Are you considering a fixed deposit but do not know which bank in Nepal currently offers the best interest rates? Do not worry! Saral Banking Sewa (SBS) is here to save you from the time-consuming hassle of visiting each bank’s official website and comparing them one by one.
In this blog post, we’ll explore everything you need to know about fixed deposits, compare interest rates offered by various banks as of Ashad 2082, and provide helpful tips to choose the best FD that works for you.
A fixed deposit (FD) is a low-risk savings option offered by banks and financial institutions in Nepal, popular for its safety and higher interest returns over a set period. While there are two basic types of FDs, general (interest paid quarterly) and compounding (interest plus principal paid at maturity), most Nepali banks currently pay interest quarterly or as per agreement.
You deposit a specific amount for a fixed tenure, ranging from 3 months to over 5 years, without withdrawing it before maturity. The rate remains fixed throughout, ensuring guaranteed returns unaffected by market changes.
According to the latest interest revision for Ashad 2082, Everest Bank and NIC Asia have the highest fixed deposit interest rate of up to 6.55%. Following that, Muktinath, Jyoti, and Garima Bikash Bank offer interest rates of up to 6.5%.
Apart from them, other commercial and development banks in Nepal currently have competitive interest rates of 3% to 6.5% for FDs.
Here is a brief overview of the fixed deposit interest rates of various banks in Nepal as of Ashad 2082.
| Bank | Interest Rate (For Ashad) |
| Fixed | |
| Everest Bank | 4 - 6.55% |
| NIC Asia | 3.5 - 6.55% |
| Muktinath Bikas Bank | 3.75 - 6.5% |
| Jyoti Bikas Bank | 3 - 6.5% |
| Garima Bikas Bank | 3.75 - 6.5% |
| Kamana Sewa Bikas Bank | 3.25 - 6.5% |
| Sanima Bank | 3.3 - 6.33% |
| Himalayan Bank | 3.25 - 6.25% |
If you want to find out current fixed deposit rates in other banks and compare them side by side, use our fixed deposit comparison tools in Saral Banking Sewa.
Here are a few factors that you must consider before choosing an FD.
When it comes to growing your savings, selecting the right fixed deposit can have a profound impact on your returns over time. While interest rates may appear similar at first glance, even a slight variation in rate or policy can significantly influence your final yield. So, it is important to do a thorough comparison.
At Saral Banking Sewa, we’ve made this process effortless. With our Fixed Deposit Comparison Tool, you can explore the latest FD interest rates from top banks in Nepal, all in one place, updated monthly, and designed to help you make informed decisions—fast.
Explore and compare FD rates now: Don’t settle for less. Get the most out of your fixed deposit with SBS.
As of Ashad 2082, Everest and NIC Asia have the highest fixed deposit interest rate of up to 6.55%.
Banks in Nepal are currently offering interest rates ranging from 3 to 6.55% for a fixed deposit, depending on the FD’s tenure length.
As per the latest official interest rate updates, no bank in Nepal is currently offering a 9.5% interest rate on fixed deposits.
In terms of the highest interest rates, Everest Bank and NIC Asia Bank are seemingly the best for a fixed deposit in Nepal 2082.
As of now, none of the banks in Nepal offer a double the money fixed deposit scheme.
