Commercial Banks Cut Interest Rates, Again

Jul 15, 2024 09:22 AM Merolagani



Commercial banks have published new interest rates for the upcoming month of Shrawan. As per the published notices, the average interest rates of the banks have declined for the upcoming month as well

The banks that are providing an average interest of 6.87 percent points in individual fixed deposits in Ashad are set to provide 6.73 percent point interest in Shrawan. The interest rates declined by average 0.13 percent point in individual fixed deposits.

Out of 20 operational commercial banks, thirteen banks cut their interest rates, five have continued the same rate while two of them have raised their interest rates.




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