Interest Rate Changes for Personal Fixed Deposits
Commercial banks in Nepal have published new interest rates for Mangsir. Out of 20 banks, 10 banks have reduced the maximum interest rate on personal fixed deposits, while the remaining 10 banks have maintained the same rate as in Kartik.

Banks that reduced rates include NIC Asia, Siddhartha, Himalayan, Standard Chartered, Prime Commercial, Citizens, Nabil, Nepal SBI, Sanima, and Kumari Bank. The largest reduction was by NIC Asia, which lowered the rate by 0.75%, bringing the maximum interest on personal fixed deposits to 5.75%. NIC Asia has also reduced the maximum interest rate on institutional fixed deposits.

Highest and Lowest Interest Rates
For Mangsir, the highest interest rate on personal fixed deposits is offered by Global IME Bank, at 6%. The lowest interest rate is offered by Standard Chartered Bank, at 4.7%.

Overall Trend
On average, the maximum interest rate on personal fixed deposits fell by 0.16 percentage points compared to Kartik, from 5.20% to 5.04%. Institutional fixed deposit rates also saw a slight decrease of 0.07 percentage points during the same period.

This trend indicates a marginal decline in deposit rates as banks adjust their lending and deposit strategies amid changing market conditions.