Recurring Deposit

A Recurring Deposit (RD) is a type of term deposit offered by banks and financial institutions. It allows individuals to save a fixed portion of their income regularly over a predetermined period View More

Best Rates for Mangsir

S.N. Bank Name Product Interest Rate
1 Laxmi Sunrise Bank Recurring Deposit 10%
2 Garima Bikas Bank Garima Recurring Deposit 9.75%
3 Himalayan Bank 3-Years Recurring Deposit Account 9.603%
4 Citizens Bank Citizens Recurring Deposit(NPR) - 3 Months to 10 Years 9.6%
5 Kumari Bank Limited Recurring Fixed Deposit 9.51%

Laxmi Sunrise Bank

Minimum Balance

Rs. 1000

Interest Rate



60 Months

Garima Bikas Bank

Minimum Balance

Rs. 10000

Interest Rate



0 Months

Himalayan Bank

Minimum Balance

Rs. 1000

Interest Rate



36 Months

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



Yes, customers can choose their own debit date as per their convenient

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, many banks offer pre-mature withdrawal facility in Nepal. 

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