Kasikorn Bank raises deposit interest rates to 0.40% – 0.25% loan effective October 4

Kasikorn Bank raises deposit interest rates to 0.40% – loan interest to 0.25%, effective as of October 4

Mr. Jongrak Ratanapayan, General Manager Kasikorn Bank (KBANK) revealed that according to the Monetary Policy Committee (MPC), the interest rate has been raised by 0.25% to 2.50%, in line with the overall Thai economic situation which is in the direction of recovery and to keep inflation under control. Within the framework of sustainable goals, the bank therefore increased interest rates on electronic savings deposits and corporate savings deposits. Including fixed deposits of up to 0.40% to enhance savings. Including increasing the income and purchasing power of bank customers during periods of high interest rates.

At the same time, the Bank increased the loan interest rate by 0.25% to align with the interest policy direction and promote the economy to reach equilibrium as follows, from October 4, 2023 onwards.

– Interest rates for good large customers of term loan type (MLR) increased from 7.02% to 7.27%.

– Interest rates for overdraft customers increased from 7.34% to 7.59%.

– Interest rates for major retail customers increased from 7.05% to 7.30%.

By Kasikorn Bank Continuing to focus attention and help ease the burden of expenses on small customers and vulnerable groups. We will consider appropriate assistance measures for customers who may be affected. Taking into account the possibilities and opportunities available to modify customers in the future by affected customers, communication can be made through the bank’s various channels.