Fixed Deposit Interest Rate in Nepal in 2079 [2022]

FD interest rate in Nepal

Fixed Deposit Interest Rate in Nepal for Commercial Banks

Commercial Banks have updated the interest rates on fixed deposits for the month of Asoj 2079. This update is effective from Asoj 1, 2079. Commercial banks raised the interest rate after the Nepal Bankers’ Association (NBA) decided not to intervene in the banks to fix their interest rates.

Interest Rate For Asoj, 2079

BankRemit MuddatiMuddati (Bachat Khata)
Sunrise Bank 14.13%12.13%
Sanima Bank 13.51% 12.13%
Prime Commercial Bank 14.13%12.13%
Mega Bank 13.13%12.13%
NMB Bank 1% Extra on Individual FD 12.13%
Global IME Bank 1% Extra on Individual FD 12.13%
Nabil Bank 13.13%12.13%
NCC Bank 15%12.13%
Century Commercial Bank 14.14%10.13% (Remittance Premium)
Civil Bank 13.133%12.133%
Rastriya Banijya Bank13.133%12.133%
Siddhartha Bank 13.1312.13%
Nepal Investment Bank 13.13%12.13%
Laxmi Bank Not updated12.133%
Machhapuchhre Bank 13.13%12.13%
Everest Bank 13.50%12.13%
ADBL 14.13%10.133%
NIC Asia 13.13%12.13%
Nepal SBI Bank 13.13% 12.13%
Himalayan Bank 13.13%10.03%
Bank of Kathmandu 1% Extra on Individual FD 9.133%
Prabhu Bank 15.13%12.133%
Kumari Bank 13.13%12.13
Nepal Bank 13.13%12.13%
Citizens Bank 13.13%12.13 %
Standard Chartered Bank ---11.03 %

Interest Rate link

Please visit the individual bank’s official link to know more about interest rate details

  1. Sunrise Bank – Interest Rate Details
  2. Sanima Bank – Interest Rate Details
  3. Prime Commercial Bank – Interest Rate Details 
  4. Mega Bank – Interest Rate Details
  5. NMB Bank – Interest Rate Details 
  6. Bank of Kathmandu – Interest Rate Details
  7. Nabil Bank – Interest Rate Details 
  8. NCC Bank – Interest Rate Details
  9. Century Commercial Bank – Interest Rate Details
  10. Rastriya Banijya Bank – Interest Rate Details
  11. Siddhartha Bank – Interest Rate Details 
  12. Nepal Investment Bank – Interest Rate Details
  13. Laxmi Bank – Interest Rate Details 
  14. Machhapuchhre Bank – Interest Rate Details
  15. Everest Bank – Interest Rate Details
  16. Agriculture Development Bank – Interest Rate Details 
  17. NIC Asia – Interest Rate Details
  18. Nepal SBI Bank –  Interest Rate Details 
  19. Himalayan Bank – Interest Rate Details 
  20. Prabhu Bank – Interest Rate Details 
  21. Kumari Bank – Interest Rate Details 
  22. Nepal Bank – Interest Rate Details 
  23. Citizens Bank – Interest Rate Details 
  24. Standard Chartered – Interest Rate Details

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What is a fixed deposit?

Fixed Deposit, also known as FD in short, is a deposit account at the bank for a fixed period of time. It is also known as the term or time deposit. Fixed Deposit entitles individual investors to fixed interest payment 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 of time for the bank to use it. Fixed deposit 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 matters?

The fixed deposit rates have several direct and indirect impacts on the economic circulation in the country. The rate of interest provided by the bank and financial institution will severely impact the bank’s liquidity, stock market, loan, and other economic activities.

In fact, interest rates have an inverse 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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