% |
0.00% |
|
Nepal Bank |
4.20% |
4.20% |
0.00% |
4.20% |
4.20% |
0.00% |
5.60% |
5.60% |
0.00% |
|
EBL |
4.25% |
4.25% |
0.00% |
4.25% |
4.25% |
0.00% |
6.00% |
6.00% |
0.00% |
|
ADBL |
3.75% |
4.01% |
-0.26% |
4.00% |
4.26% |
-0.26% |
5.51% |
5.51% |
0.00% |
|
Prabhu |
5.10% |
5.10% |
0.00% |
5.10% |
5.10% |
0.00% |
6.10% |
6.10% |
0.00% |
|
Kumari |
5.01% |
5.01% |
0.00% |
5.51% |
5.51% |
0.00% |
5.91% |
5.91% |
0.00% |
|
Nepal SBI |
4.30% |
4.30% |
0.00% |
4.51% |
4.51% |
0.00% |
5.50% |
5.50% |
0.00% |
|
HBL |
4.50% |
4.50% |
0.00% |
4.75% |
4.75% |
0.00% |
6.25% |
6.25% |
0.00% |
|
Sanima |
5.30% |
5.30% |
0.00% |
5.30% |
5.30% |
0.00% |
6.05% |
6.05% |
0.00% |
|
Siddhartha |
4.60% |
4.60% |
0.00% |
5.50% |
5.50% |
0.00% |
6.00% |
6.00% |
0.00% |
|
NICA |
4.00% |
4.00% |
0.00% |
5.25% |
5.00% |
0.25% |
6.60% |
6.60% |
0.00% |
Institutional Fixed Deposit
On Institutional fixed deposit side also most of the Banks have given continuity to their earlier interest rates. On Institutional Fixed Deposit for duration less than a year, highest rate of interest is published by Prime Bank with rate of 3.75%. Most of the Bank published lowest rate of 3% for fixed deposit with duration less than 1 year. Surprisingly, Siddhartha Bank did not published rate for fixed deposit of duration less than a year. For fixed deposit of 1 year, Sanima Bank offered highest rate of 4.3%. For Fixed Deposit for duration of 1 year, Citizen’s Bank is the only bank which decreased the interest rates by 0.35% as compared to Magh publishing rate as 4.15% from erstwhile 4.5%. For duration more than a year, highest rate of 5.6% interest is offered by NIC ASIA Bank. Lowest rate was offered by Agriculture Development Bank of 3.25% for that duration.
|
Commercial Banks |
Falgun 2081 |
Magh 2081 |
Change |
Falgun 2081 |
Magh 2081 |
Change |
Falgun 2081 |
Magh 2081 |
Change |
|
Less Than 1 Year (Max) |
1 Year |
More than 1 Year (Max) |
|||||||
|
NIMB |
3.15% |
3.15% |
0.00% |
3.15% |
3.15% |
0.00% |
5.10% |
5.10% |
0.00% |
|
NABIL |
3.00% |
3.00% |
0.00% |
3.00% |
3.00% |
0.00% |
4.25% |
4.25% |
0.00% |
|
NMB |
3.00% |
3.00% |
0.00% |
3.00% |
3.00% |
0.00% |
5.60% |
5.60% |
0.00% |
|
Laxmi Sunrise |
3.50% |
3.50% |
0.00% |
4.00% |
4.00% |
0.00% |
4.50% |
4.50% |
0.00% |
|
Citizens Bank |
3.00% |
3.00% |
0.00% |
3.65% |
4.00% |
-0.35% |
4.15% |
4.50% |
-0.35% |
|
RBB |
3.00% |
3.00% |
0.00% |
3.00% |
3.00% |
0.00% |
3.50% |
3.50% |
0.00% |
|
GIME |
3.00% |
3.00% |
0.00% |
3.50% |
3.50% |
0.00% |
4.50% |
4.25% |
0.25% |
|
Machapuchhre |
3.00% |
3.00% |
0.00% |
3.50% |
3.50% |
0.00% |
4.00% |
4.00% |
0.00% |
|
Prime |
3.75% |
3.75% |
0.00% |
4.00% |
4.00% |
0.00% |
4.00% |
4.00% |
0.00% |
|
SCB |
3.00% |
3.00% |
0.00% |
3.25% |
3.25% |
0.00% |
3.25% |
3.25% |
0.00% |
|
Nepal Bank |
3.00% |
3.00% |
0.00% |
3.00% |
3.00% |
0.00% |
4.15% |
4.15% |
0.00% |
|
EBL |
3.25% |
3.25% |
0.00% |
3.25% |
3.25% |
0.00% |
5.00% |
5.00% |
0.00% |
|
ADBL |
3.00% |
3.00% |
0.00% |
3.00% |
3.00% |
0.00% |
3.25% |
3.25% |
0.00% |
|
Prabhu |
3.10% |
3.10% |
0.00% |
3.10% |
3.10% |
0.00% |
5.10% |
5.10% |
0.00% |
|
Kumari |
3.03% |
3.03% |
0.00% |
3.25% |
3.25% |
0.00% |
4.91% |
4.91% |
0.00% |
|
Nepal SBI |
3.30% |
3.30% |
0.00% |
3.51% |
3.51% |
0.00% |
4.50% |
4.50% |
0.00% |
|
HBL |
3.00% |
3.00% |
0.00% |
3.50% |
3.50% |
0.00% |
5.25% |
5.25% |
0.00% |
|
Sanima |
3.50% |
3.50% |
0.00% |
4.30% |
4.30% |
0.00% |
4.30% |
4.30% |
0.00% |
|
Siddhartha |
*Not Published |
*Not Published |
3.50% |
3.50% |
0.00% |
5.00% |
5.00% |
0.00% |
|
|
NICA |
3.05% |
3.00% |
0.05% |
3.25% |
3.00% |
0.25% |
5.60% |
5.60% |
0.00% |
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