Bank Of Kathmandu (BOK) Publishes New Interest Rate

January 14, 2021 | Investopaper

Bank Of Kathmandu Limited (BOKL) has introduced a new interest rate on its deposit and loan products. The interest rate is applicable from Magh 1, 2077 BS [January 14, 2021].

Bank Of Kathmandu will provide a maximum of 3.50 percent interest on the saving deposits. Likewise, individual savers can receive up to 7 percent interest on the fixed deposits. The bank will offer up to 1 percent on the call deposits.

Similarly, the bank will float the loans at a interest with a premium of up to 5 percent over the base rate.

The Base Rate of Bank of Kathmandu as of Mangsir, 2077 BS is 7.67 percent. Likewise, the interest rate spread is 3.63 percent.

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The notice below shows the new interest rate provided by Bank Of Kathmandu (BOKL).