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
| Bank | Remit Muddati | Muddati (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 Bank | 13.133% | 12.133% |
| Siddhartha Bank | 13.13 | 12.13% |
| Nepal Investment Bank | 13.13% | 12.13% |
| Laxmi Bank | Not updated | 12.133% |
| 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
- Sunrise Bank – Interest Rate Details
- Sanima Bank – Interest Rate Details
- Prime Commercial Bank – Interest Rate Details
- Mega Bank – Interest Rate Details
- NMB Bank – Interest Rate Details
- Bank of Kathmandu – Interest Rate Details
- Nabil Bank – Interest Rate Details
- NCC Bank – Interest Rate Details
- Century Commercial Bank – Interest Rate Details
- Rastriya Banijya Bank – Interest Rate Details
- Siddhartha Bank – Interest Rate Details
- Nepal Investment Bank – Interest Rate Details
- Laxmi 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 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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