Mahalaxmi Bikas Bank has announced a new interest rate for its deposit and loan products. The new rates will take effect on July 16, 2021 [Shrawan 1, 2078 BS].
The national-level development bank will pay up to 5.50 percent interest on savings deposits, 1.75 percent on call deposits, and 8 percent on fixed deposits.
Similarly, the bank will float the loans at up to a 6% premium over the base rate. The bank’s base rate as of Jestha’s end, 2078 BS is 7.84 percent.
See the notice below for more information on Mahalaxmi Bikas Bank’s interest rates on its various products:
Mahalaxmi Bikas Bank Interest Rates