Shangrila Development Bank Limited has announced a new deposit and loan interest rate. The rates go into effect on July 16, 2021 [Shrawan 1, 2078 BS].
The national development bank will offer up to 4% interest on savings deposits. The maximum interest rate on a term or fixed deposit is also 8.25 percent.
Similarly, Shangrila Development Bank will float the loans at up to 7.50 percent above the base rate. As of Jestha’s end, 2078 BS, the base rate is 8.26 percent.
See the notice below for the interest rates offered by Shangrila Development Bank: