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.

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.