Increased interest




OCT 2 9, 2073- banks and financial institutions to invest amounts that immediately (liquidity) begin to lack of interest for depositors to have started to increase. Less money banks grew last year by almost double the interest started to pull deposits. Dashain banks and financial institutions are given one-year fixed account and a half 8 percent interest. Bankers Association president Upendra Poudel first fixed and then the interest savings to grow, said signals. Last year, demanding the fixed interest rate is around 4 percent had fallen. Citizens Investment Trust ascension to receive a large amount of commercial bank has kept interest of 8 per cent. According to sources, last year, the same amount of deposit interest rate was 4 and a half to 4 percent. "Some of the rise in interest rates is a relief," a fund official said, "because of low interest rates last year, the situation was critical." Employees Provident Fund, insurance institutions, civil investment funds are large institutional depositors. These organizations had the money in fixed deposits with commercial banks must deposit. Large depositors because they collect deposits from banks and financial institutions an important role in these organizations.
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