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.
| S.N. | Bank Name | Product | Interest Rate |
|---|---|---|---|
| 1 | Prime Commercial Bank | Prime Recurring Remit Deposit Account | 5.25% |
| 2 | Citizens Bank | Citizens Recurring Deposit(NPR) - 1 Year and above | 5% |
| 3 | Agriculture Development Bank | Recurring Fixed Deposit | 4.95% |
| 4 | Everest Bank Ltd. | SUNAULO BHAWISHYA YOJANA | 4.75% |
| 5 | Himalayan Bank | 3-Years Recurring Deposit Account | 4.25% |
Minimum Balance - Rs. 100
Interest Rate – 2.75%
Tenure - 1 Month
Minimum Balance - Rs. 500
Interest Rate – 4%
Tenure - 12 Months
Minimum Balance - Rs. 1,000
Interest Rate – 2.75%
Tenure - 3 Years