Shangri-La Development Bank Announces New Interest Rates Effective From Jestha 2083
14th May 2026, Kathmandu
Shangri-La Development Bank has officially updated its interest rate structure for various deposit and lending products. These new rates come into effect from Jestha 1, 2083, which corresponds to May 15, 2026.
Shangri-La Bank Interest Rates
The revision covers a wide array of financial instruments, ranging from daily savings and call deposits to long term fixed deposits and various loan categories. As a prominent development bank in Nepal, these adjustments reflect the current market dynamics and provide customers with clear guidance on their potential returns and borrowing costs for the new month.
Comprehensive Saving Deposit Rates for Diverse Customers
The bank offers a versatile range of saving accounts tailored to meet the needs of different demographic groups. According to the details, the majority of standard saving accounts, including Normal Saving, Bal Bhabishya Bachat Khata, and Nari Bachat Khata, offer an interest rate of 2.75 percent per annum. High value accounts like the Staff Saving Account and Shareholder Saving Account provide a slightly higher return of 3.00 percent. For those receiving funds from abroad, the Sunaulo Remittance Account stands out with a top tier rate of 4.00 percent. These accounts feature different interest posting frequencies, varying between monthly and quarterly distributions.
Fixed Deposit Returns for Individuals and Institutions
Individual investors looking for predictable long term growth can benefit from the tiered fixed deposit structure. For a period of 3 months to 1 year, the rate is set at 2.75 percent, which gradually increases with the duration of the investment. Deposits held for more than 5 years offer the highest return in this category at 4.81 percent. Similar to saving accounts, Remittance Fixed Deposits receive an additional 1 percent on top of the published rates. For institutional clients, the bank offers a flat rate of 2.75 percent for periods of 6 months and above, ensuring a stable environment for corporate fund management.
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Lending Rates and Premium Structures
On the lending side, Shangri-La Development Bank has established its base rate at 5.76 percent as of Chaitra end 2082. Loan products are priced using a formula of the average base rate plus a premium rate. For individual loans such as Home Loans, Hire Purchase Loans, and Education Loans, the premium rate is capped at up to 3.99 percent. Corporate loans, including Business OD and Agriculture Loans, follow a similar premium structure of up to 3.99 percent. For personal term loans with a fixed rate for up to 7 years, the bank has set a specific interest rate of 10.99 percent, providing borrowers with long term repayment certainty.
Support for Deprived Sector Lending
The bank continues to emphasize social responsibility through its deprived sector loan offerings. As seen, loans for micro enterprises, low cost housing, and seasonal activities carry a premium rate of up to 4.99 percent. Interestingly, the bank provides a special provision where interest rates may be 1 percent lower than the published rate for loans provided to senior citizens, Dalits, and differently abled people. This inclusive approach ensures that financial resources are accessible to vulnerable groups, supporting grassroots economic development across Nepal.
Conclusion on Shangri-La Development Bank Financial Outlook
The detailed disclosure of interest rates demonstrates Shangri-La Development Bank’s commitment to transparency and customer service. By offering competitive deposit rates and structured lending options, the bank positions itself as a reliable partner for both individual savers and corporate borrowers. As the new rates take effect this Jestha, customers are encouraged to review their portfolios and consult with bank officials to choose the products that best align with their financial goals. The bank’s stable base rate and diverse product line reflect its strong footing in the national development banking sector.
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