Development Banks have revised the interest rates for the Month of Magh 2081. The new interest rate will be effective from 1^st Magh 2081. Liquidity continue to remain sufficient in the market and loan disbursement seems quite slow resulting the interest rates to remain same or decrease in some cases. Most of the development banks continued to maintain their earlier rate. Let’s look into the revised interest rates of Development Banks for Magh 2081.

Saving Account:

All Development Banks maintained same minimum interest rates for saving account as of Poush. The minimum rate on saving account stands at 3% for all the national level development banks. Maximum rate on Saving account is published at 5% by 4 banks except Mahalaxmi Bikas Bank, Lumbini Bikas Bank, Kamana Sewa Bikas Bank and Shangrila Development Bank who published maximum rate of 4.85%, 4%, 4.50% and 3.50% on their saving accounts respectively. Lumbini Bikas Bank is the only bank to revise its maximum rate on saving account which reduced the maximum rate on saving account by 1% i.e from 5% to 4% as compared to Poush 2081.

Banks	Magh 2081	Poush 2081	Change	Magh 2081	Poush 2081	Change
	Minimum Rate			Maximum Rate
Mahalaxmi	3.00%	3.00%	No Change	4.85%	4.85%	0.00%
Lumbini	3.00%	3.00%		4.00%	5.00%	-1.00%
Kamana	3.00%	3.00%		4.50%	4.50%	0.00%
Jyoti	3.00%	3.00%		5.00%	5.00%	0.00%
Muktinath	3.00%	3.00%		5.00%	5.00%	0.00%
Shangrila	3.00%	3.00%		3.50%	3.50%	0.00%
Garima	3.00%	3.00%		5.00%	5.00%	0.00%
Shine	3.00%	3.00%		5.00%	5.00%	0.00%

Call Account:

On call account all the Banks maintained constant rate on Magh 2081 as compared to Poush 2081. All banks except offered same rate of 1.5% interest rates on call account. 

Banks	Call
	Magh 2081	Poush 2081	Change
Mahalaxmi	1.500%	1.500%	No Change
Lumbini	1.500%	1.500%
Kamana	1.500%	1.500%
Jyoti	1.500%	1.500%
Muktinath	1.500%	1.500%
Shangrila	1.500%	1.500%
Garima	1.500%	1.500%
Shine	1.500%	1.500%

Fixed Deposit:  

Individual FD:

Most of the development banks have maintained same rate as that of Kartik for fixed deposit. On upper band, highest rate is offered by Shine Resunga Development Bank of 5.15% on Individual FD less than 1 year. Lumbini Bikas Bank reduced its rate to 5.10% down from 5.25% of Poush followed by Kamana Sewa Bikas Bank who reduced its rate from 5.25% to 5%. Jyoti Bikas Bank offers 3.5% on upper band, being the lowest for same tenure. Mahalaxmi Bikas Bank did not published rate for less than year duration.

For individual fixed deposit more than a year all Banks maintained same rate as that of Poush for Magh also. All other bank offered same rate of 6.50% on fixed deposit above 1 year.

Banks	Individual - Fixed Deposit
	Magh 2081	Poush 2081	Change	Magh 2081	Poush 2081	Change
	Less Than 1 Year (Maximum Rate)			More than 1 Year (Maximum Rate)
Mahalaxmi	Not Published	Not Published		6.50%	6.50%	No Change
Lumbini	5.10%	5.25%	-0.15%	6.50%	6.50%
Kamana	5.00%	5.25%	-0.25%	6.50%	6.50%
Jyoti	3.50%	3.50%	0.00%	6.50%	6.50%
Muktinath	5.05%	5.05%	0.00%	6.50%	6.50%
Shangrila	5.00%	5.00%	0.00%	6.50%	6.50%
Garima	5.00%	5.00%	0.00%	6.50%	6.50%
Shine	5.15%	5.15%	0.00%	6.50%	6.50%

Institutional Fixed Deposit:

On Institutional Fixed Deposit for duration less than a year, Jyoti Bikas Bank offered the lowest rate of 3%. Muktinath Bikas Bank and Shine Resunga Development Bank offered rate of 4.05% and 4.15% respectively on institutional FD less than 1 year. All other banks offered rate of 4% except Mahalaxmi Bikas Bank which did not published the rate for duration less than 1 year.

For institutional fixed deposit of more than a year, all Banks except Shine Resunga Development Bank maintained same rate of interest as that of Poush. Shine Resunga Development Bank maintained maximum rate of 5.15% for duration more than 1 year. Lumbini and Shangrila offered rate of 5% whereas all other banks offered maximum rate of 5.5% on duration above 1 years.

Bank	Institutional - Fixed Deposit
	Magh 2081	Poush 2081	Change	Magh 2081	Poush 2081	Change
	Less Than 1 Year (Max)			More than 1 Year (Max)
Mahalaxmi	Not Published	Not Published		5.50%	5.50%	0.00%
Lumbini	4.00%	4.00%	No Change	5.00%	5.00%	0.00%
Kamana	4.00%	4.00%		5.50%	5.50%	0.00%
Jyoti	3.00%	3.00%		5.50%	5.50%	0.00%
Muktinath	4.05%	4.05%		5.50%	5.50%	0.00%
Shangrila	4.00%	4.00%		5.00%	5.00%	0.00%
Garima	4.00%	4.00%		5.50%	5.50%	0.00%
Shine	4.15%	4.15%		5.15%	5.50%	-0.35%