Fixed Deposit Interest Rate in Nepal for Commercial Banks
The interest rate of the Commercial Banks has changed from the previous month. Commercial banks have published their fixed deposit interest rate for the month of Jesth. The updated interest rates of the bank for the month of Shrawan 2082 are as follows. These rates will be effective from Shrawan 1, 2082.
Which Bank Gives the Highest Interest Rate for Fixed Deposit
NIC Asia Bank, NMB Bank provides the highest interest 6.6% while; Nepal Investment Mega Bank provides a 6.5% rate for fixed deposit as per the latest fixed deposit interest rate published by the bank.
The interest rate for institutional and individual clients is different. The latest interest rate of commercial banks can be checked from the link mentioned below.
Interest Rate link
Please visit the individual bank’s official link to learn more about interest rate details
- Sanima Bank – Interest Rate Details
- Prime Commercial Bank – Interest Rate Details
- NMB Bank – Interest Rate Details
- Nabil Bank – Interest Rate Details
- Kumari Bank Bank – Interest Rate Details
- Rastriya Banijya Bank – Interest Rate Details
- Siddhartha Bank – Interest Rate Details
- Nepal Investment Mega Bank – Interest Rate Details
- Machhapuchhre Bank – Interest Rate Details
- Everest Bank – Interest Rate Details
- Agriculture Development Bank – Interest Rate Details
- NIC Asia – Interest Rate Details
- Nepal SBI Bank – Interest Rate Details
- Himalayan Bank – Interest Rate Details
- Prabhu Bank – Interest Rate Details
- Kumari Bank – Interest Rate Details
- Nepal Bank – Interest Rate Details
- Citizens Bank – Interest Rate Details
- Standard Chartered – Interest Rate Details
Also Read – Upcoming IPOs in Nepal
What is a fixed deposit?
Fixed Deposit, also known as FD in short, is a deposit account at the bank for a fixed period. It is also known as the term or time deposit. Fixed Deposit entitles individual investors to fixed interest payments and returns of the deposited amount after maturity. Bank offers higher interest rates on FD than saving and current accounts as the money is available for a longer period for the bank to use it. Fixed deposits is suitable for senior citizens, pension holders, and retired people who do not need money immediately.
What is the fixed deposit rate in Nepal?
The rate of fixed deposit is not fixed however there are between 7% to 11% interest has been provided by banks and financial institutions in Nepal. The. fixed deposit rates are different from one bank to another.
Why fixed deposit interest rate matter?
The fixed deposit rates have several direct and indirect impacts on the country’s economic circulation. The rate of interest provided by the bank and financial institution will severely impact the bank’s liquidity, stock market, loans, and other economic activities.
Interest rates have an inversely proportional relation with the stock market. When banks raise their FD interest rate, low-risk taker investors prefer to save their money in the bank FD rather than invest in the stock market.
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