October 14, 2026, Wednesday
English

Most of the commercial banks have reduced the interest rate for the month of February, how much?

Main News Image

Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest rate of banks has decreased in the month of February towards personal term deposits. This interest rate, which was 4.68 percentage points in January, decreased by 0.11 percentage points to 4.56 percentage points in February.

Similarly, the interest rate of institutional term deposits has also come down. The maximum average interest rate in this regard has decreased by 0.05 percentage points. In the month of February, 9 commercial banks have reduced the maximum interest rate of personal term deposits. Out of which Global IME Bank has reduced the most by 0.75 percentage points. The bank's maximum interest rate on personal fixed deposits, which was 5.5 percent in January, has come down to 4.75 percent in February. 

11 banks have continued the rate of the month of January in the maximum interest rate for such a period.

Nepal Bank is going to give the highest interest on personal term deposits in the month of February. This bank is going to give interest at the maximum rate of 5.1 percent. Similarly, the lowest interest rates are from Standard Chartered, Krishi Bikas Bank, Prime Commercial, Nepal SBI, Everest and Siddharth Bank. These banks will give interest at the maximum rate of 4.25 percent.

mediabaaji add

Related News

China to launch new action plan to strengthen digital currency management and operations

Kathmandu. China has announced that it will launch a new 'action plan' to strengthen the management and operation of its digital currency from January 1. Lu Lei, the deputy governor of People's Bank of China PBOC, the country's central bank, gave...

Foreign currency exchange rates: What is the price of the US dollar and the pound?

Kathmandu.  Nepal Rastra Bank has set the foreign currency exchange rate for today. According to the new rate determined by the Central Bank, the buying rate of one US dollar is 153 rupees 24 paisa and the selling rate is 153 rupees 84 paisa....

The price of the dollar exceeded 153 rupees, the selling rate of the Kuwaiti dinar was 500 rupees

Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 152 rupees 96 paise and the selling rate is 153 ru...

An increase of 39.92 points in NEPSE, turnover of 6 billion 28 crores

Kathmandu. On the first trading day of the week, NEPSE index increased by 39.92 points to 2600.22.  During the day, 1 crore 33 lakh 81 thousand 926 shares of 334 companies were bought and sold, and over 6 billion...

Shikhar Power's IPO allotment, 24 lakh 66 thousand applicants empty handed

Kathmandu. Shikhar Power Development Limited opened the sale to the general public from February 17th to 26th, and the IPO was distributed today on March 3rd by Global IME Capital Limited, the sales manager. The company got permission from the Nep...

Courage Energy and NRN Infrastructure have applied to the Securities and Exchange Board to issue 100 percent rights.

Kathmandu. Two companies have sought permission from the Nepal Securities Board to issue rights. Courage Urja Limited and NRN Infrastructure Development Limited have applied to the board demanding issuance of rightful shares at 100 percent rate.&n...