Kathmandu . The fixed deposit interest rate in Nepal has always been discussed as one of the most profitable investments in Nepal. A Fixed Deposit (FD) is a type of financial instrument, provided by banks and other financial institutions, which offers investors a higher rate of interest than a regular savings account, until the agreed maturity date.

Fixed Deposit : Bank/FI Name Interest Rate

Prime Bank Prime Commercial Bank
Fixed Deposit-3m & above 11.054%

NIC Asia NIC ASIA Bank Fixed Deposit-3Mto15Y 11.054%

Nabil Bank Nabil Bank Fixed Deposit-1Y&above 11.054%

NIMB Nepal Investment Mega Bank
Fixed Deposit-1Y&above 11.03%

Commercial banks have now embraced individualized interest rate structures for the upcoming Bhadra month (mid-September to mid-October). This move has resulted in varying rates, especially for fixed deposits, with a majority of banks opting to increase their rates. Most commercial banks are offering an annual interest rate of approximately 5% for depositors who maintain savings accounts during Ashwin. Meanwhile, individual customers have the opportunity to earn a maximum interest rate of 11.36% per annum on fixed deposits (FDs), whereas institutions can secure an interest rate of 9.36% per annum on their fixed deposits.

It is worth noting that, SCB has chosen to reduce its rates, offering the lowest rates among all 20 commercial banks, with a 5.29% interest rate for institutional FDs and a 7.79% interest rate for individual FDs. In contrast, the standard savings rate at SCB remains at 5.9%. In a comparative analysis, Nepal SBI Bank has set its institutional FD rate at 6.2%, while the individual FD rate stands at 8.2%.