The average maximum interest rate on personal fixed deposits dropped to 4.1675% in Shrawan, down from 4.258% of Ashar, while the average rate for institutional deposits slid to 3.116% for Shrawan down from 3.18% of Ashar.
Shrawan Interest Rate Adjustments By Bank
Here is the structured breakdown of the changes implemented by individual banks for the month of July:
1. Banks That Reduced Rates
Rastriya Banijya Bank (RBB): Slashed individual deposit rates by 0.75 percentage points and institutional rates by a full 1.0 percentage point.
Global IME Bank: Reduced its individual interest rate by 0.5 percentage points, bringing it down to 4.0%.
NMB Bank: Slashed its rates by 0.25 percentage points.
Citizens Bank International: Cut its rates by 0.15 percentage points.
Standard Chartered Bank: Slashed its interest rates by 0.10 percentage points.
Kumari Bank: Lowered its rates marginally by 0.06 percentage points.
2. Banks with Mixed Adjustments / Hikes
Nepal Bank (NBBL): Opted for a split decision. It kept the personal interest rate stable at 4.25%, but increased its institutional deposit rate by 1.0 percentage point, bringing it to 4.0%.
3. Banks Keeping Rates Stable
A majority of the remaining major lenders—13 commercial banks in total—decided not to change their pricing and extended their existing Ashar rates into Shrawan. This group includes:
- Nabil Bank
* Prabhu Bank
* Nepal Investment Mega Bank (NIMB)
* Sanima Bank
* Machhapuchchhre Bank
