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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.

Best Rates for Magh

S.N. Bank Name Product Interest Rate
1 Nepal Investment Mega Bank NIBL Recurring Fixed Deposit 7%
2 Prabhu Bank Prabhu Recurring Fixed Deposit 6.1%
3 Everest Bank Ltd. SUNAULO BHAWISHYA YOJANA 6%
4 Garima Bikas Bank Recurring Savings Account 6%
5 Citizens Bank Citizens Recurring Deposit(NPR) - 1 Year and above 5.65%

Search Deposit Accounts

Everest Bank Ltd.

SUNAULO BHAWISHYA YOJANA
Deposit Account
Minimum Balance

Rs. 500

Interest Rate

4.25% - 6%

Tenure

3 Months - Above 2 Years

Sanima Bank

Sanima Recurring Deposit
Deposit Account
Minimum Balance

Rs. 1,000

Interest Rate

5.3%

Tenure

1 Year - 5 Years

Laxmi Sunrise Bank

Recurring Deposit
Deposit Account
Minimum Balance

Rs. 500

Interest Rate

5.5%

Tenure

5 Years