Nepal Breaking NewsBusinessPrabhu Bank Has Launched A New Interest Rate

Prabhu Bank Has Launched A New Interest Rate

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Bank changed the interest on its deposit and lending products. The higher will go into effect on June 15, 2021. (Ashad 1, 2078 BS).

The bank will offer up to 4% return on savings deposits. Similarly, the maximum interest rate on a fixed deposit is 7%.

Similarly, the loans would be offered at a premium of up to 7% over the base rate. Prabhu Bank’s base rate as of Baisakh end, 2078 BS is 7.06 . The interest rate spread is also 3.63 percent.

Prabhu Bank’s interest rates on various deposits and loans are listed below:

Prabhu Bank Interest Rate

Prabhu Bank Has Launched A New Interest Rate

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