Most commercial banks have reduced deposit interest rates for the period from February 13 to March 14, citing excess liquidity in the banking sector. The average maximum rate on personal fixed deposits declined from 4.68 percent to 4.56 percent. Global IME Bank implemented the steepest reduction, cutting its rate from 5.5 percent to 4.75 percent. Nepal Bank now offers the highest return at 5.1 percent, while Standard Chartered Bank and Everest Bank remain at the lower end with 4.25 percent. Institutional fixed deposit rates remain capped at 4 percent.
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