मुक्तिनाथ विकास बैंकको नयाँ ब्याजदर प्रकाशनMuktinath Bikas Bank Publishes New Interest Rates

INTEREST RATES

Effective from 1st Ashoj 2083

I. Deposits

Saving Deposits

S.N. Saving Deposits Interest Rates (% p.a.)

1 Muktinath Aashirwad Bachat (Gold) 2.80%

2 Muktinath Aashirwad Bachat (Platinum) 2.80%

3 All other Savings 2.75%

4 Muktinath Sambriddhi Remit IPO Bachat Khata 3.75%

5 FCY Deposit ($, £, €, and AUD) Up to 1.00%

Current & Call Deposits

S.N. Current & Call Deposits Interest Rates (% p.a.)

1 Current Account -

2 Call Deposit Account Up to 1.00%

Fixed Deposits

S.N. Fixed Deposits Interest Rates (% p.a.)

Individual Institutional Remittance

1 3 Months 2.75% - 3.75%

2 6 Months 2.75% - 3.75%

3 1 Year 2.75% 2.75% 3.75%

4 2 Years 3.00% 2.80% 4.00%

5 3 Years, 4 Years and 5 Years 3.50% 3.00% -

6 Above 5 Years to 10 Years 4.28% 3.20% -

7 Akshaya Kosh - Negotiable -

II. Loans

a. Floating Interest Rates

Products Risk Premium Over Base Rate

Minimum Rates (p.a.) Maximum Rates (p.a.)

I. Agri & Inclusive Products

Agriculture Loan 0.50% 2.00%

Small Enterprise Loan 2.00% 4.00%

Women Enterprise Loan 1.50% 3.50%

Wholesale Loans- Microfinance - 2.00%

Wholesale Loan- Co-operatives 0.50% 2.50%

Small Commercial Vehicle Loan 1.00% 3.00%

Other Deprived Sector Loan 2.00% 4.00%

II. Consumer Products

Home Loan 0.25% 2.25%

Auto Loan - 2.00%

Education Loan 0.50% 2.50%

Personal Overdraft Loan 2.50% 4.50%

Personal Term Loan 2.00% 4.00%

Mortgage Loan 2.00% 4.00%

Share Loan 0.75% 2.75%

Professional Loan 2.50% 4.50%

Gold Loan 2.50% 4.50%

III. SME Products

Lower SME Loan 1.00% 3.00%

Upper SME Loan 0.50% 2.50%

Hire-Purchase Loan 1.00% 3.00%

Demand Loan 0.50% 2.50%

Real Estate Loan 1.00% 3.00%

IV. Corporate, Infra & Project Finance Products

Corporate/Project Loan - 2.00%

Energy Loan - 2.00%

Demand Loan 0.50% 2.50%

Real Estate Loan 0.75% 2.75%

b. Fixed Interest Rates

SN Tenure of the Products Interest Rates

Minimum Rates (p.a.) Maximum Rates (p.a.)

1 Up to 3 Years Up to 9.00% Up to 11.00%

2 Above 3 Years to 7 Years Up to 12.00% Up to 13.25%

3 Above 7 Years to 10 Years Up to 13.50% Up to 14.00%

3 Months Average Base Rate of Shrawan, 2083 5.54%

Interest Spread for the month of Shrawan, 2083 4.43%

III. Additional Information

1. Interest in saving and call deposits are paid on quarterly basis while interest in FD can be paid monthly or quarterly.

2. Aashirwad Bachat products are applicable for existing customers only.

3. Interest rates on call accounts are negotiated and may vary subject to market conditions.

4. The remittance fixed deposit product is applicable to individuals only.

5. Fixed deposits can be opened for the specified published tenure only.

6. The interest rate applicable on forced loan shall be 7% on top of the base rate.

7. The interest rate in consortium loans shall be as decided by the consortium meetings.

8. Penal interest of plus 2% per annum will be applied on overdue amount.

9. Interest rate on Deprived Sector and Subsidized Loan shall be in line with NRB Directive.

10. Bank shall comply applicable NRB directives and circular while determining interest rate on loan products.