Tag: NBA

  • For the month of Baishakh, the NBA has decided to reduce interest rates to single digits.

    For the month of Baishakh, the NBA has decided to reduce interest rates to single digits.


     

    According to the Nepal Bankers Association (NBA), the interest rate on fixed deposits would be reduced beginning in the approaching month of Baishakh, 2080. The majority of banks indicated support for decreasing the interest rate at the Bankers’ Association meeting on Wednesday, and the decision was taken to also cut the term interest rate.

    The NBA, the umbrella organization for commercial banks, has resolved to slash interest rates. As a result, it has been agreed to reduce the interest rate on personal deposits by 10%. As a result of this change, the interest rate on fixed deposits has now fallen into the single digits.

     

  • Commercial Bank Fixed Deposit Interest Rates Remain Unchanged

    Commercial Bank Fixed Deposit Interest Rates Remain Unchanged


     

    The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged.

    The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to 8.4 percent. It has been decided to keep the rates between 6% and 8%.