Kathmandu. Development banks have reduced interest rates for the month of March. As the liquidity in the banking sector becomes easier, the development banks are also continuously reducing the interest rates. The continuously decreasing interest rate has been continued even in March. The interest rate reduced by development banks will be effective from 1st of Chait. However, after Nepal Rastra Bank arranged that the difference between institutional and individual deposits should be 1 percent, some banks have increased the interest rate for institutional.

According to the data received, 15 development banks have reduced the average interest rate on term deposits by 0.49 percent for individuals and increased the interest rate for institutions by 0.22 percent. In March, the average interest rate of development banks was 8.42 percent for individuals and 7.14 percent for institutions.

Sangrila, Shine Resunga Development Bank and Muktinath Bikas Bank have reduced the interest rate by 0.35 percent to 8.05 percent for individuals and increased by 0.65 percent to 7.05 percent for institutions.

The interest rate of Sindhu Bikas Bank decreased by 0.5 percent to 8.51 percent for individuals and increased by 0.2 percent to 7.21 percent for institutional, Saptakoshi Development Bank's interest rate decreased by 0.95 percent to 9.05 percent and increased by 0.05 percent to 8.05 percent for institutional. are set

Mahalaxmi Development Bank has reduced the interest rate by 0.35 percent to 8.05 percent for individuals and 6.05 percent for institutions. Kamana Seva Development Bank has reduced the interest rate by 0.35 percent to 8.15 percent for individuals and 6.5 percent for institutions.

The interest rate of Miteri Development Bank has been reduced by 0.5 percent to 8.5 percent on the personal side and 0.5 percent on the institutional side to 7.50 percent. The interest rate of Excel Development Bank has decreased by 0.1 percent to 8.40 percent for individuals and increased by 0.9 percent to 7.40 percent for institutions.

The interest rate of Corporate Development Bank decreased by 0.64 percent to 9.11 percent for individuals and increased by 0.26 percent to 8.11 percent for institutional. The interest rate of Lumbini Development Bank has been reduced by 0.35 percent to 8.75 percent for personal and 6.40 percent for institutional.

Green Development Bank has reduced the interest rate by 0.25 percent to 8.75 percent for individuals and increased by 0.75 percent to 7.75 percent for institutions. Jyoti Bikas Bank has reduced the interest rate by 0.45 percent to 8.05 percent for individuals and 6.05 percent for institutions.

Garima Bikas Bank has reduced the interest rate by 0.35 percent to 8.05 percent for individuals and 6.60 percent for institutions. Karnali Development Bank has fixed the interest rate of 9.5 percent for individuals and 1 percent for institutions to 8.5 percent. The data of Narayani Development Bank has not been received.