A fixed deposit (FD) is a financial product offered by banks to their customers at a higher interest rate than a regular savings account. It is a type of investment in which the account holder deposits a specific amount with the bank at a fixed interest rate for a set period of time. The bank pays the customer interest on this amount until it reaches maturity.
A Fixed Deposit (FD) is the most stable investment option in today's investment market. As the interest rates do not fluctuate based on market and economic conditions, an FD is better than mutual funds, stocks and other investments.
Fixed Returns
Low Risk Level
High interest rate
Collateral Ability
Ease of investing
Individuals.
Minors.
Trusts.
Associations.
Clubs.
Societies
Every fixed deposit account has minimum and maximum limits. These amounts vary from bank to bank. Most banks will allow you to start an FD with as low as Rs 10,000.
The interest rate for fixed deposit accounts in Nepal is AROUND 10 to 12 %.
High-interest rates and a tax-saving facility are some of the best benefits of an FD. A recurring deposit is best for those who prefer to invest small amounts.
You can apply for Fixed Deposit of desired banks from our website. Sometimes, customers who already have a normal savings account may want to have a Fixed Deposit Account; in this case, they can apply for Fixed Deposit with the bank's mobile app.
Yes. However, you will be charged a penalty for such premature withdrawals.
