Fixed Deposit

Which bank offers the highest interest rate on fixed deposits in Nepal?

This Fixed Deposit Interest Rate table shows the best interest rate currently on offer by the 27 commercial banks in Nepal. The interest rates are updated on a monthly basis.

Effective From November 17, 2021 (Mangsir 01, 2078).

What’s a fixed deposit?

A fixed deposit is one of the safest and risk-free investment that you can make. 

You place your funds for a set period of time of your choosing with a guaranteed interest rate paid at the end of the fixed term. 

Fixed deposits also give you a higher interest rate than a traditional savings account.

Are fixed deposits a safe investment?

Yes, they’re generally considered to be one of the safest investment you can make.

This is because up to Rs 300,000 held in a fixed deposit account with commercial banks in Nepal is guaranteed by the Deposit and Credit Guarantee Fund.

So even if the bank itself fails, this government fund will pay its depositors up to that limit.

How is interest calculated with a fixed deposit account?

The interest on fixed deposit accounts is calculated daily and added quarterly (capitalised) to your deposit.

Some banks also provide you with an option for the accumulated interest to be transferred quarterly or at maturity.

How to calculate interest in fixed deposits?

Please use our Fixed Deposit Interest Calculator to work out how much interest you’ll earn by the end of the maturity period. 

Fixed Deposit Calculator


Interest Rate

Interest Compounding

Period (months)

Maturity Value

Can I withdraw money from a fixed deposit?

Not all banks allow you to withdraw money from a fixed deposit acccount.

Circumstances change, so you may require your money sooner than expected.  Some banks may allow you to withdraw your money but they’ll usually charge you an early withdrawal penalty fee.

One option will be to take out a loan against the fixed deposit, but this is not recommended.

Therefore, before you put your money in a fixed account:

  • Create a separate emergency savings account with enough funds to cover six month of your living expenses.
  • Opt for a shorter loan term. You don’t necessarily have to go for the longest term.

What is a recurring fixed deposit?

A recurring fixed deposit is an account where you regularly deposit a pre-determined amount instead of a lump-sum like in a regular fixed deposit account.  

It is ideal for salaried employees and professionals who earn a regular income. It is a great way to build a savings habit and increase your long term savings. 

Another thing that makes recurring deposit account great is that a few banks will allow you to withdraw money without penalties if you have already completed half of the fixed term.

Do you have any tips on fixed deposit? 

Feel free to leave your thoughts or comments below. 

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