Kathmandu. Even now, the interest rate of commercial banks has stopped decreasing on average.

According to the new interest rates published by the banks, the interest rate effective from August 1 has also come down on average. The average interest rate on personal fixed deposits by banks has decreased by 0.0315 percent.

The bank’s interest rate was 4.16 percent in mid-July. The average for August is 4.13 percent.

There is more liquidity in the banking system. The demand for loans is low. Interest rates are also falling. Compared to July, 5 banks have reduced interest rates in August. They are Nepal Bank, Citizens Bank, Standard Chartered, Kumari Bank and Siddhartha Bank. Siddhartha has reduced the interest rate on personal fixed deposits by 0.29 percentage points. The new interest rate is 3.76 percent.

Similarly, Citizens Bank has reduced the interest rate on fixed deposits by 0.1 percentage points to 3.85 percent, Standard Chartered Bank by 0.05 percentage points to 3.8 percent and Kumari Bank by 0.09 percent to 3.76 percent.

The interest rates of the remaining 15 banks have continued in July. Nabil Bank and Prabhu Bank have announced to pay the highest interest rate of 4.55 percent in August. Kumari and Siddhartha have the lowest percentage of 3.76 percent.