Interest rates
Effective from 32th Jestha, 2077 (14th June, 2020)
| 1. Savings Deposits | 4.00-5.50 | ||||
| 2. Call Deposits | Up to 2.00 | ||||
| 3. Fixed Deposits : | |||||
| Fixed Interest Rate | |||||
| A. Institutions | |||||
| 3 Months and above | 7.00 | ||||
| For Renewal | 7.10 | ||||
| B. Individuals | |||||
| 3 months up to 5 years | 8.25 | ||||
| Floating Interest Rate | |||||
| A. Recurring Deposits (2 - 10 Years) | 7.00 | ||||
| B. Kissan Banking Sewa (Recurring Deposit) (1 - 10 Years) | 7.00 | ||||
| 4. FCY Deposit Savings | |||||
| USD Savings Deposit | 1.25 | ||||
| LOANS AND ADVANCES | %p.a. | |
|---|---|---|
| 1. Working Capital loan | Base Rate + upto 5.00 | |
| 2. Term loan | Base Rate + upto 5.00 | |
| 3. Retail loans | ||
| (i) Housing Loan | Base Rate + 0.50 to 5.00 | |
| ii) Education Loan | Base Rate + 0.50 to 5.00 | |
| (iii) Hire Purchase Loan | Base Rate + 0.50 to 5.00 | |
| (iv) Residential Real Estate Loan (Above NPR 15,000,000) | Base Rate + 0.50 to 5.00 | |
| v) Housing Loan Fixed Rate | 10.49% | |
| 4. Development Credit Loan (including Deprived Sector Loan) | ||
| (i) Direct Financing (Micro Loans) | Base Rate + 0.50 to 5.00 | |
| (ii) Small Enterprise Loan | Base Rate + 1.00 to 5.00 | |
| (iii) Agri Business Loan | Base Rate + 0.50 to 5.00 | |
| (iv) Interest Subsidized Loan | Base Rate + upto 2.00 | |
| 5. First-class foreign bank guarantee | ||
| (i) Loan against Govt. Bonds | Base Rate + 0.50 to 5.00 | |
| (ii) Loan against Fixed Deposits/Other local currency Deposit of BOK | Base Rate + Upto 5.00 | |
| (iii) Loan against Fixed Deposits of other Financial Institutions | Base Rate + 0.50 to 5.00 | |
| (iv) Loan against Foreign Currency Deposits | Base Rate + 0.50 to 5.00 | |
| v) Loan against First Class Foreign Bank Guarantee | Base Rate + 0.75 to 5.00 | |
| 6. Other Loans | ||
| (i) Gold / Ornaments Financing (against Pledge) | Base Rate + 1.00 to 5.00 | |
| (ii) Loan Against Shares | Base Rate + 0.50 to 5.00 | |
| (iii) Personal Loan | ||
| a. Without Real Estate Collateral | Base Rate + 2.00 to 5.00 | |
| b. Other Loans | Base Rate + 1.00 to 5.00 | |
| 7. Unarranged Loans/Forced Loans and uncollected dues | Base Rate + 5.00 | |
| 8. Foreign Currency Loans | ||
| (i) USD TR Loan | Six Months LIBOR+ upto 1.25 | |
| (ii) Export Pre-Shipment/Post-Shipment Loan | 1 year LIBOR+ upto 1.25 | |
| (iii) USD Loan ( excluding 8(i) & 8(ii)) | LIBOR+1.50 to 4.00 | |
| (iv) Other Foreign Currency Loan | 3.00 to 7.00 | |
| Base Rate as of Jestha 2077: 8.91% | ||
| Interest Spread as of Jestha 2077: 3.73% | ||
Notes:
- Terms and Conditions for Deposits will be as per the Bank's Rule and informations can be obtained from Bank's Branch Office.
- Individuals stand for natural person.
- Interest will be paid Quarterly on deposits (including Fixed Deposits).
- BOK Safalta Muddati Khata can be opened for 1 year and above upto 5 years.
- Interest Rates on Foreign Currency Deposits will be provided based on International Market other than USD Saving Deposit.
- Interest Rate on Wholesale Financing to Micro Financing Institution and Yuwa Swarojgar Kosh will be on the basis of existing contract.
- For Loans against Fixed Deposits, the applicable rates will be 2% over coupon rates of Fixed Deposits or interest rate as per 5(ii)/5(iii) whichever is higher.
- Interest on Overdue Loan will be Applicable Loan Interest Rate plus 2% Penal Interest Rate.
- Interest Rates on NRB Refinance Loans will be as stated by Nepal Rastra Bank.
- Interest Rates on Loans under Syndicated Finance will be as per the Syndicated Loan Agreement / Arrangement.
- Housing Loan under Fixed rate is for 1 Year only. After first year, the rate will be Base rate plus 2 %.
