Fixed deposit (FD) are among Nepal’s most trusted and best investment options. They offer guaranteed returns and are ideal for individuals seeking a safe way to grow their savings. Whether you are saving for your child’s education, retirement, or any other financial goal, a fixed deposit in Nepal can provide the security and steady income you need.
What is a Fixed Deposit?
A fixed deposit is a financial product given by a bank or financial institution. In this product, you deposit a lump sum for a certain period at a predetermined interest rate. The interest rate is usually higher than that of a regular savings account. At the end of the period, the bank returns the principal along with the accrued interest.
Features of Fixed Deposits in Nepal
- Guaranteed Returns: Fixed deposits offer a stable interest rate unaffected by market fluctuations.
- Tenure Flexibility: Choose a tenure ranging from 3 months to 10 years.
- Higher Interest Rates: Compared to regular savings accounts, FDs provide better returns.
- Loan Facility: Borrow up to 90% of the FD amount in case of emergencies.
Fixed Deposit Interest Rates in Nepal (2024)
The following is a correlation of interest rates presented by a portion of the main banks in Nepal:
| Bank Name | Interest Rate (Annual) | Tenure Range | Special Schemes |
| Nepal Investment Mega Bank | 7% – 11% | 3 months to 5 years | Senior citizens, women |
| Rastriya Banijya Bank | 8% – 12% | 6 months to 10 years | Government-backed schemes |
| Nabil Bank | 7.5% – 10% | 1 year to 5 years | Corporate accounts |
| Prabhu Bank | 8% – 13% | 6 months to 7 years | Minors and senior citizens |
| Global IME Bank | 7% – 12% | 3 months to 5 years | Flexible tenure options |
How to Open a Fixed Deposit Account
Follow these simple steps to open a fixed deposit account in Nepal:
- Choose a Bank: Research banks offering the best FD rates and facilities.
- Prepare Documents: Citizenship certificate, Recent passport-sized photographs, Recent passport-sized photographs, PAN (Permanent Account Number), if applicable.
- Deposit the Amount: Transfer the desired sum into your FD account.
- Receive FD Certificate: This document confirms your deposit, tenure, and interest rate.
Benefits of Fixed Deposits in Nepal
- Risk-Free Investment: FDs are not influenced by market conditions, ensuring steady returns.
- Encourages Financial Discipline: Locked-in funds help maintain savings.
- Loan Against FD: Access instant liquidity without breaking the deposit.
- Attractive Rates for Special Categories: Senior citizens, minors, and women often receive higher rates.
Tips for Maximizing Your FD Returns
- Compare Rates: Shop around for the best rates.
- Opt for Longer Tenures: Higher interest rates are often available for longer durations.
- Utilize Auto-Renewal: Reinvest your deposit to maximize returns.
- Leverage Special Offers: Banks frequently provide limited-time schemes.
Visual Representation of How Fixed Deposits Work
Fixed deposits in Nepal are a popular and secure investment choice among individuals looking for stable returns. Offered by banks and financial institutions, fixed deposits involve locking a specific sum of money for a predetermined period, ranging from a few months to several years. The interest rates on fixed deposits in Nepal are generally higher than those on savings accounts, making them an attractive option for risk-averse investors. To explore more about how fixed deposits work in Nepal, you can navigate to our detailed guide.
For the latest updates on interest rates for fixed deposits in Nepal, you can check current offerings by visiting ovide up-to-date information on competitive rates and terms offered by various banks and institutions in the country. With increasing competition among financial institutions, understanding these rates is crucial for maximizing returns on your investments.
Conclusion
Fixed deposits in Nepal are an excellent way to ensure your savings grow securely. By choosing the right bank and tenure, you can achieve your financial goals with peace of mind. Start investing today and enjoy the benefits of predictable and stable returns.
A Fixed Deposit (FD) account is a type of savings account where you deposit a sum of money for a fixed period at a predetermined interest rate. The deposited amount earns interest over time, which is usually higher than regular savings accounts.
The minimum amount to open a Fixed Deposit account varies by bank, but it is generally around NPR 10,000 to NPR 50,000. Some banks may offer schemes with lower or higher minimum deposit requirements.
Yes, you can withdraw your Fixed Deposit before the maturity date, but it may involve penalties or reduced interest rates. The specific terms depend on the bank’s policy, so it’s advisable to check with your bank beforehand.