Kathmandu. Sine Resunga Development Bank has announced a new interest rate for the month of October. The bank has announced an interest rate of 2.75 percent on savings.

Similarly, the bank will provide 2.75 to 4 percent interest on fixed deposits. Similarly, the interest rate on the individual segment is 4.50 to 5.76 percent.

The bank is currently operating 6 fixed deposit accounts. As of mid-September, the base rate of the bank is 6.49 percent.

The bank will provide loans at a maximum premium of up to 4 percent on the base rate.