Kathmandu. Commercial banks have announced new interest rates. According to the decision of Nepal Bankers Association, commercial banks have decided their respective badger for the coming month of July. For the month of July, some banks have increased the interest rate and some have reduced it and published it. Banks have maintained an average interest rate of 9.72 percent for the month of July.

According to the interest rate published by the banks, NMB Bank has the highest rate. The bank is going to give an interest rate of up to 10.98 percent on term deposits. However, this is the interest rate of fixed deposits for a period of more than 10 years. The bank has set an interest rate of 9.75 percent for deposits below that period.

Similarly, Prime Commercial Bank is in the second place. The bank is going to give a maximum interest rate of 10.93 percent on term deposits. NIC Asia Bank, which is in third place, is also going to give 9.93 percent interest.

Nabil Bank has set an interest rate of 10.49 percent. However, the lowest standard is chartered. The bank has set an interest rate of 8.95 percent on fixed deposits. Similarly, Kumari Bank has set an interest rate of 10.01 percent.

Similarly, Himalayan Bank, Global IME Nepal Investment Mega Bank, Citizens Bank, Lakshmi Sunrise Bank have fixed the same interest rate i.e. 9.99 percent.

On the other hand, Krishi Bikas Bank has fixed the interest rate at 9.51 percent, Siddharth Bank at 9.50 percent, Prabhu at 9.50 percent and Everest Bank at 100 percent.

Sanima Bank fixed interest rate of 9.25 percent, Nepal SBI 9.10 percent, Machhapuchhre 9 percent, Rashtriya Commercial Bank 8.99 percent, Nepal Bank 8.99 percent interest rate for term deposits in the coming July.