Kathmandu. A Fixed Deposit is an account opened with a bank wherein, the bank pays a guaranteed interest rate on the sums deposited in a Fixed Deposit account, for a stipulated period or tenure. Creating a Fixed Deposit allows you to higher earn returns on funds lying idle in your Savings Account.

Fixed Deposit is a type of savings or investment account that promises the investor a fixed rate of interest. In return the investor agrees not to withdraw or access their funds for a fixed period of time which could range from 3 months and above.

The interest rate on a fixed deposit varies depending on the term you choose. However, the rate of interest is fixed. If you want to know the current FD interest rates, you can visit the bank’s websites.

The minimum deposit amount for this is NPR 10 ,000 and above. The minimum deposit period is from 3  months to 60  months in commercial banks of Nepal . The current Banks Fixed Interest Rate is one digit 9.99 percent. 9.99 percent is individual and 7.99 percent for institutions for Remittance Fixed deposit Interest Rate is 10.99 percent in commercial banks .

The Fixed deposit schemes available on the name of the commercial banks in given list:

Kumari Bank  Limited

Nepal Bank Limited

Rastriya Banijya Bank Limited

Agriculture Development Bank Limited

Nabil Bank Limited

Nepal Investment Mega Bank Limited

Standard Chartered Bank Nepal

Himalayan Bank Limited

Nepal SBI Bank Limited

Everest Bank Limited

Prabhu Bank Limited

Laxmi Bank Limited

Global IME BOK Bank Limited

Citizens Bank International

Prime Commercial Bank Limited

Sunrise Bank Limited

NMB Bank Nepal Limited

NIC Asia Bank Limited

Siddhartha Bank Limited

Machhapuchchhre Bank Limited

Sanima Bank Limited