INVESTOPAPER
Citizens Bank International (CZBIL) has published a new interest rate for its deposit and loan products. The interest rate is applicable from July 25 , 2020 [Shrawan 10, 2077].
The bank will provide up to 5 percent in its savings deposit. Likewise, the fixed deposit will offer as high as 8.25 percent interest rate. The interest rate on recurring deposit is also 8.25 percent.
Citizens Bank will provide loans with premium above the base rate up to 5 percent. The base rate of the bank as of Ashad end, 2077 is 9.04 percent. Likewise the interest rate spread is 4.03 percent.
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The new interest rate published by Citizens Bank International is shown below:
Citizens Bank Interest Rate
Deposit Interest Rate
| S.N |
ACCOUNT NAME |
MINIMUM BALANCE |
INTEREST RATE (P.A.) |
| 1 |
Citizens Savings |
Nil |
4.00% |
| 2 |
Citizens Rastra Sewak Savings |
Nil |
4.00% |
| 3 |
Citizens Bidhyarthi Bachat |
100 |
4.00% |
| 4 |
Citizens Mahila Bachat |
500 |
4.00% |
| 5 |
Citizens Muna Bachat (Only for Minors) |
100 |
4.00% |
| 6 |
Citizens Matribhumi Bachat |
100 |
4.00% |
| 7 |
Citizens Senior Citizens Savings |
Nil |
4.00% |
| 8 |
Citizens Special Savings |
500 |
4.00% |
| 9 |
Citizens Super Savings |
1,000 |
4.00% |
| 10 |
Citizens Sharedhani Bachat Khata |
100 |
4.00% |
| 11 |
Citizens Special Super Savings Account (CSSA) |
5,000 |
4.00% |
| 12 |
Citizens Mofashal Bachat Khata |
1,000 |
4.00% |
| 13 |
Citizens Enterprise Fund Account |
Nil |
4.00% |
| 14 |
Citizens G2P Savings Account |
Nil |
4.00% |
| 15 |
Citizens Branchless Bachat |
Nil |
4.00% |
| 16 |
Citizens Ghar Dailo Savings |
500 |
4.00% |
| 17 |
Citizens Dasak Savings |
500 |
4.00% |
| 18 |
Citizens Saral Bachat Khata (CSBK) |
100 |
4.00% |
| 19 |
Citizens Golden Savings |
500 |
4.00% |
| 20 |
Citizens Smart Bachat Khata |
Nil |
4.00% |
| 21 |
Citizens Bishesh Bachat Khata |
100 |
4.50% |
| 22 |
Mero Citizens Bachat Khata |
100 |
4.50% |
| 23 |
Citizens Samrakshit Bachat Khata |
5,000 |
5.00% |
| 24 |
Citizens Talab Bachat Khata |
Nil |
5.00% |
| 25 |
Citizens Recurring Deposit(NPR) – 3 Months to 10 Years |
– |
7.25% |
| 26 |
Citizens Saving Account (FCY) |
|
|
|
USD |
20 |
1.50% |
|
Euro |
20 |
1.00% |
|
GBP |
10 |
1.00% |
| 27 |
Citizens Overseas FCY Fixed Deposit |
|
|
|
USD |
USD 10000 or equivalent |
3.00% |
|
AUD |
USD 10000 or equivalent |
3.00% |
|
GBP |
USD 10000 or equivalent |
3.00% |
|
EURO |
USD 10000 or equivalent |
1.50% |
| 28 |
Citizens Call Deposit (FCY) |
– |
Negotiable ( Subject to NRB Directive) |
| 29 |
Citizens FCY Fixed Deposit |
|
Available on Request |
| 30 |
Citizens Call Deposit (NPR) |
|
Negotiable (Subject to NRB Directive) |
|
Citizens Fixed Deposit (NPR) |
Individual |
Institutional |
| 31 |
Citizens Fixed Deposit, 3 month and above |
7.25% |
7.00% |
| 32 |
Citizens Fixed Deposit (Renewal) 3 month and above |
– |
7.10% |
| 33 |
Citizen Xtra Fixed deposit (CXFD) |
8.25% |
– |
Loan Interest Rate
Corporate Loan
| LOAN NAME |
MIN RATE |
MAX RATE |
| Term Loan |
Base Rate + 0.50% |
Base Rate + 5.00% |
| Overdraft |
Base Rate + 0.75% |
Base Rate + 5.00% |
| Working Capital Loan/ Short Term Loan/ Demand Loan/ Bridge Gap Loan/ Pledge Loan |
Base Rate + 0.75% |
Base Rate + 5.00% |
| Trust Receipt Loan |
Base Rate + 0.25% |
Base Rate + 4.75% |
| Export Finance |
Base Rate + 0.25% |
Base Rate + 4.75% |
Consumer Loans
| LOAN NAME |
MIN RATE |
MAX RATE |
| Citizens Mortgage Loan(Term Loan) |
Base Rate + 1.25% |
Base Rate + 5.00% |
| Citizens Auto Loan |
Base Rate + 1.00 % |
Base Rate + 5.00% |
| Citizens Home Loan |
Base Rate + 0.50% |
Base Rate + 5.00% |
| Citizens Education Loan |
Base Rate + 1.50% |
Base Rate + 5.00% |
| Citizens Margin Lending |
Base Rate + 1.00% |
Base Rate + 5.00% |
| Citizens Gold Loan |
Base Rate + 2.00% |
Base Rate + 5.00% |
| Citizens Bina Dhito Karja |
Base Rate + 2.00% |
Base Rate + 5.00% |
| Citizens Equipment Loan |
Base Rate + 1.50% |
Base Rate + 5.00% |
| Citizens One Zone One Product |
Base Rate + 2.50% |
Base Rate + 5.00% |
| Citizens Fast Track Loan (CFTL) |
Base Rate + 2.50% |
Base Rate + 5.00% |
| Citizens Mortgage Loan(Overdraft) |
Base Rate + 0.75% |
Base Rate + 5.00% |
| Citizens Agriculture & Enterprise Loan |
Base Rate + 1.50% |
Base Rate + 2.00% |
SME Loans
| LOAN NAME |
MIN RATE |
MAX RATE |
| Citizens SME Loan |
Base Rate + 1.00% |
Base Rate + 5.00% |
Other Loans
| LOAN NAME |
MIN RATE |
MAX RATE |
| Other Loan |
Base Rate + 2.00% |
Base Rate + 8.00% |
| Loan against first-class Bank Guarantee |
Base Rate + 1.00% |
Base Rate + 5.00% |
| Loan against Government Bond |
Higher of Coupon rate + 2% or Base rate + 2% |
– |
| Loan against Citizens Fixed Deposit Receipt and Promissory Note |
Higher of FD rate + 2% or Base rate + 2% |
– |
| NPR Loan Against FCY Fixed Deposit Receipt |
Higher of Coupon rate + 2% or Base rate + 2% |
– |
| Consortium Financing |
As per consortium decision |
– |
| Deprived Sector Loan |
|
Upto 3.00% |
| Subsidized Loan |
Defined by NRB |
Defined by NRB |
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