Mahalaxmi Bikas Bank Publishes New Interest Rate

July 15, 2021 | Investopaper

Mahalaxmi Bikas Bank has released a new interest rate for its various deposit and loan products. The new rates are applicable from July 16, 2021 [Shrawan 1, 2078 BS].

The national-level development bank will provide up to 5.50 percent interest on savings deposits, 1.75 percent interest on call deposits, and 8 percent interest on the fixed deposit.

Similarly, the bank will float the loans at a premium of up to 6 percent over the base rate. The base rate of the bank as of Jestha’s end, 2078 BS is 7.84 percent.

You May Also Like: Shangrila Development Bank Interest Rate

See the notice below for the full information regarding the interest rate of Mahalaxmi Bikas Bank on its different products: