Savings deposits will earn up to 4.00 per cent interest, while term (fixed) deposits will earn up to 8% interest. Similarly, Kumari Bank will float the loans at a premium of up to 7% over the base rate.
As of Jestha’s end, 2078 BS, the base rate is 7.40 percent. The interest rate spread is currently set at 3.00 percent.
The new interest rate of Kumari Bank Limited is detailed in the notice below.