A fixed deposit, or FD, is an account with higher interest rates than a regular savings account.
The name "fixed deposit" refers to the deposit of a fixed amount for a fixed time in a bank. You will get the interest in return either after the maturity of the FD or periodically.
Fixed Deposit is an excellent way to build your savings while earning interest on your money. It is also considered a reliable option for investment in Nepal where the risk factors are minimal compared to other investment options.
Now, let’s discuss the types of FD that we can invest in.
In a normal FD, you need to deposit the total amount at once, for a fixed period.
Recurring fixed deposits allow you to deposit a certain amount periodically. Many banks allow deposits to be made monthly or quarterly.
However, withdrawal is only allowed at maturity for both of the FD types.
Banks in Nepal let you open a fixed deposit account by depositing a minimum amount for a certain period, according to their scheme.
Average minimum deposit: Rs 10,000
Minimum deposit Tenure: 3 months
Maximum deposit tenure: 5 years
With Saral Banking Sewa's Fixed deposit comparison tool, you can compare different Fixed deposit accounts provided by all commercial and national-level development banks in Nepal. You can compare and choose the most suitable option for you.
The comparison metrics include minimum deposit, interest rate, deposit tenure, etc. To find the highest interest rate on a fixed deposit account in Nepal, click here.
Premature withdrawals from fixed deposit accounts are subject to a penalty fee. The penalty amount can vary as per the bank's policies. (As per the rules of STC)
There is a Fixed Deposit comparison tool provided by Saralbanking Sewa, from which you can compare interest rates. With this tool, you can compare remittance fixed deposits, normal fixed deposits, etc.
Here is the list of the Highest Interest rates provided by all commercial and national-level development banks of Nepal.
| Bank and Product Name | Interest rate per annum |
| Garima Bikas Bank Individual Fixed Deposit | 12% |
| Muktinath Bikas Bank Individual Fixed Deposit | 12% |
| Nabil Bank Individual Fixed Deposit | 11% |
| Global IME Bank Individual Fixed Deposit | 11% |
Compare Interest rates of Normal Fixed Deposit
| Bank and Product Name | Interest rate per annum |
| Prime Bank Remittance Fixed Deposit | 14% |
| Muktinath Bikas Bank Remittance Fixed Deposit (1 year only) | 13% |
| Lumbini Bikas Bank Remittance Fixed Deposit | 13% |
| Agricultural Development bank Remittance Fixed Deposit | 13% |
Compare Interest rates of Remittance Fixed Deposit
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