October 16, 2020 | Investopaper
Nepal Investment Bank (NIBL) has introduced new interest rate on its deposit and loan products. The interest rate is applicable from October 17, 2020 (Karthik 1, 2077).
The bank offers up to 4.25 percent interest on its savings deposits. Likewise, in case of fixed deposit, NIBL will provide up to 9 percent interest rate. The bank also has ‘Green Double Deposit’ scheme which ensures to double the fixed deposit in 8.5 years.
Similarly, Nepal Investment Bank will float loans at a premium of up to 5 percent over the base rate.
The base rate of the bank as of Shrawan end, 2077 is 7.33 percent. The interest rate spread is 4.38 percent.
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See the full information regarding the interest rate of Nepal Investment Bank below:
Nepal Investment Bank (NIBL) Interest Rate
Effective from October 17, 2020