Siddhartha Bank (SBL) Introduces New Interest Rate

July 15, 2021 | Investopaper

Siddhartha Bank (SBL) 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 4 percent in savings deposits and 7 percent in individual fixed deposits.

Likewise, the loans will be floated with a premium of up to 5 percent on the base rate. The base rate as of Jestha’s end, 2078 BS is 6.69 percent. The interest rate spread is 3.58 percent.

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For full information, see the notice published by the bank below.