Shangri-La Development Bank Announces Revised Deposit And Loan Interest Rates From Shrawan 1, 2083

16th July 2026, Kathmandu

Shangri-La Development Bank Limited has announced its revised annual deposit and loan interest rates, effective Shrawan 1, 2083, which corresponds to July 17, 2026.

Shangri-La Bank Interest Rate Revision

The updated rate schedule covers savings accounts, fixed deposits, call deposits, and various lending products.

The bank stated that the revised rates are intended to help customers make informed decisions regarding savings, investments, and borrowing while reflecting the banks latest pricing strategy.

KEY HIGHLIGHTS OF SHANGRI-LA DEVELOPMENT BANK INTEREST RATE REVISION

The shifting financial dynamics reflect a structured alignment with market liquidity conditions and institutional fund management goals across Nepals development banking sector.

The new interest rate schedules detail varied returns and borrowing terms, focusing on fixed deposits, personal savings packages, and specific premium credit lines:

FIXED DEPOSIT INTEREST RATES FOR INDIVIDUALS AND INSTITUTIONS

Under the revised schedule, the bank has structured distinct interest rates based on maturity timeframes for individual depositors:

• For a tenure of 3 Months to 1 Year, the interest rate is set at 2.75 percent.
• For a tenure of Above 1 Year to 2 Years, the interest rate is set at 2.90 percent.
• For a tenure of Above 2 Years to 3 Years, the interest rate is set at 3.00 percent.
• For a tenure of Above 3 Years to 4 Years, the interest rate is set at 3.15 percent.
• For a tenure of Above 4 Years to 5 Years, the interest rate is set at 3.25 percent.
• For a tenure of Above 5 Years, the bank offers its highest individual fixed deposit rate of 4.59 percent.

Additionally, customers opening Remittance Fixed Deposits will receive an additional 1 percent interest over the applicable fixed deposit rate for the respective tenure. For institutional fixed deposits, the bank has set an interest rate of 2.75 percent for deposits with a tenure of six months and above.

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SAVINGS ACCOUNT VARIANTS AND CALL DEPOSIT RATES

Shangri-La Development Bank Limited has updated returns for savers to encourage digital and local currency accumulation:

• Most savings account variants now offer an annual interest rate of 2.75 percent.
• The specialized Sunaulo Remittance Account provides a higher return of 3.75 percent to benefit remittance earners.
• Call deposit accounts offer interest rates of up to 1.37 percent per annum, depending on the specific account category.

LOAN INTEREST RATES AND PREMIUM STRUCTURES

The bank has maintained a Base Rate of 5.57 percent, with lending rates determined by adding an applicable premium depending on the loan product:

• Personal and Corporate Loans carry premium rates of up to 3.99 percent above the base rate.
• Deprived Sector Loans carry premium rates of up to 4.99 percent above the base rate.
• Wholesale Lending carries a premium rate of up to 2 percent above the base rate.
• Consortium Loans will have interest rates determined through mutual agreement.

In addition, the bank offers a competitive fixed interest rate of 10.99 percent for personal term loans with a tenure of up to seven years.

SPECIAL CONCESSION FOR DEPRIVED SECTOR BORROWERS

The program details emphasize social inclusion and targeted credit relief for vulnerable groups. Shangri-La Development Bank has stated that eligible borrowers under the deprived sector, including senior citizens, Dalits, marginalized communities, persons with disabilities, single women, and other eligible groups, may receive an interest rate concession of up to 1 percent below the published rate, subject to applicable terms and eligibility criteria.

The revised interest rate schedule applies to both new and eligible existing customers in accordance with the banks prevailing policies. By adjusting deposit costs and defining clear lending premiums over its 5.57 percent base rate, the bank ensures optimal fund mobilization. Lower deposit rates help reduce the overall cost of capital, allowing the bank to extend affordable credit options for small and medium enterprises, agricultural setups, and retail consumers across its branches.

Furthermore, the additional 1 percent premium on Remittance Fixed Deposits and the 3.75 percent return on the Sunaulo Remittance Account reflect a strong focus on attracting foreign currency inflows from non-resident Nepalis. Simultaneously, the targeted 1 percent interest concession for marginalized populations highlights the banks commitment to combining commercial growth with corporate social responsibility, ensuring financial tools remain accessible to underbanked communities in Nepal.

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