Bank Interest Rates in Nepal
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.
| Banks | Normal Savings | Special Savings | FD Personal | FD Institutional |
|---|---|---|---|---|
| Nepal Bank Ltd. (NBL) | 6.42 | 8.42 | 11.00 | 9.00 |
| Agriculture Development Bank Ltd. (ADBNL) | 6.42 | 8.42 | 12.13 | 10.13 |
| NIC ASIA Bank Ltd. (NIC) | 6.42 | 9.42 | 11.00 | 9.00 |
| Rastriya Banijya Bank Ltd. (RBB) | 6.42 | 8.22 | 11.00 | 9.00 |
| Himalayan Bank Ltd. (HBL) | 6.42 | 9.42 | 11.00 | 9.00 |
| Machhapuchhre Bank Ltd. (MBL) | 6.42 | 8.42 | 11.00 | 9.00 |
| Nepal SBI Bank Ltd. (NSBI) | 6.42 | 8.42 | 11.00 | 9.00 |
| Prabhu Bank Ltd. (PRABHU) | 6.42 | 7.25 | 11.00 | 9.00 |
| Nabil Bank Ltd. (NABIL) | 6.42 | 8.42 | 11.00 | 9.00 |
| Nepal Investment Mega Bank Ltd. (NIMB) | 6.42 | 7.42 | 11.00 | 9.00 |
| Everest Bank Ltd. (EBL) | 6.42 | 8.42 | 11.00 | 9.00 |
| Global IME Bank Ltd. (Global) | 6.42 | 8.42 | 11.00 | 9.00 |
| Kumari Bank Ltd. (Kumari) | 6.42 | 8.42 | 11.00 | 9.00 |
| Sanima Bank Ltd. (Sanima) | 6.42 | 8.42 | 11.00 | 9.00 |
| Laxmi Bank Ltd. (Laxmi) | 6.42 | 8.42 | 11.00 | 9.00 |
| Sunrise Bank Ltd. (Sunrise) | 6.42 | 8.42 | 11.00 | 9.00 |
| NMB Bank Ltd. (NMB) | 6.42 | 8.42 | 11.00 | 9.00 |
| Siddhartha Bank Ltd. (SBL) | 6.42 | 7.15 | 11.00 | 9.00 |
| Citizens Bank International Ltd. (Citizens) | 7.13 | 9.13 | 11.00 | 9.00 |
| Prime Commercial Bank Ltd. (Prime) | 7.13 | 9.13 | 11.00 | 9.00 |
| Standard Chartered Bank Nepal Ltd. (SCBNL) | 7.13 | 9.13 | 11.00 | 9.00 |
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.
SANIMA Bank
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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Hello sir! Which banks are giving FD return 10 times in 20 years? Is it worth to invest 10 lakhs now for my children?
Hello Deepak Ji, Its NIC Asia Bank gives 10 times return in 21 years for fixed deposit.
Hi Mr. Ramu,
Mostly the banks are calculating interest every quarter (i.e, every 3 months).
Thank you.
Yes Ramu Jee, you’re right.
How much interest rate would i get for quaterly fd?is it possible to get interest quaterly?
Sir, is it possible to do online transfers from own account of any bank in Nepal, across countries like UK, HK, and mainly India quite easily? If so, please kindly tell me from which banks, as well as the upper limits of such transfers, and also about the general procedures / protocol etc to follow. Thank you.
Raj Rai Jee, you can’t transfer money from Nepal to any foreign nation for general purposes because it’s prohibited by Nepal Rastra Bank. For a special case like studies, medical emergency, travaling or bussiness the bank represetative will transfer the amount you can’t transfer yourself. You have to provide the legal documentation to the bank. The limits are different depending upon the categories.
Could you tell me more about term insurance and health check up in details?
Hi sir, I am in UAE, I want to do FD some amount in RBB, I have a saving AC in RBB, as per my knowledge, I can’t fix deposit from UAE. Is there any option to FD from here? if it is possible, please suggest, your great answer will appreciate.
are these interest rates provided is per month or per year?
Hello sir,if i do fd in civil bank for 1year,how much percentage of interest will they provide??
Hi Monika Ji, for one year you’ll get a 7.25% interest rate & for one year above you’ll get 8.05%.
is there any banks offering compound interest in Nepal?
Hi Umesh Ji, no banks are offering compound interest they just offering simple interest rates.
Hello admin ji
Is the interest 8.75 %compounded anually …???
Or simply simple interest??!!
Hi Rawmace Ji, almost all the banks having simple interest only.
Hello sir, can you explain me about special saving, fd personal and fd institutional. And which bank gives higher compound interest. Reply pls ??
Hi Kriss, the topic already explained in the article. In short special savings means paying an extra amount for account opening, fd personal means any individuals can open easily this account, fd institutional means you must have a business, firm, office, institute, or organization to open fd account.
It was very nice to have the comparision list of interest rates. But they get updated every month. Could please keep on updating them too.
Hello Ramesh Ji, sorry for the inconvenience now we have updated the interest rates.
Hi sir I want fix deposit in any bank but the interest I want to receive quarterly mean every 3rd month if possible can u reply with detail
Will fixed deposit interest be increased in April-May 2021? What do you think admin?
Hi Suresh Ji, it’s a very rare chance of an increase in interest rate, the chances are it remains same or it will decrease.
how much percentage will provide if i deposite 5 years fixed money.
Hi Rajendra Ji, it depends upon the bank to bank for now fixed deposit up to 3 years the highest you can get 8.75% with civil bank.
is the interest rate apply per month or per quarter?
Sarojani Ji, interest rate calculated monthly but it’s added quarterly to your saving account.
hello sir , how can i collect the data of saving interest rate of different banks in different year?
Hi Jessica, it very difficult to find such type of data on the internet. The other way is you can write a mail to each bank or visit the bank personly with legitimate reason and documentation why you need this data. I am not a hundred percent sure they will provide you the data, but you can try once.
Hello Sir, There any chance in future to increase in FD account. before there was 10/12 % what is the main reason now all bank interest goes down..?
Hi Minraj ji, No there is a minimum chance of increasing FD interest rate, hardly it goes up to 8%. The reason is covid-19 so the banks already have huge much cash.
Hello Sir, I read your article about Recurring Deposit. Thank you very much. please update regarding this topic in future also. My question is, Do recurring deposit holder will get the total amount in the maturity or will get interest like other FDs quarterly?
hello sir, is it riskier for FD in development bank ?? what is the percentage of risk? as interest rate is higher than commercial bank. So, this is going to be my first FD so i want to know more about it, whether i should go with commercial bank. Or development bank. Please kindly give me your suggestion
Punjali ji, both commercial bank and development bank are good, but in terms of trustworthiness, stability, usability and long term investment commercial bank is far better than development. In terms of short time investment, easy access, daily deposits, and high interest rate development banks are better. Panjali ji development is not that much riskier you can go with any development banks if you still curious or confused you read our article on Development Banks in Nepal.
hello sir, what bank is the best for fd in nepal nowdays? how about rastria banijya bank? please kindly give me your suggestion.
Chheten ji, Rastriya Banijya Bank most reputed bank in Nepal blindly you can go RBB for FD. But now in terms of higher interest rates around 8%, you can try Prime Commercial Bank, Civil Bank, or NMB Bank as well.
Thank you so much sir