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 decreased the interest rate for the month of Magh. The Bankers Association of Nepal decided to change the interest rates on fixed deposits for the month of Magh 2079. This update is effective from Magh 1, 2079. NBA kept the same interest rate for 4 consecutive months from Asoj.

Interest Rate For Magh, 2079

BankRemit MuddatiMuddati (Bachat Khata)
Sunrise Bank 11%12%
Sanima Bank 11%12%
Prime Commercial Bank 11%12%
Mega Bank 11%12%
NMB Bank 1% Extra on Individual FD 12%
Global IME Bank 1% Extra on Individual FD 12%
Nabil Bank 11%12%
NCC Bank 15%12%
Century Commercial Bank 11%12%
Civil Bank 11%12%
Rastriya Banijya Bank11%12%
Siddhartha Bank 11%12%
Nepal Investment Mega Bank 11%12%
Laxmi Bank Not updated12%
Machhapuchhre Bank 11%12%
Everest Bank 11%12%
ADBL 11%13%
NIC Asia 11%12%
Nepal SBI Bank 11%12%
Himalayan Bank 11%12%
Bank of Kathmandu 1% Extra on Individual FD 12%
Prabhu Bank 11%12%
Kumari Bank 11%12%
Nepal Bank 11%12%
Citizens Bank 11%12%
Standard Chartered Bank 11.03 %

Interest Rate link

Please visit the individual bank’s official link to learn 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. NMB Bank – Interest Rate Details 
  5. Nabil Bank – Interest Rate Details 
  6. NCC Bank – Interest Rate Details
  7. Century Commercial Bank – Interest Rate Details
  8. Rastriya Banijya Bank – Interest Rate Details
  9. Siddhartha Bank – Interest Rate Details 
  10. Nepal Investment Mega Bank – Interest Rate Details
  11. Laxmi Bank – Interest Rate Details 
  12. Machhapuchhre Bank – Interest Rate Details
  13. Everest Bank – Interest Rate Details
  14. Agriculture Development Bank – Interest Rate Details 
  15. NIC Asia – Interest Rate Details
  16. Nepal SBI Bank –  Interest Rate Details 
  17. Himalayan Bank – Interest Rate Details 
  18. Prabhu Bank – Interest Rate Details 
  19. Kumari Bank – Interest Rate Details 
  20. Nepal Bank – Interest Rate Details 
  21. Citizens Bank – Interest Rate Details 
  22. 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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