Replies to this thread:

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


Shyam Sundar Swonepa
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Indian Banks offer 7.50 interest, Nepali Banks ?
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.

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.



Within last 200 days
Recommended Popular Threads Controvertial Threads
What stocks to buy -- Any recommendation
is Rato Bangala school cheating?
ChatSansar.com Naya Nepal Chat
🙏 दलाल स्ट्रिट 🙏
Scam advisory - Please be educated about scams
Let's discuss about Football a.k.a Soccer
The Great Himalayan Cable Car
पाप न साप घोप्टो पारि थाप !!
सालीको चाक
TPS Holder with travel document
Democrat wants to run election like in India. Chaos and Confusing to voters.
नयाँ नक्शा, नागरिक्ता येन र MCC
Moving California with gross annual income under 200k
Returning back to Nepal was a good decision
So sad to see little girl suffer like this
TPS Nepal travel on Advance Parole
एमेजनले अर्काको सामान डेलिवर गर्यो
Amazing power of brainwashing
के नेपाल टाट पल्टी सकेको हो ?
is Rato Bangala school cheating?
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