Most Commercial Banks Slash Deposit Rates for Shrawan Amid Improved Liquidity

Kathmandu — Most commercial banks in Nepal have revised their interest rates for the month of Shrawan, with the majority opting to reduce deposit rates. Out of the 20 commercial banks, 14 have lowered the maximum interest rates on personal fixed deposits, while four banks have kept their rates unchanged. Only two banks—Himalayan Bank and Standard Chartered Bank—have slightly increased the rates for individual depositors.

NIC Asia, Nepal Bank, Prabhu Bank, Everest Bank, and Citizens International Bank have all lowered their maximum interest rates on both personal and institutional fixed deposits. The highest personal fixed deposit rates now range mostly between 4.25% and 6.25%, compared to higher rates last month. Notably, NMB Bank, Global IME Bank, Siddhartha Bank, and Machhapuchchhre Bank have kept their rates stable, while banks like Nabil, Kumari, and Laxmi Sunrise have only revised personal deposit rates downward.

This trend reflects the overall decline in market interest rates amid improving liquidity in the banking system. Detailed interest rate charts are available on individual bank websites and can also be referenced through Nepal Rastra Bank’s official portal.