Bank Interest Rates in Nepal

Bank Interest Rates in Nepal: Since from 1937 the Nepal Bank Limited has started service in Nepal. It is the first commercial bank of Nepal. Nowadays there are more than 28 commercial banks. Which performing services like deposits, loans, remittance, checkbook, credits cards, debit cards, mobile banking, internet banking, shares & insurances.
Bank Interest Rates in Nepal Who Is Paying High
The bank interest rates in Nepal is decided by Nepal Rastra Bank. But the commercial banks can increase or decrease the interest rate without exceeding maximum or minimum rates set by Nepal Rastra Bank. However, we have pointed both the maximum & minimum interest rate on the savings account, and also the maximum interest rate on fixed deposit for personal & institutional. To get the maximum interest rate in many banks you have to choose the special or premium account type that means you have been charged for account opening or maybe some amount will be on hold until you operate the account. We suggest getting a maximum interest rate kindly choose that bank which has a high interest rate on Normal saving account. Generally, the normal saving account is zero balance account which doesn’t require a minimum balance to open a bank account. The bank interest rates in Nepal are always changing so we update the rates every month, for more information watch the table below.
As you can see Nepal SBI Bank Ltd & Prabhu Bank Ltd interest rate is LOW, where Nepal Bank Ltd, Kumari Bank Ltd, Machhapuchhre Bank Ltd, Nepal Bangladesh Bank Ltd, Civil Bank Ltd, Mega Bank Nepal Ltd, Prime Commercial Bank Ltd, Nepal Credit and Commerce Bank Ltd, Siddhartha Bank Ltd, Century Commercial Bank Ltd & Sanima bank interest rate is HIGH. Updated on 15-07-2019 |
Banks | Interest on Savings | Interest on Fixed Deposites | ||
---|---|---|---|---|
Special Savings% | Normal Savings% | Personal% | Institutional% | |
Nepal Bank Ltd. (NBL) | 6.5 | 6.5 | 9.25 | 8.5 |
Agriculture Development Bank Ltd. (ADBNL) | 6.5 | 4.5 | 9.25 | 8.5 |
NIC ASIA Bank Ltd. (NIC) | 6.5 | 4.5 | 9.25 | 8.5 |
Rastriya Banijya Bank Ltd. (RBB) | 6 | 4 | 9.25 | 8.5 |
Himalayan Bank Ltd. (HBL) | 4.75 | 3 | 9.25 | 8.5 |
Nepal Bangaladesh Bank Ltd. (NBB) | 6.5 | 6.5 | 9.25 | 8.5 |
Machhapuchhre Bank Ltd. (MBL) | 6.5 | 6.5 | 9.25 | 8.5 |
Nepal SBI Bank Ltd. (NSBI) | 5 | 3 | 9.25 | 8.5 |
Prabhu Bank Ltd. (PRABHU) | 5 | 3 | 9.25 | 8.5 |
Nabil Bank Ltd. (NABIL) | 5.25 | 3.75 | 9.25 | 8.5 |
Mega Bank Nepal Ltd. (Mega) | 6.5 | 6.5 | 9.25 | 8.5 |
Nepal Investment Bank Ltd. (NIBL) | 5 | 3.5 | 9.25 | 8.5 |
Everest Bank Ltd. (EBL) | 6 | 3 | 9.25 | 8.5 |
Global IME Bank Ltd. (Global) | 6 | 4 | 9.25 | 8.5 |
Bank of Kathmandu Lumbini Ltd. (BOK) | 6 | 4 | 9.25 | 8.5 |
Nepal Credit and Commerce Bank Ltd. (NCC) | 6.5 | 6.5 | 9.25 | 8.5 |
Kumari Bank Ltd. (Kumari) | 6.5 | 6.5 | 9.25 | 8.5 |
Sanima Bank Ltd. (Sanima) | 6.5 | 6.5 | 9.25 | 8.5 |
Laxmi Bank Ltd. (Laxmi) | 6.5 | 5 | 9.25 | 8.5 |
Sunrise Bank Ltd. (Sunrise) | 6 | 4 | 9.25 | 8.5 |
NMB Bank Ltd. (NMB) | 6.5 | 4.5 | 9.25 | 8.5 |
Siddhartha Bank Ltd. (SBL) | 6.5 | 6.5 | 9.25 | 8.5 |
Citizens Bank International Ltd. (Citizens) | 6.25 | 6.5 | 9.25 | 8.5 |
Prime Commercial Bank Ltd. (Prime) | 6.5 | 6.5 | 9.25 | 8.5 |
Civil Bank Ltd. (Civil) | 6.5 | 6.5 | 9.25 | 8.5 |
Janata Bank Nepal Ltd. (Janata) | 6.5 | 5 | 9.25 | 8.5 |
Century Commercial Bank Ltd. (Century) | 6.5 | 6.5 | 9.25 | 8.5 |
Standard Chartered Bank Nepal Ltd. (SCBNL) | 6 | 4 | 9.25 | 8.5 |
Banks & Their Free Services
Many commercial banks are offering free account opening & some banks are charging for the service. Most of the bank offers free checkbook, debit card, ABBS, mobile & internet banking. The banks are offering many types of account. Such as saving, fixed, current, dmat, salary, foreign currency account USD, GBP & EUR. As well they are serving a variety of loans. Such as personal loan, home loan, vehicle loan, business loan, education loan, gold loan & property loan.
Each citizen of our country has the rights to open a bank account. Even Nepalese citizen residing in a foreign nation can open online bank accounts in Nepal without appearing in the bank. As well the foreign citizen can also open a bank account in Nepal. For foreign citizen they must be residing, earning or trading in this country. To open a bank account, you need a photograph, identity proof & address proof which is compulsory. Maybe the bank will demand other relevant documents. You can visit the bank physically or Nowadays many banks have the facility to open an online bank account. You have to fill the online form & submit it you’ll get your account number instantly by email or sms.
Choose The Best Bank By Comparing Their Services
Let’s talk about not only the interest rates but also about the service of the banks. Many banks are paying high interest but their service is so bad. I’m not going to point the bad service bank name here. But I am going to tell you the banks which provide good service in my opinion. To be honest, in term of service the first name comes in mind is Nepal Investment Bank. There are many instant services where the customer has not to wait for a week or months. Especially the ATM machine works great every time.
The second name come in my mind is Nabil Bank which services also very good. Especially for debit cards & credit cards, where the bank always offering discount & cashback to the customer and even, it supports payment on many of Nepalese & Indian shopping sites too.
The third one is NMB Bank which has a high interest too. The bank is best for its debit cards which support most of the ATMs of our country without any transaction charges. Even withdrawal in India is also a minimum transaction fee among theses all banks.
Im retired, would like to invest 1 cr in FD, where can I earn 1000k per month. Do suggest which bank provides highest ineterst as well as safe bank.
Mr. Mukunde Ale none banks of Nepal can pay so high-interest rate as you are expecting if you fixed deposit of 1 corer you can’t get 1000k per months, considering to current fixed deposit rate you can get around 77k per months. If you are going to fixed deposit such a big amount kindly talk to the bank manager before fixing I am sure the bank will definitely pay you more than 11% interest rate.
Our suggestion kindly goes with any class A banks such as Nabil Bank Ltd, Himalayan Bank Ltd, Sanima Bank Ltd, NIC ASIA Bank Ltd, Machhapuchhre Bank Ltd. Amoung of these, you can choose NIC ASIA Bank which is safe & also provides high-risk cover insurance facility with the account.
YOU MAY VISIT TO ADBL NEAR BY YOUR LOCATION AND WILL BE PROVIDED 9.75% INTEREST RATE ON MORE THAN 5 LACS DEPOSIT IF PERMISSION GRANTED BY BOD AND MANAGER OF THE PARTICULAR BRANCH.
HURRY UP !!
I live abroad in Qatar since 17 yrs and will be living for next couple of years. So, I’m unaware of nepal banks. Your blog helped me understand much of it but still have few concerns. I am looking forward to open a bank account where I can get following facilities. Appreciate if you could advise.
1. Easy internet and mobile banking
2. Enticing interest rates
3. Online purchases like AliExpress, Amazon, & Ebay
4. Convenient ATM services
Mr. Pawan Dangol our suggestion kindly go with SANIMA Bank Ltd. If you are staying in abroad then you can apply for online account opening from here https://eaccount.sanimabank.com/home. If you will come to Nepal & stay at least 10 days then you can apply for 3 in 1 account from here https://eaccount.sanimabank.com/three-in-one-account-first/7. Where you’ll get SAVING, SHARE TRADING & DEMAT account. So, you can buy or sell SHARE hassle free from anywhere through their online service.
As your concern
1. Mobile & ibanking is excellent.
2. Interest rate is high on normal saving account as well on fixed deposit.
3. The SANIMA Debit Card (NPR) can be used to any ATM machine of any banks in Nepal without any transaction fee & card annual charge is also low.
4. Using the SANIMA Debit Card (NPR) you can purchase online in Nepal (Daraz, sastodeal, giftmandu etc) & India (Amazon.in, flipkart, Snapdeal etc). If you still want to purchases form international shopping sites like AliExpress, Amazon, & Ebay then you have to apply for VISA Dollar Debit Card, VISA Dollar Credit Card or VISA Dollar Travel Card.