How often do banks update interest rates in Nepal?

Commercial banks in Nepal revise interest rates quarterly in line with NRB directives. NRB sets a base rate corridor and banks must stay within the prescribed limits.

Is the interest on FD taxable in Nepal?

Yes. Interest income from fixed deposits is subject to 5% tax at source (TDS) for individuals in Nepal. This is withheld by the bank before crediting the interest to you.

Are bank deposits safe in Nepal?

Deposits in NRB-licensed commercial banks are protected by the Deposit and Credit Guarantee Corporation (DCGC) up to रु 5 lakh per depositor per bank.

What is the difference between savings and FD rates?

Fixed deposit rates are higher than savings rates because you lock in your money for a fixed tenure. Savings accounts offer flexibility but lower returns, typically 4–6% in Nepal.

Can I break an FD before maturity in Nepal?

Yes, most banks allow premature withdrawal but may charge a penalty of 1–2% on the applicable rate. Some banks reduce the rate to the savings rate for the period held.

Which bank in Nepal offers the highest FD interest rate?

FD rates change quarterly per NRB directives. As of 2025, development banks and finance companies often offer higher rates (7-9%) than commercial banks (6-8%). Always verify directly with the bank before investing.

Nepal Bank Interest Comparison

Compare FD and savings rates across 11 major Nepali banks to maximize returns.

Nepal Bank Interest Rate Comparison

Investment Amount (रु)

रु

Best available rate for 1 Year

10% p.a.

At NIC Asia Bank · Interest earned: रु 10,000.00 · Maturity: रु 1,10,000.00

Fixed Deposit Rates — 1 Year

Sorted by highest rate · All rates % per annum · Indicative 2025 figures

Rank	Bank	Rate (% p.a.)	Interest Earned	Maturity Amount
1	NIC Asia Bank Private	10%	रु 10,000.00	रु 1,10,000.00
2	Sanima Bank Private	10%	रु 10,000.00	रु 1,10,000.00
3	Global IME Bank Private	10%	रु 10,000.00	रु 1,10,000.00
4	NMB Bank Private	10%	रु 10,000.00	रु 1,10,000.00
5	Kumari Bank Private	9.75%	रु 9,750.00	रु 1,09,750.00
6	NABIL Bank Private	9.5%	रु 9,500.00	रु 1,09,500.00
7	Himalayan Bank Private	9.5%	रु 9,500.00	रु 1,09,500.00
8	Everest Bank Joint Venture	9.5%	रु 9,500.00	रु 1,09,500.00
9	Nepal Bank Limited Government	8.5%	रु 8,500.00	रु 1,08,500.00
10	Rastriya Banijya Bank Government	8.5%	रु 8,500.00	रु 1,08,500.00
11	Standard Chartered Nepal Joint Venture	8%	रु 8,000.00	रु 1,08,000.00

All FD Rates by Tenure

% per annum — rates updated quarterly per NRB directives

Bank	3 Months	6 Months	1 Year	2 Years
NBL	6.5%	7.5%	8.5%	8.75%
RBB	6.5%	7.5%	8.5%	8.75%
NABIL	7%	8%	9.5%	9.75%
SCB Nepal	6%	7%	8%	8.25%
HBL	7%	8%	9.5%	9.75%
NIC Asia	7.5%	8.5%	10%	10.25%
EBL	7%	8%	9.5%	9.75%
Sanima	7.5%	8.5%	10%	10.5%
GIBL	7.5%	8.5%	10%	10.25%
NMB	7.5%	8.5%	10%	10.5%
Kumari	7.5%	8.5%	9.75%	10%

Interest rates are indicative figures based on 2025 NRB-published data. Banks revise rates quarterly. Always confirm current rates directly with your bank before investing. Interest is subject to 5% TDS.

Nepal Bank Interest Comparison का उपयोग कैसे करें

1
Choose the "Savings Account" or "Fixed Deposit" tab depending on which rates you want to compare.
2
For fixed deposits, view the rate table showing rates for 3-month, 6-month, 1-year, and 2-year tenures.
3
Enter your investment amount in the calculator section at the top.
4
Select the tenure to see how much interest each bank would pay on your deposit.
5
The results are automatically sorted by best rate so the top option appears first.
6
Compare the maturity amounts side by side and choose the bank offering the best return for your investment horizon.
7
Check the interest earned per year and the total maturity amount for each bank.
8
Note that rates are updated quarterly per NRB directives — always verify with your bank before investing.

Nepal Bank Interest Comparison के बारे में

Looking for the best fixed deposit or savings account rate in Nepal? The Nepal Bank Interest Comparison tool lets you compare rates across 11 major commercial banks — including NABIL, NIC Asia, Himalayan, Sanima, and more — sorted by highest return.

What You Can Compare

Savings Account Rates: See which bank offers the highest interest on regular savings
Fixed Deposit Rates: Compare 3-month, 6-month, 1-year, and 2-year FD rates side by side
Investment Calculator: Enter your amount and tenure to see exact interest earned and maturity value at each bank

Banks Covered

Nepal Bank Limited, Rastriya Banijya Bank, NABIL Bank, Standard Chartered Nepal, Himalayan Bank, NIC Asia, Everest Bank, Sanima Bank, Global IME Bank, NMB Bank, and Kumari Bank — covering government, private, and joint venture institutions.

Important Notes

Interest rates in Nepal are revised quarterly per NRB (Nepal Rastra Bank) directives. Deposits are protected by DCGC up to रु 5 lakh per depositor per bank. Interest income is subject to 5% TDS. Always verify current rates directly with your bank before investing.