KATHMANDU

NIC Asia Bank has reduced the interest rate for the month of Mansir. The interest rate for the deposit, which was in double digits until now, has been reduced to a single digit for Mansir.

According to the interest rate published by the bank for Mansir, the interest rate for deposits ranging from 3 months to 15 years for individuals is 8.968 percent. Similarly, the interest rate for deposits ranging from 6 months to 15 years for institutions is 6.968 percent.

Likewise, the bank has also reduced the interest rate for tomorrow’s deposit to 2.292 percent, making the savings interest rate 6.585 percent. NIC Asia Bank is the first bank to reduce the interest rate for Mansir.”