Bank Interest Rates in Nepal

Nepal Banks Interest rate

Bank Interest Rates in Nepal: Since 1937 the Nepal Bank Limited has started banking service in Nepal. It is the first commercial bank of Nepal. Nowadays there are 21 commercial banks. Which performing services like deposits, loans, remittance, checkbook, credits cards, debit cards, mobile banking, internet banking, shares & insurances.

Which Bank is Paying High Interest Rates in Nepal

The bank interest rates in Nepal are decided by Nepal Rastra Bank. But the commercial banks can increase or decrease the interest rates without exceeding the maximum or minimum rates set by Nepal Rastra Bank.

However, we have pointed both the maximum & minimum interest rates on the savings accounts. And also the maximum interest rate on fixed deposit for personal & institutional accounts.

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 for maximum interest rate kindly choose those bank which has a high interest rate on the Normal savings account. Generally, the normal savings 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. The given values are in percentage. Updated on 15-01-2023, BS 01 Magh 2079.

BanksNormal SavingsSpecial SavingsFD PersonalFD Institutional
Nepal Bank Ltd. (NBL)6.428.4211.009.00
Agriculture Development Bank Ltd. (ADBNL)6.428.4212.1310.13
NIC ASIA Bank Ltd. (NIC)6.429.4211.009.00
Rastriya Banijya Bank Ltd. (RBB)6.428.2211.009.00
Himalayan Bank Ltd. (HBL)6.429.4211.009.00
Machhapuchhre Bank Ltd. (MBL)6.428.4211.009.00
Nepal SBI Bank Ltd. (NSBI)6.428.4211.009.00
Prabhu Bank Ltd. (PRABHU)6.427.2511.009.00
Nabil Bank Ltd. (NABIL)6.428.4211.009.00
Nepal Investment Mega Bank Ltd. (NIMB)6.427.4211.009.00
Everest Bank Ltd. (EBL)6.428.4211.009.00
Global IME Bank Ltd. (Global)6.428.4211.009.00
Kumari Bank Ltd. (Kumari)6.428.4211.009.00
Sanima Bank Ltd. (Sanima)6.428.4211.009.00
Laxmi Bank Ltd. (Laxmi)6.428.4211.009.00
Sunrise Bank Ltd. (Sunrise)6.428.4211.009.00
NMB Bank Ltd. (NMB)6.428.4211.009.00
Siddhartha Bank Ltd. (SBL)6.427.1511.009.00
Citizens Bank International Ltd. (Citizens)7.139.1311.009.00
Prime Commercial Bank Ltd. (Prime)7.139.1311.009.00
Standard Chartered Bank Nepal Ltd. (SCBNL)7.139.1311.009.00

How To Choose Correct Bank Account Type If I Am A…

Bank Products And 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 accounts. Such as saving, fixed, current, dmat, salary, FCY known as 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, mortgage loan & property loan.

Each citizen of our country has the right to open a bank account. Even Nepalese citizens residing in a foreign nation can open online bank accounts in Nepal without appearing in the bank.

As well the foreign citizen or NRN non-residential Nepalese can also open a bank account in Nepal. For foreign citizens, they must be residing, earning, or trading in this country. For NRN they need an NRN ID card.

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. Just you have to fill the online form & submit it on their sites you’ll get your account number instantly by email or SMS.

The Best Bank By Comparing The Services

Let’s talk about not only the interest rates but, also about the services of the banks. Many banks are paying high interest but their services are so bad. I’m not going to point the bad services bank’s name here. But I am going to tell you the banks having good services in my opinion.

Nepal Investment Mega Bank

To be honest, in terms of service the first name comes in mind is Nepal Investment Mega Bank. There are many instant services where the customer has not to wait for a week or months. Like a password reset of internet banking or mobile banking. Check on demand instantly. Especially the ATM machine works great each time.


The second one is Sanima Bank if you are NRN or staying out of country forget those three banks which have been discussed above. Sanima bank started by NRNs & they better know the banking problems while staying out of the country. So Sanima Bank enters the banking industry with solutions. The service offered by Sanima Bank is far better than other banks such as account opening, account types, domestic/international debit cards, domestic/international credit cards, sanima express remittance, loan facilities.

Nabil Bank

The third name that comes in my mind is Nabil Bank which services also very good. Especially for debit cards & credit cards, where the bank always offering discounts & cashback to the customer. On many online sites, you get a heavy discount with Nabil bank. Surprisingly, it supports payment on many Nepalese as well on Indian shopping sites too.

NMB Bank

Forth 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. Now many banks are offering such a transition charge free debit card. But still, the NMB debit card is the best. Even withdrawal in India is also a minimum transaction fee among theses all banks.

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