Shangrila Development Bank New Interest Rate

July 15, 2021 | Investopaper

Shangrila Development Bank Limited has released a new interest rate on its deposit and loans. The rates are effective from July 16, 2021 [Shrawan 1, 2078 BS].

The national-level development bank will provide up to 4 percent interest on the savings deposit. Likewise, the maximum interest rate on the term or fixed deposit is 8.25 percent.

Similarly, Shangrila Development Bank will float the loans at a premium of up to 7.50 percent over the base rate. The base rate as of Jestha’s end, 2078 BS is 8.26 percent.

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See the interest rates offered by Shangrila Development Bank in the notice below: