Recurring Deposit

A Recurring Deposit (RD) is a type of savings account where individuals can regularly deposit a fixed amount of money at regular intervals (monthly, quarterly, etc.). Over time, these regular deposits accumulate with interest, and the account holder receives a lump sum amount at the end of the predefined period. However some banks in Nepal, deposit interest earned on normal savings accounts either monthly, quarterly or at maturity as per predetermined agreement View More

Best Rates for Shrawan

S.N. Bank Name Product Interest Rate
1 Siddhartha Bank Siddhartha Samriddhi Nichhep Yojana 8.75%
2 Machhapuchhre Bank Limited MBL Recurring Deposit 7.01%
3 Nepal Investment Mega Bank NIBL Recurring Fixed Deposit 7%
4 Citizens Bank Citizens Recurring Deposit(NPR) - 1 Year and above 6.75%
5 Laxmi Sunrise Bank Recurring Deposit 6.5%

Search Deposit Accounts

Siddhartha Samriddhi Nichhep Yojana

Minimum Balance

Rs. 500

Interest Rate

8.44% - 8.75%


5 Years - 10 Years


Minimum Balance

Rs. 500

Interest Rate

5% - 6.3%


3 Months - Above 2 Years

Sanima Recurring Deposit

Minimum Balance

Rs. 1,000

Interest Rate



1 Year - 5 Years

Common Features

  • Maturity date and the amount will be fixed at the time of opening the account
  • Recurring deposit will be opened in the multiples of NPR 500
  • Flexible saving option: from 3 months to 10 years (depending upon Bank's Policy)
  • Higher interest rate than other saving deposit schemes
  • Premature withdrawal allowed.
  • Loan available up to 80% to 90% of the deposited amount .
  • Interest calculated on daily outstanding balance and capitalized on monthly/ quarterly/maturity basis

Common Benefits of RD account 

  • Helps to fulfill the financial needs
  • Convenient Account Management
  • No Market Dependency
  • Fixed Interest Rate
  • Easy Accessibility
  • Easy Investment
  • Stable Returns

Eligibility criteria for Recurring Deposit

  • Any individual is Eligible for availing RD.
  • Minor is also eligible to open RD under the guardianship of a natural or legal guardian.

Common documents required to open RD account in Nepal 

  • Passport-size photographs of the applicant.
  • Identity proof (Citizenship/passport) of the applicant's willing to open the RD account and of their Nominee.

What are the Popular types of RD in Nepal?

  • Regular Recurring Deposit
  • Pensioner Recurring Deposit
  • Recurring deposit for women.

Important factors to consider while opening an RD account in Nepal.

  • Interest rate offered on the Recurring Deposit Account
  • Term Period of the Recurring Deposit Account
  • Related benefits
  • Facility of Premature Withdrawal in the Recurring Deposit Account



Recurring Deposit(RD) is a combination of fixed deposit and saving product for individuals who prefers to save money periodically from their monthly saving for defined period of time. 

Yes, existing account holders can easily open RD account. Where as new customers have to open saving account first to enjoy RD account.

For investors who want to save a regular amount, recurring Deposit is a good investment option without any risk.

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