Kathmandu: Top commercial banksof Nepal has reduced interest rates on fixed deposits for the month of Kartik 2081(October 2024). But some banks have continued the previous month's interest rates. On an average, the interest rate of fixed deposits for individuals has now remained at 6.18 percent for the month of October. The average interest rate for October was maintained at 6.38 percent. On an average, the average interest rate of 20 banks decreased by 0.19 percentage points in 1 month.

In the period of 1 month, the interest rate of 10 banks has decreased, while 9 banks have continued the interest rate of the month of October even in October. Sanima Bank has increased the interest rate for October. In recent months, banks have been continuously reducing interest rates. There is more liquidity in the system. The loan has not been disbursed. As there is more liquidity in the system, there is a competition between banks to reduce the interest rate.

Since there is more liquidity in the system and loans cannot be disbursed, the banks have been continuously reducing interest rates for the past 1 year. Now the interest rate has reached single digits. It is seen that the investors of the stock market will benefit if the interest rate continues to fall.