Interest Rate In Development Banks Of Nepal

October 19, 2021 | Investopaper

Here, we have presented the interest rates offered by national level ‘B’ class banks (development banks) on their various deposit and loan products. At current, there are 8 national level development banks operating in Nepal.

Note: The interest rates are effective from October 18, 2021 [Karthik 1, 2078 B]. At present, the rates may vary.


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List of ‘B’ Class Development Banks In Nepal

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Development Banks’ Interest Rates On Deposits And Loans

Interest Rate Of Garima Bikas Bank (GBBL)


Interest Rate Of Jyoti Bikas Bank (JBBL)


Interest Rate Of Kamana Sewa Bikas Bank


Interest Rate Of Mahalaxmi Bikas Bank (MBBL)


Interest Rate Of Lumbini Bikas Bank (LBBL)


Interest Rate Of Shangrila Development Bank (SADBL)


Interest Rate Of Shine Resunga Development Bank (SHINE)


Interest Rate Of Muktinath Bikas Bank (MNBBL)

INTEREST RATE ON DEPOSIT

PRODUCT INTEREST RATE(PER ANNUM) PAYMENT ON MINIMUM BALANCE
1. Normal Saving 5.61% Quarterly Basis Rs. 500
2. Muktinath Premium Bachat 5.61% Quarterly Basis Rs. 1000
3.Muktinath Special Premium Bachat 5.61% Quarterly Basis Rs. 2000
4. Muktinath Super Premium Bachat 6.61% Quarterly Basis Rs. 5000
5. Muktinath Sambriddhi Bachat Khata 6.51% Monthly Basis Rs.100
6.Muktinath Utkrishta Bachat Khata 7.61% Monthly Basis Rs.10,000
7.Current Account Rs. 5000
8.Current Account Other * Rs. 1000
9.Mahila Pewa Bachat 5.61% Quarterly Basis Rs. 500
10.Sunaulo Bal Shichha Bachat 5.61% Quarterly Basis
11. Baidesik Rojgar Bachat 5.61% Quarterly Basis Rs. 500
12. Micro Personal Saving 5.61% Quarterly Basis Rs. 100
13. Other Micro Savings 5.61% Quarterly Basis Rs. 100
14. Karmachari Bachat 6.11% Quarterly Basis
15. Sharedhani Bachat Khata 5.61% Quarterly Basis Rs. 100
16. Beema Bachat 5.61% Quarterly Basis Rs. 100
17. Provident Fund Account 5.61% Quarterly Basis
18. Samajik Surakchha Bhatta Khata 5.61% Quarterly Basis
19. Aatmanirbhar Bachat Khata 6.51% Quarterly Basis
20. Sajilo Bachat 5.61% Quarterly Basis
21. Mero Pahilo Bachat Khata 5.61% Quarterly Basis
22. Muktinath PMS Khata 5.61% Quarterly Basis
23. Muktinath Jeevan Bardan Bachat Khata 5.61% Monthly Basis Rs.5000
24.Muktinath Jeevan Bardan Plus Bachat Khata 5.61% Monthly Basis Rs.5000
25.Muktinath Jeevan Bardan Premium Bachat Khata 5.61% Monthly Basis Rs.5000
26. Byaktigat Upalabdhi Khata 5.61% Quarterly Basis
27.Sansthagat Upalabdhi Khata As per NRB Directive Quarterly Basis
28. FCY Deposit ($,£,€,AUD) Up to 1.50% Quarterly Basis  10
29.Call Depost Account As per NRB Directive Quarterly Basis

 

FIXED DEPOSIT (Effective from 2078/07/01)

Product Interest Rate(Per Annum) Payment Frequency Minimum Balance
1. Individual Fixed Deposit Product 
3 Months and above* 10.61%  Monthly/Quarterly Rs.5000
2. Institutional Fixed Deposit Product
3 Months and above* 10.61%  Monthly/Quarterly Rs.5000
3.Muktinath Pension Scheme 10.61%  Monthly/Quarterly Rs.50
4.Recurring Deposit 10.61%  Monthly/Quarterly Rs.500

*The maturity period of FD should not exceed more than 10 years.

LOAN AND ADVANCE

A.Loan with Floating Interest Rates

PRODUCT FLOATING INTEREST BAND
1. Business Loan Base Rate + Premium up to 6.00%
2. Agriculture Loan Base Rate + Premium up to 6.00%
3. Home Loan (new construction & purchase) Base Rate + Premium up to 6.00%
4. Home Equity Loan Base Rate + Premium up to 6.00%
5. Auto Loan Base Rate + Premium up to 6.00%
6. Hirepurchase Loan(new) Base Rate + Premium up to 6.00%
7. Hirepurchase Loan(old) Base Rate + Premium up to 6.00%
8. Real Estate Loan Base Rate + Premium up to 6.00%
9. Personal Loan Base Rate + Premium up to 6.00%
10.Share Loan Base Rate + Premium up to 6.00%
11.Mortgage Loan Base Rate + Premium up to 6.00%
12.Professional Loan Base Rate + Premium up to 6.00%
13. Muktinath Sulav Byawasaya Karja Base Rate + Premium up to 6.00%
14. Consumer Loan Base Rate + Premium up to 6.00%
15. Gold Loan Base Rate + Premium up to 6.00%
16. Other Loans Base Rate + Premium up to 6.00%
17. Small & Micro Credit (Retail) Base Rate + Premium up to 6.00%
18. Small & Micro Credit (wholesale) Base Rate + Premium up to 3.00%
19. Loan Against Fixed Deposit (upto 90.00%) Coupon Rate Plus 2.00% or Base Rate whichever is higher

B.Fixed Interest Rate for Term Loan of Individual above 1 Year 

B.1. For  Normal Individual Term Loan Interest Rate Per Annum
SN Time Period Minimum Rate Maximum rate
1 Up to 5 Years Base Rate of immediate previous month up to 14.00%
2 More than 5 Years up to 10 Years up to 14.25%
3 More than 10 Years up to 14.50%

 

B.2 For Micro Finance Individual Term Loan Interest Rate Per Annum
SN Time Period Minimum Rate Maximum rate
1 Up to 5 Years Base Rate of immediate previous month up to 14.50%
2 More than 5 Years up to 10 Years up to 14.75%
3 More than 10 Years up to 15.00%
Base Rate as of Bhadra,2078 8.05%

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