KATHMANDU

The Agriculture Development Bank has reduced interest rates. The bank has reduced interest rates for the month of Magh.

Along with this, the bank has set the interest rate at 7.260 percent for personal deposits in the month of Magh and 5.260 percent for institutional deposits. Similarly, the bank has set an 8.260 percent interest rate on remittance deposits. Previously, the bank had set interest rates at 9.012 percent for personal deposits, 7.012 percent for institutional deposits, and 10.012 percent for remittance deposits in the month of Poush.

Furthermore, the bank has set the interest rate at a minimum of 4 percent to a maximum of 5.750 percent on regular savings accounts in the month of Magh. When the bank flows loans into Magh, a premium of up to 5 percent will be charged based on the base rate.