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Shyam Sundar Swonepa
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 Indian Banks offer 7.50 interest, Nepali Banks ?
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Posted on 09-11-16 5:09 PM     Reply [Subscribe]
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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]
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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]
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प्रचंड को भारत महान !!!
Posted on 09-11-16 9:12 PM     [Snapshot: 217]     Reply [Subscribe]
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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]
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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.


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