Mahalaxmi Bikas Bank
2nd Floor, Annapurna Arcade II, Durbarmarg, Kathmandu, Nepal ·
Mahalaxmi Bikas Bank is an NRB-licensed Class-B national-level development bank headquartered in Durbarmarg, Kathmandu, offering deposit, lending and digital banking services across Nepal.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 5yr+ | individual | 4.95% |
| Fixed Deposit | Fixed | 5yr+ | institutional | 4.80% |
| Fixed Deposit | Fixed | 3yr–5yr | individual | 4.00% |
| Remittance Savings | Remittance | — | individual | 3.80% |
| Fixed Deposit | Fixed | 3yr–5yr | institutional | 3.50% |
| Fixed Deposit | Fixed | 2yr–3yr | individual | 3.50% |
| Fixed Deposit | Fixed | 2yr–3yr | institutional | 3.00% |
| Fixed Deposit | Fixed | 1yr–2yr | individual | 3.00% |
| Normal Savings | Normal Savings | — | individual | 2.75% |
| Fixed Deposit | Fixed | 1yr–2yr | institutional | 2.75% |
Loan rates
About Mahalaxmi
Established in B.S. 2052 (1995 A.D.), Mahalaxmi Bikas Bank has served Nepal for over three decades and was the first national development bank to meet Nepal Rastra Bank's required capital standards as a 'B' class National Level Bank. Headquartered at Annapurna Arcade II, Durbarmarg, Kathmandu, the bank serves more than 800,000 customers through a network of 103 branches and 33 ATMs across the country. It emphasizes modern, accessible and customer-friendly banking with a focus on digital innovation, ethical operations and strong governance, and has earned recognitions including ISO certification and financial reporting excellence awards. Its motto is "Service with Smile."
Source: www.mahalaxmibank.com
Contact
- Head office
- 2nd Floor, Annapurna Arcade II, Durbarmarg, Kathmandu, Nepal
- Phone
- 01-5368719
- [email protected]
- Website
- https://mahalaxmibank.com
Products & Services
Deposits
10Mahalaxmi Normal Saving Account
An entry-level savings account with a very low minimum balance for everyday savers.
- Minimum balance NPR 51
- Interest paid quarterly
- Free account statement on request
- Open to all account holders
Mahalaxmi Premium Bachat Khata
A premium savings product for depositors of all ages with attractive returns.
- Minimum balance NPR 100
- Interest paid quarterly
- Quarterly compounding of interest
- Open to all age groups
Baal Bachat Recurring Deposit Account
A recurring-deposit savings scheme for children under 18 to build disciplined savings.
- Minimum balance NPR 500
- Installment min NPR 500, in multiples of 500
- Tenure 1 to 10 years
- Monthly or quarterly installments
- No penalty for missed installments
- Interest aligned with 1-year FD rate
- Managed by parent/guardian until child turns 18
Fixed Term Deposit Account
A lump-sum deposit locked for a fixed period at a fixed interest rate.
- Tenure 1 to 10 years
- Interest paid quarterly
- Loan facility up to 90% of deposit
- Rate fixed for whole period
Mahalaxmi Jestha Nagarik Bachat Khata
A savings account designed for senior citizens with privileged service.
- Minimum balance NPR 100
- Interest paid quarterly
- Dedicated special counter service
- For senior citizens
Mahalaxmi Karmachari Bachat Khata
A salary account for corporate institutions to manage employee payroll.
- Minimum balance NPR 100
- Interest paid quarterly
- Free VISA debit card first year
- 50% discount on mobile banking registration
- For corporate salary employees
Mahalaxmi Grihalaxmi Bachat Khata
A premium savings account for depositors of all ages with bundled free services.
- Minimum balance NPR 100
- Interest paid quarterly
- Free VISA debit card first year
- Free mobile banking first year
Mahalaxmi Student Saving Account
A savings account encouraging saving habits among students.
- Minimum balance NPR 100
- Interest paid quarterly
- Free VISA debit card first year
- Free mobile banking first year
Mahalaxmi Remittance Bachat Khata
A savings account promoting remittance inflows through banking channels.
- Minimum balance NPR 100
- Additional 1% bonus on standard interest
- Interest paid quarterly
- For individuals working abroad
Mahalaxmi Dollar Saving Account
A USD-denominated savings account for individuals with dollar transactions.
- Currency USD
- Minimum balance NPR 0
- Interest paid quarterly
- For individuals
Loans
8Mahalaxmi Home Loan
A home loan for purchase, construction, extension or renovation of a home.
- Loan NPR 5 lakh to 2 crore
- Tenure 2 to 30 years
- Eligibility age 22-65 years
- For salaried, self-employed, business, remittance holders
- Nepali nationals
Mahalaxmi Green Home Loan
A concessional home loan for building homes using sustainable/renewable energy systems.
- Loan NPR 7 lakh to 3 crore
- Up to 70% of fair market value
- Interest 6.99% fixed for 7 years
- Tenure 2 to 30 years
- Requires solar/wind/water/bio energy features
Mahalaxmi Sawari Karja (Private, Commercial & EV)
A vehicle loan covering private, commercial and electric vehicles plus refinancing.
- Loan NPR 5 lakh to 3 crore
- Private auto up to 50% financing
- Commercial & EV up to 80% financing
- Private auto tenure up to 8 years
- Commercial/EV tenure up to 5 years
- Eligibility age 20-70 years
- Nepali nationals
Mahalaxmi Home Equity Loan
A loan against property for personal needs like marriage, education or treatment.
- Loan NPR 5 lakh to 3 crore
- Tenure 2 to 15 years
- Eligibility age 22-70 years
- Property collateral required
- For salaried, self-employed, business, remittance holders
Education Loan
A loan for students pursuing higher education in Nepal or abroad.
- Tenure up to 15 years
- Eligibility age 22-70 years
- Covers tuition, transport, stationery
- Nepali nationals
- For salaried, self-employed, business, remittance holders
Mahalaxmi Byawasaayik Karja
A business loan to promote micro-enterprises and income-generating activities.
- Loan from NPR 5 lakh up to obligor limit
- Up to 80% of fair market value of collateral
- Term loan up to 15 years
- Overdraft/working capital up to 1 year renewable
- Funded and non-funded facilities
Cards
3Visa Credit Card
A domestic Visa credit card usable in Nepal, India and Bhutan.
- EMV chip-based security
- Usable at ATM, POS and online
- Cash advance facility
- SMS and email transaction alerts
- Eligibility 18+ with income source
- Joining fee NPR 750
- Annual fee NPR 750
Mahalaxmi USD Ecommerce Card
A USD card for international online/e-commerce payments.
- Currency USD
- Limit USD 500 per transaction
- Valid 1 year from activation
- Online payments only
- Requires valid PAN and updated KYC
Dollar Travel Card
A prepaid USD travel card for global ATM, POS and online use.
- Contactless Tap & Pay
- EMV chip security
- Valid 5 years
- Cash withdrawal USD 2,500 per transaction
- Monthly POS limit USD 5,000
- Remaining balance refundable
- 24/7 blocking if lost
Digital & e-services
5Mahalaxmi Smart Banking
A mobile banking app offering 24/7 banking via app or SMS keywords.
- Check balance and mini statement
- Fund transfer between own accounts
- Transfer to any bank account
- Pay NTC landline/mobile bills
- NTC prepaid recharge
- Merchant payments with cashback
Mahalaxmi Internet Banking
An internet-based service for online banking transactions.
- Balance inquiry
- Statement access
- Same-bank fund transfer
- Wallet load
Mahalaxmi QR Merchant Payment
A contactless QR-code payment service for merchants without POS machines.
- No POS machine needed
- Instant fund transfer to merchant
- Low service charges
- Online payment tracking
- Direct bank account deposit
Mahalaxmi Online Fixed Deposit
A digital service to open and renew fixed deposits from home.
- Online FD opening
- Online FD renewal
- Via Mahalaxmi Smart app
- Home-based access
DEMAT Account
An account to hold shares and securities in electronic form.
- Holds securities electronically
- Eliminates physical certificate risk
- Immediate transfer and settlement
- Direct IPO share allotment
- Easy portfolio management
Remittance
1Remittance Service
Inbound and domestic money transfer service through multiple remittance networks.
- 29+ remittance partners (IME, Western Union, GME, Prabhu etc.)
- Payout at all bank branches
- Dedicated Remittance Business Unit
- International and domestic transfers
Digital & e-services
Deposit and loan rates effective Asar 2083, aggregated from the bank's published disclosures; card figures are indicative. Confirm with the bank before applying.