Thursday July 18, 2024
वि.सं २०८१ साउन ०३ बिहिबार
European Microfinance Award
Np

Interest Rate

Effective Date (2081/04/01)

INTEREST RATE ON SAVING DEPOSIT

PRODUCT INFO PRODUCT INTEREST RATE(PER ANNUM) PAYMENT ON MINIMUM BALANCE
{{normal-saving-account}}-{{3.00;3.00;NRs. 500;Quaterly Basis}}-{{yes}} 1. Normal Saving 3.00% Quarterly Basis Rs. 500
{{muktinath-premium-bachat}}-{{3.00;3.00;NRs. 1000;Quaterly Basis}}-{{yes}} 2. Muktinath Premium Bachat 3.00% Quarterly Basis Rs. 1,000
{{muktinath-ashirwad-bachat-khata-gold}}-{{5.00;5.00;NRs. 50000;Quaterly Basis}}-{{yes}} 3.Muktinath Aashirwad Bachat(Gold) 5.00% Quarterly Basis Rs. 50,000
{{muktinath-sarvotkrishta-bachat-khata}}-{{4.50;4.50;NRs. 10000;Monthly Basis}}-{{yes}} 4.Muktinath Sarvotkrishta Bachat Khata 4.50% Monthly Basis Rs. 10,000
{{muktinath-sambriddhi-bachat-khata}}-{{3.00;3.00;NRs. 100;Monthly Basis}}-{{yes}} 5. Muktinath Sambriddhi Bachat Khata 3.00% Quarterly Basis Rs. 100
{{karmachari-bachat}}-{{3.00;3.00;Nrs. 100;Quaterly Basis}}-{{yes}} 6. Karmachari Bachat 3.00% Quarterly Basis -
{{mahila-pewa-bachat-khata}}-{{3.00;3.00;Nrs. 500;Quaterly Basis}}-{{yes}} 7.Mahila Pewa Bachat 3.00% Quarterly Basis Rs. 500
{{sunaulo-bal-bachat-khata}}-{{3.00;3.00;Nrs. 0;Quaterly Basis}}-{{yes}} 8.Sunaulo Bal Shichha Bachat 3.00% Quarterly Basis -
{{sharedhani-bachat-khata}}-{{4.00;4.00;Nrs. 100;Quaterly Basis}}-{{yes}} 9. Sharedhani Bachat Khata 4.00% Quarterly Basis Rs. 100
  10.Muktinath Sajilo Bachat Khata 3.00% Quarterly Basis  
  11. Muktinath Utkrishta Premium Bachat Khata 3.00% Quarterly Basis 5,000
  12.Samajik Surakshya Bhatta Khata  3.00% Quarterly Basis -
  13. Muktinath PMS Khata 3.00% Quarterly Basis -
{{muktinath-sambriddhi-remit-ipo-bachat-khata}}-{{6.00;6.00;Nrs. 0;Monthly Basis}}-{{yes}} 14.Muktinath Sambriddhi Remit IPO Bachat Khata 6.00% Monthly Basis 100
  15.Muktinath Krishak Bachat Khata 3.35% Monthly Basis Rs. 100
  16. FCY Deposit ($,£,€,AUD) Up to 3.00% Quarterly Basis  10

 

CALL/CURRENT DEPOSIT 

Product  Interest Rate(Per Annum) Payment Frequency Minimum Balance
1. Current Account - - Rs. 5,000
2. Call Deposit Account Up to 1.50% Quarterly Basis -

 

FIXED DEPOSIT 

Product  Interest Rate(Per Annum) Payment Frequency Minimum Balance
1. Individual Fixed Deposit Product   
6 Months 5.10% Quarterly Basis  
9 Months to below 1 Year 5.20% Quarterly Basis  
1 Year to 2 Years 5.30% Quarterly Basis  
Above 2 Years to 10 Years 7.00% Quarterly Basis  
Muktinath Remittance Fixed Deposit(Up to 2 Yrs Only) +1% as per the tenure Quarterly Basis Rs. 5,000
Recurring Deposit(Upto 5 Years only) 7.00% Quarterly Basis Min. Rs. 500 to Max. Rs.20,000
Muktinath Pension Scheme 7.00% Quarterly Basis Rs 50
2. Institutional Fixed Deposit Product
6 Months 4.25% Quarterly  
9 Months to below 1 Year 4.50% Quarterly  
1 Year to 2 Years 5.75% Quarterly  
Above 2 Years to 10 Years 6.00% Quarterly  
3. Akshaya Kosh Negotiable Monthly/Quarterly Rs. 5,000

Note:

1. Monthly interest on fixed deposit shall be paid as per the banks' decision.

2. The interest rate on account opened for USD pre-paid card shall be zero percentage.


LOAN AND ADVANCE

A.Loan with Floating Interest Rates

PRODUCT FLOATING INTEREST BAND
1. Business Loan Base Rate + Premium up to 4.00%
2. Agriculture Loan Base Rate + Premium up to 2.00%
3. Home Loan (new construction & purchase) Base Rate + Premium up to 4.00%
4. Auto Loan Base Rate + Premium up to 4.00%
5. Hirepurchase Loan(new) Base Rate + Premium up to 4.00%
6. Real Estate Loan Base Rate + Premium up to 4.00%
7. Personal Loan Base Rate + Premium up to 4.00%
8.Share Loan Base Rate + Premium up to 4.00%
9.Mortgage Loan  Base Rate + Premium up to 4.00%
10.Professional Loan Base Rate + Premium up to 4.00%
11. Muktinath Sulav Byawasaya Karja Base Rate + Premium up to 4.00%
12. Consumer Loan Base Rate + Premium up to 4.00%
13. Gold Loan Base Rate + Premium up to 4.00%
14. Other Loans Base Rate + Premium up to 4.00%
15. All Small & Micro Credit Products Base Rate + Premium up to 4.00%
16. Wholesale Loan to MFIs Base Rate + Premium up to 2.00%
17. Wholesale Loan Others Base Rate + Premium up to 4.00%
18. Loan Against Fixed Deposit (upto 90.00%) Coupon Rate Plus 2.00% or Base Rate whichever is higher

B.Fixed Interest Rate for Term Loan of Individual above 1 Year 

B.1. For  Normal Individual Term Loan              Interest Rate Per Annum
SN Time Period Minimum Rate Maximum rate
1 Up to 5 Years Base Rate of immediate previous month up to 16.00%
2 More than 5 Years up to 10 Years up to 16.25%
3 More than 10 Years up to 16.50%
B.2. For  Inlcusive Banking Individual Term Loan:     Base Rate of immediate previous month up to 17.00%
Base Rate as of Jestha, 2081 9.11%
3 Month's Average Base Rate for Jestha, 2081 9.38%

 

C. Other Information

i. The fixed interest rate for individual term loan of above 1 year shall remain unchanged for the entire tenure of the loan.

ii. The fixed interest rate on loans and advances shall be fixed based on internal assessment of the Bank.

iii. Interest rate applicable on forced loan may vary with risk premium from the published rate.

iv. Interest rate in consortium financing shall be as decided by consortium.

v. Penal interest of plus 2.00% per annum will be applied on overdue amount.

vi. Bank shall comply applicable NRB circular/regulation while determining interest rate on Loan Products.