If you have been following interest rate updates lately, you might have noticed a quiet shift in the market. Fixed deposits in Nepal are once again attracting attention in 2082. With interest rates hovering between 5% to 7%, many Nepalis are returning to this traditional saving option as a reliable way to earn steady returns while keeping their money safe.
A fixed deposit (FD) is a type of bank account where you deposit a certain amount for a fixed period and earn a guaranteed interest rate that is usually higher than a regular savings account. It is one of the simplest and most secure financial products available in Nepal.
However, not all FDs are the same. Each bank offers different interest rates, tenure options, and benefits depending on your savings goals and customer type. Whether you are a remittance earner, a salaried individual, or a business looking for short-term investment, the right fixed deposit can make your savings grow faster.
In this complete guide, you will learn about:
Before you open your next account, compare the latest FD rates across banks on Saral Banking Sewa and make an informed decision about where your money works best.
A fixed deposit (FD) is a financial product offered by banks and financial institutions where you deposit a lump sum of money for a specific time period and earn a predetermined interest rate. Unlike a savings account, you cannot withdraw your money before maturity without breaking the deposit, which is why it is called “fixed.”
In Nepal, fixed deposits are one of the most preferred saving instruments because they offer guaranteed returns, low risk, and predictable income. Once you fix your deposit, the bank agrees to pay you a set interest rate for the chosen period, which can range from three months to several years.
For example, if you deposit NPR 500,000 for one year at 7% interest, you will earn NPR 35,000 as interest at the end of the term. Some banks even offer compounding options where your interest earns additional interest over time, leading to higher effective returns.
Because FDs are not affected by market fluctuations, they are often used by retirees, remittance earners, and risk-averse savers who prefer stability over speculation.
Quick Tip: Banks in Nepal usually offer higher FD rates for remittance accounts and senior citizens, so it is always worth checking the specific rate that applies to your category.
If you want to see how much you could earn based on your deposit and tenure, use the FD Calculator available on Saral Banking Sewa to estimate your total return instantly.
Fixed deposit interest rates in Nepal continue to fluctuate as banks adjust to liquidity conditions and Nepal Rastra Bank’s monetary policies. In 2082, most commercial banks are offering rates between 5% and 7%, depending on tenure, deposit type, and customer category.
Because rates change frequently, staying updated is important before locking your deposit. Below is an overview of the latest fixed deposit interest rates offered by major banks in Nepal.
| S.N. | Bank | Scheme | Interest Rate |
| 1 | Global IME Bank | Global General Fixed Deposit | 3.5 - 6% |
| 2 | Himalayan Bank | Fixed Deposit | 3 - 6% |
| 3 | Lumbini Bikas Bank | Individual Fixed Deposit | 4.9 - 5.9% |
| 4 | Jyoti Bikas Bank | Individual Fixed Deposit | 2.75 - 5.9% |
| 5 | Muktinath Bikas Bank | Individual Fixed Deposit | 2.75 - 5.8% |
| 6 | Mahalaxmi Bikas Bank | Individual Fixed Deposit | 3.5 - 5.8% |
| 7 | Garima Bikas Bank | Fixed Deposit Individual | 2.75 - 5.76% |
| 8 | Kamana Sewa Bikas Bank | Individual Fixed Deposit | 4 - 5.76% |
| 9 | Shine Resunga Development Bank | Individual Fixed Deposit | 4.5 - 5.76% |
| 10 | Shangri-la Development Bank | Individual Fixed Deposit | 2.75 - 5.76% |
| 11 | NIC Asia | Sarbashrestha Muddati Khata | 2.75 - 5.75% |
| 12 | Rastriya Banijya Bank | Fixed Account | 3.77 - 5.5% |
| 13 | Siddhartha Bank | Siddhartha Muddati Khata | 3.75 - 5.5% |
| 14 | Everest Bank Ltd. | Normal Fixed Deposit | 3 - 5.25% |
| 15 | Nepal SBI Bank | Dhanvriddhi Bachat Yojana | 3 - 5.25% |
The variation in interest rates depends on each bank’s liquidity position, deposit targets, and NRB’s policy rate. When liquidity tightens, banks increase FD rates to attract deposits. Similarly, remittance and senior citizen FDs usually carry higher rates as part of customer incentive programs.
For most savers, a difference of even 0.5% in interest rate can significantly increase total earnings on large deposits. That is why comparing rates before investing is essential.
Quick Tip: Check whether your FD interest is compounded quarterly or paid at maturity. Compounding frequency can make a noticeable difference in your total return.
Before you open your next fixed deposit account, compare the latest FD rates from all major Nepali banks directly on Saral Banking Sewa. Our comparison tool is updated every month, so you can always make an informed choice about where to invest your savings.
At first glance, the answer seems simple; just pick the bank with the highest rate on the rate sheet. But choosing the best fixed deposit goes beyond interest percentage. The highest rate does not always mean the best return once you consider tenure, compounding, and tax deductions.
Currently, several leading commercial banks in Nepal are offering around 5% to 7% on individual and remittance fixed deposits. Some smaller or newly merged banks may even advertise slightly higher rates to attract new customers. However, these offers often come with shorter tenures or specific conditions.
Here is a quick snapshot of the top FD interest rates available as of Kartik, 2082 (November 2025):
| Category | Top Bank(s) | Rate Range | Notes |
| Individual FD | Global IME Bank | 3.5 % – 6.0 % | Competitive for a one-year term |
| Siddhartha Bank | 3.75 % - 5.5 % | ||
| Remittance FD | NMB Bank | 3.00 % – 6.00 % | Designed for Nepalis abroad |
| Global IME Bank | 4.00 % - 7.00% |
When comparing fixed deposits, focus on more than just the headline rate:
Even a small variation, say 0.3 % to 0.5 %, can add up to thousands of rupees over a few years. Therefore, the smartest approach is to compare not just rates but the complete terms and benefits.
Quick Tip: If you receive remittance income or fall under the senior citizen category, you are eligible for higher FD interest. Checking these special schemes can help you earn extra income without additional risk.
See which bank gives you the best fixed deposit rate for your savings goal. Visit Saral Banking Sewa to compare rates across all major Nepali banks and choose the FD that offers the right balance of safety and return.
Understanding how interest is calculated is essential before you decide where and how long to deposit your money. A fixed deposit pays you a pre-agreed interest rate for a specific tenure, but your total return depends on three key factors: the principal amount, the interest rate, and the compounding method.
Most banks in Nepal use a compounding method, which means the interest you earn also begins to earn interest over time.
In general, banks follow this formula: Maturity Value = P * (1 + r/n)n * t
Where P is the amount you deposit, r is the annual interest rate, n is how many times the interest is compounded each year, and t is the number of years you keep the money fixed.
Banks in Nepal offer several types of fixed deposit (FD) accounts, each designed for different kinds of customers and saving goals. While the core idea of earning interest on a locked deposit remains the same, the interest rates, eligibility, and benefits can vary by account type.
Here are the main FD categories you can choose from:
This is the most common form of FD in Nepal. It is opened by individual customers who wish to save a lump sum for a fixed period and earn a guaranteed interest rate.
Remittance FDs are designed for Nepalis working abroad who regularly send money home. These accounts usually offer a higher interest rate than standard FDs as an incentive for foreign income earners.
This FD type is offered to businesses, cooperatives, NGOs, and institutions that want to park surplus funds securely while earning steady interest.
Choosing the right type of FD depends on your purpose, liquidity needs, and source of funds.
If you receive remittance income or belong to a senior citizen group, you may qualify for bonus interest rates that help you earn more than a standard FD.
Before opening a fixed deposit account, one of the first decisions you’ll need to make is how long to keep your money locked. The tenure, or deposit period, directly affects how much interest you earn and how easily you can access your funds.
Short-term and long-term FDs both have advantages. The right choice depends on your financial goal, liquidity needs, and risk preference.
A short-term FD usually lasts from 3 months to 1 year.
It’s ideal for people who want quick access to their money but still wish to earn more than a savings account offers.
Key Features:
Pros:
Cons:
A long-term FD typically ranges from 1 year to 5 years.
It’s best suited for people who prefer consistent, guaranteed returns without the need for quick access to funds.
Key Features:
Pros:
Cons:
| Feature | Short-Term FD | Long-Term FD |
| Tenure Range | 3 months – 1 year | 1 – 5 years |
| Average Interest Rate | 2.75% – 3.5% | 3.5% – 7.0% |
| Liquidity | High | Low |
| Compounding Benefit | Minimal | Strong |
| Best For | Temporary savings or short goals | Future planning and higher returns |
Ask yourself these three questions before choosing your FD tenure:
If your answer leans toward flexibility, a short-term FD is better. If you want to maximize your earnings and can wait, a long-term FD will deliver stronger returns.
Tip: Some banks allow “auto-renewal” at updated rates. This helps you extend your long-term FD automatically when it matures, keeping your returns consistent.
Interest earned from a fixed deposit is taxable in Nepal. Banks automatically deduct a small portion of your interest as TDS (Tax Deducted at Source) before depositing it into your account. This ensures your tax compliance is handled automatically.
Currently, the TDS rate is 5% for individual depositors and 15% for institutions, as per Nepal Rastra Bank and Inland Revenue Department guidelines.
For example, if you earn NPR 100,000 in interest, the bank will deduct NPR 5,000 (5%) and credit NPR 95,000 to your account.
| Depositor Type | TDS Rate | Note |
| Individual | 5% | Standard for all personal accounts |
| Institutional | 15% | For companies, NGOs, or cooperatives |
| Remittance & Senior Citizen FD | 5% | Same as individual rate |
TDS doesn’t reduce your deposit amount; it only applies to the interest income you earn. Understanding this helps you calculate your real post-tax return, which is often slightly lower than the advertised rate.
You can easily estimate your after-tax interest using the FD Calculator on Saral Banking Sewa by entering your deposit amount, tenure, and rate.
Opening a fixed deposit account has become much easier in recent years. Most commercial banks in Nepal now allow customers to start or renew their FDs through mobile banking apps or official bank websites, without visiting a branch.
If you are new to online deposits, here’s a simple overview of how the process works:
Most banks require only basic documents to open an online FD:
If you are opening a remittance FD, the funds must come through an official remittance channel. Similarly, senior citizen FDs may require proof of age.
Opening your FD online not only saves time but also ensures transparency in rate and tenure selection. You can instantly compare multiple banks on Saral Banking Sewa and choose one that best fits your savings plan.
Most commercial banks in Nepal require a minimum deposit of NPR 10,000 to NPR 50,000 to open a fixed deposit account. Some development banks and microfinance institutions may allow lower amounts.
As of November 2025, banks such as Global IME, NMB, and Siddhartha are offering some of the highest fixed deposit rates in Nepal, averaging between 3.5% and 7.00% depending on tenure and deposit type.
NRB does not set fixed deposit rates directly. Instead, it provides monetary policy guidelines that influence how banks adjust their own rates based on liquidity and market conditions.
Yes. A 5% TDS is deducted automatically from the interest for individual depositors, and 15% for institutions. The deducted amount is sent directly to the Inland Revenue Department.
Yes. Most banks allow you to open or renew your FD account online through their mobile banking app or website once your KYC verification is complete.
Yes. Fixed deposits are considered one of the safest investment options since they are regulated by Nepal Rastra Bank and backed by the bank’s financial obligations. However, it’s always wise to choose reputable and well-capitalized banks.
Fixed deposits remain one of the most trusted ways to grow your savings safely in Nepal. With interest rates between 3% and 7%, they continue to offer predictable returns for both individuals and institutions.
However, the right FD for you depends on how long you can lock your funds, your income type, and your risk preference. Even a difference of 0.5% in rate can create a noticeable gap in your total return over time.
Before opening your account, always review the latest FD interest rates and schemes from multiple banks.
You can do this easily on Saral Banking Sewa, where you can compare rates side-by-side, calculate real returns, and find the best bank for your savings goal — all in one place.
Smart savers don’t just deposit. They compare, calculate, and commit with confidence.
