Remittance Fixed Deposit is for the individuals working abroad or family members of remittance earning individuals with source of income as remitted funds who wants to invest in Fixed Deposits for higher rate of return.
*Please note that 6% tax shall be applicable as per current tax policy.
Minimum Balance - Rs. 10,000
Interest Rate – 4% - 5%
Tenure - 3 Months - above 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 4% - 5.5%
Tenure - 3 Months - 3 Years and above Months
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 5.05%
Tenure - 3 Months - Above 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.85% - 5.5%
Tenure - 12 Months - Above 3 Years
Minimum Balance - Rs. 100,000
Interest Rate – 3.75% - 5.9%
Tenure - 6 Months - above 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 4.85%
Tenure - 3 Months - Above 1 Years
Minimum Balance - Rs. 100,000
Interest Rate – 4% - 5.5%
Tenure - 3 Months - above 2 Years
Minimum Balance - Rs. 0
Interest Rate – 3.8% - 5.55%
Tenure - 3 Months - Above 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 5.75%
Tenure - 3 Months - 15 Years
Minimum Balance - Rs. 0
Interest Rate – 4% - 5.15%
Tenure - 3 Months - above 1 Years
Minimum Balance - Rs. 25,000
Interest Rate – 3.85% - 5.15%
Tenure - 3 Months - above 1 Years
Minimum Balance - Rs. 5,000
Interest Rate – 3.76% - 5.5%
Tenure - 3 Months - above 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 5.75%
Tenure - 3 Months - 3 Years
Minimum Balance - Rs. 5,000
Interest Rate – 3.75% - 5.15%
Tenure - 3 Months - 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.76% - 5.5%
Tenure - 3 Months - Above 3 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 5.1%
Tenure - 3 Months - 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.82% - 5.25%
Tenure - 3 Months - above 3 Years
Minimum Balance - Rs. 10,000
Interest Rate – 4% - 5.5%
Tenure - 1 Year - above 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.8% - 5.5%
Tenure - 3 Months - 10 Years
Minimum Balance - Rs. 0
Interest Rate – 4% - 5.55%
Tenure - 6 Months - above 10 Years
Minimum Balance - Rs. 50,000
Interest Rate – 3.75% - 6%
Tenure - 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 6.11%
Tenure - 6 Months - above 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 5.95%
Tenure - 3 Months - above 5 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 4.25%
Tenure - 6 Months - 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 5.95%
Tenure - 3 Months - Above 3 Years
Minimum Balance - Rs. 10,000
Interest Rate – 3.75% - 6.43%
Tenure - Below 6 Months - Above 2 Years
Minimum Balance - Rs. 10,000
Interest Rate – 4.3%
Tenure - 1 Year - above 2 Years
A remittance fixed deposit is a type of fixed deposit account with a higher interest rate than general fixed deposit accounts, designed exclusively for Nepalese citizens working abroad or undivided family member of such person.
In a Remittance Fixed Deposit, individuals can deposit the remittance amount they receive from overseas into a fixed deposit account. The funds are locked in for a predetermined period (the fixed deposit tenure) and accrue interest at a higher rate compared to regular fixed deposits.
The benefits of a Remittance Fixed Deposit include higher interest rates, stability of returns, and the opportunity to earn more from the remittance funds. It can also serve as a tool to save and grow the money sent by family members working abroad. A Remittance Fixed Deposit offers higher interest rates compared to regular FD accounts.
Yes, most commercial banks in Nepal offer Remittance Fixed Deposit accounts. However, you must meet their requirements, especially proof of remittance income. It's advisable to research and compare the remittance fd interest rates, terms, and conditions offered by different banks to find the best option for your needs.
The minimum and maximum deposit amount depends on the bank. Different banks might have varying deposit amounts for Remittance Fixed Deposits. Usually, the minimum starts from a few thousand rupees, while maximum limits may vary. These amounts can depend on the bank's policies and the tenure you choose.
Remittance Fixed Deposits are designed to be locked in for a specific period, and early withdrawals might not be allowed or might incur penalties. It's important to clarify the withdrawal terms with the bank before opening the account. It is better to keep the deposit until maturity to enjoy the full benefits and higher returns.
Yes, interest earned from fixed deposits in Nepal is subject to income tax as per Nepal government rules.. The tax rate can vary depending on the individual's total taxable income and the prevailing tax laws. Banks usually deduct tax at source before crediting interest.
Yes, most Nepali banks allow you to take a loan against your Remittance Fixed Deposit. This helps you access funds without breaking your deposit. The loan process is usually quick, and interest rates are lower compared to other loan options.
To open a Remittance Fixed Deposit account, visit a bank branch that offers this service. You'll need to provide identification documents, proof of remittance, and complete the necessary paperwork as required by the bank.
If you have already have Remittance Saving account maintained at a bank you can apply for Remittance Fixed Deposit via mobile banking or internet banking.
Remittance FD Interest rates vary by bank and change regularly. To find the highest rate, it is important to compare different banks. Using comparison platforms like Saral Banking Sewa, you can quickly identify the best Remittance FD rates options in Nepal.
To compare rates easily, check multiple bank websites or use a trusted comparison platform. For a quick comparison, visit Saral Banking Sewa to compare remittance FD interest rates from different Nepali banks in one place.
Yes, Remittance Fixed Deposits are considered safe as they are offered by regulated banks in Nepal. They provide fixed returns with low risk, making them a reliable option for individuals who want to grow remittance income securely.
