[Show all top banners]

Racheeta
Replies to this thread:

More by Racheeta
What people are reading
Subscribers
Subscribers
[Total Subscribers 2]

Shyam Sundar Swonepa

poozaree
:: Subscribe
Back to: Kurakani General Discussion Refresh page to view new replies
 Indian Banks offer 7.50 interest, Nepali Banks ?
[VIEWED 3481 TIMES]
SAVE! for ease of future access.
Posted on 09-11-16 5:09 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?        
 

So it looks like some major banks in India like ICICI bank offer about 7.50% Interest rates on Fixed deposits. But Nepali banks offer in 3-4% range. Why is that ? I thought it would be similar to Indian Banks.

It would be nice if we had bigger banks like ICICI bank in Nepal where everything can be done online. I would put my money into those Fixed accounts if it was available. Unfortunately Nepal is way behind in technology and other many other resources lack in Nepal.
 
Posted on 09-11-16 7:07 PM     [Snapshot: 90]     Reply [Subscribe]
Login in to Rate this Post:     0       ?        
 

Don't worry prachad is working on it. We will soon be part of Great Fcuking India and we will have Jio Mobile, ICICI bank and some Indian passport.
 
Posted on 09-11-16 7:10 PM     [Snapshot: 98]     Reply [Subscribe]
Login in to Rate this Post:     0       ?        
 

प्रचंड को भारत महान !!!
 
Posted on 09-11-16 9:12 PM     [Snapshot: 217]     Reply [Subscribe]
Login in to Rate this Post:     0       ?        
 

Banks make way more money off lending than 'borrowing'. that's the reason why you rarely see American banks offering decent rates for savings account.


 
Posted on 09-12-16 8:56 AM     [Snapshot: 437]     Reply [Subscribe]
Login in to Rate this Post:     0       ?        
 

It is called supply and demand.

Long time ago when I was in Banking : I recommended that there should not be Saving account and pay interest. Saving account should be similar to Checking account like US.
ICIS bank are utilizing their Saving to Various loan activities with higher Interest rate than CD/Fixed Deposit.
To some point people may put money in reputed bank even the interest rate is lower because of security.
Those who are offering Higher Interest rate may be investing in extremely risky investment like Barnie Madoff.
http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

You have read may finance business were involved on such activities and filed bankruptcy.




 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 7 days
Recommended Popular Threads Controvertial Threads
What stocks to buy -- Any recommendation
❤️ चिक्नी चमेली ❤️
ट्रंप २०२०
कोमल ओलि र धिरेन्द्र बिचको अफेयर
स्कूलमा पढेका कथा - भुतको शिकार, शिशिर बसन्तको कथा देखि टाउकोको मोल सम्म
लगातार २ छोरि हुदाको पिडा
Corona virus - how deadly is it really? and for whom?
कोभिड लाग्यो!
राजशी दशैं .. भोकाएकाको दशैं ..
CREDIT CARD DEBT IN COLLECTION
Nepalese in US only watch CNN for news source.
दशैं को कथा कसैले बुझेनन, के गरुं?
Democracy versus Entitlement in the good old US
Cataract surgery
बिजया दशमीको उपलक्ष्यमा अमेरिकी रास्ट्रपति द्वारा शुभकामना
Mailing Clothes to Nepal
R&AW chief in Kathmandu
🔥🔥 Pearl Jam - Black 🖤 (Cover)🔥🔥
PORK MOMO RECIPE VERY DELICIOUS ...THANKYOU FOR WATCHING AND SUPPORT
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters