Kumari Bank (KBL) Releases New Interest Rate

July 15, 2021 | Investopaper

Kumari Bank Limited (KBL) has published a new interest rate for its deposits and loans. The interest rates are effective from July 16, 2021 [Shrawan 1, 2078 BS].

The bank will provide up to a 4.00 percent interest rate in savings deposits and up to 8 percent in term (fixed) deposits. Likewise, Kumari Bank will float the loans with a premium of up to 7 percent on the base rate.

The base rate as of Jestha’s end, 2078 BS is 7.40 percent. The interest rate spread stands at 3.00 percent.

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See the notice below for the new interest rate of Kumari Bank Limited.