Bank interest became cheaper in July, 6 banks cut, which one has how much?
-
Media Baaji
- Thu, 16 July 2026
Kathmandu. All 20 commercial banks have announced the new deposit interest rates applicable for the month of July. Looking at the public rates, it is seen that the average interest rate of deposits has further decreased in July compared to June.
The maximum average interest rate offered by banks on personal fixed deposits has been limited to 4.17 percent for July, while it was 4.26 percent in June. The average interest rate for institutional term deposits also decreased from 3.18 percent to 3.12 percent.
The largest reduction in interest rates during this period was made by the National Commercial Bank. The bank has reduced the maximum interest rate for individual deposits by 0.75 percentage points, while it has reduced it by 1 percentage point for institutional deposits. Similarly, Global IME Bank has reduced the interest rate on personal deposits by 0.5 percentage points to 4 percent.
Related News
What is the exchange rate of which foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 149 rupees 64 paisa and the selling rate is 150 rupees 24 paisa. Similarly,...
As the real estate business gradually declined, the revenue collection also decreased
Kathmandu. It has been found that real estate transactions are gradually decreasing across the country. As the turnover is decreasing, the revenue collection has also decreased. According to the Department of Land Management and Records, which kee...
Four construction companies blacklisted, not allowed to participate in government contracts
Kathmandu. The Public Procurement Monitoring Office has blacklisted four construction businessmen and joint venture JVs based on the recommendations of various public bodies. The office has informed that according to sub-section 1 of section 63 of...
'Upper Myagdi' Hydropower Project: 50% physical progress in 13 months
Myagdi. In the 13 months since the construction of the under construction 'Upper Myagdi' hydropower project in Dhawalagiri Rural Municipality of Myagdi, 50% physical progress has been achieved. The 46.25 MW capacity project promoted by Hydro Empir...
VAT on electricity will be applicable from July 1 only
Kathmandu. The government has made it clear that the value added tax (VAT) imposed on electricity services will only be implemented from July 1. The Internal Revenue Department has said that even if the bill for electricity consumed in the month o...
Preparing to blacklist these 15 construction companies
Kathmandu. The Public Procurement Monitoring Office under the Prime Minister's Office has initiated the process of blacklisting 15 construction companies.
The office has issued a notification today and has asked the construction compan...