Jyoti Bikas Bank Releases New Interest Rate

July 15, 2021 | Investopaper

Jyoti Bikas Bank (JBBL) has released a new interest rate for its deposit and loan products. The interest rates are effective from July 16, 2021 [Shrawan 1, 2078 BS].

The development bank will provide up to an 8.25 percent interest rate on the fixed deposit products. Likewise, the savings deposit will provide up to 3.25 percent interest per annum. The bank offers a 1.62 percent interest rate on the call deposits.

In the case of lending, Jyoti Bikas Bank will provide loans with a premium of up to 7 percent over the base rate. The base rate as of Chaitra’s end, 2077 BS is 8.57 percent.

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See the new interest rates provided by Jyoti Bikas Bank in the notice below: