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