Kumari Bank has increased interest rate of fixed deposit to 13% annually. Depositor should deposit for 3 years. Minimum Balance of Rs.10,000 can be deposit as fixed deposit. Interest will be provided in monthly basis. This interest rate is only for personal depositor.
Machhpuchchhre Bank starts giving interest rate of 12.5% on fixed deposit for 5 years.
Janata Bank Nepal starts giving 12% on fixed deposit. Must deposit minimum Rs.1 lakh or more for 75 days & above.
With increase in interest rate all most all sector will be affected. Share market will be affected, as many investors who don’t want to take risk will shift their portfolio to fixed deposit. Definitely lending rate also increase with hike in FD rate. This will affect Business & other sector negatively.
