Everest Bank Debit Card in Nepal: Rates, Eligibility & How to Apply (Asar 2083)

Here is what to compare on credit cards in Nepal for Asar 2083 (June 2026): the card network, the annual interest rate, the annual fee, and the interest-free grace period.

Credit cards at a glance

Card	Network	Interest (p.a.)	Annual fee	Grace period
Visa Domestic Credit Card	Visa	24.00%	Rs 750	45 days

Market snapshot

Card interest runs from 24.00% to 24.00% a year, averaging 24.00%. On a Rs 1.00 lakh balance carried for a year, that is roughly Rs 24,000 in interest at the average rate — and more with monthly compounding.

How credit card interest, grace and fees work

If you pay your full statement balance by the due date you pay no interest — the grace period covers you. Carry a balance and interest applies from the statement, compounding monthly, so the true annual cost is higher than the headline rate. The annual fee is a flat yearly charge; many banks waive it if you spend above a threshold.

How to choose

Pick the lowest interest rate if you might carry a balance, the lowest annual fee if you always pay in full, and the longest grace period for breathing room. A widely accepted network (Visa/Mastercard) matters for overseas use.

Eligibility in Nepal

Banks typically require a steady income (salary or business), citizenship/KYC documents, and a clean credit history. Limits are set against your income or a fixed-deposit lien.

How we sourced these figures

Every rate on this page is taken from each institution's published rate sheet for the Asar 2083 (June 2026) period and cross-checked against Nepal Rastra Bank (NRB) disclosures. We re-verify the numbers each Nepali month, and the comparison table and the figures quoted in the text are generated from the same dataset — so they always agree. You can explore the live, filterable data on the BFIS Compare comparison page.

Related comparisons

• Effective lending rate calculator
• Best personal loan rates
• Base rates

Rates are revised every Nepali month and can change. Figures are for Asar 2083; always confirm the current number on the BFIS Compare comparison page before you apply.

Understanding the Debit Card at Everest Bank

A debit card from Everest Bank is a payment card tied directly to your deposit account. Unlike a credit card, it does not lend you money; every transaction draws on the balance you already hold. When you withdraw cash from an ATM, tap or swipe at a point-of-sale (POS) terminal, or pay online, the amount is debited from your linked savings or current account, usually in real time. As a licensed commercial bank supervised by Nepal Rastra Bank (NRB), Everest Bank issues cards under strict KYC and payment-security norms, so your card is both a spending tool and a controlled gateway to your funds.

How the card works: ATM, POS and online

Your Everest Bank debit card carries a 16-digit number, an expiry date, and a CVV printed on the reverse. It is a chip-and-PIN card, meaning the embedded chip and your Personal Identification Number authenticate in-person transactions. At NRB-regulated ATMs you can withdraw cash, check balances, and often change your PIN or request a mini-statement. At merchant POS machines you complete purchases by inserting or tapping the card and entering your PIN. For e-commerce, the card supports card-not-present payments verified by a one-time password (OTP) sent to your registered mobile number.

Networks and domestic vs international variants

Debit cards in Nepal typically run on domestic and global networks. A domestic-only card operates on Nepal's national switch and is designed for use inside Nepal at local ATMs and merchants, keeping costs low. An international variant, carrying a global scheme such as a major card network, works both in Nepal and abroad, supports foreign-currency transactions, and is suited to travellers, students overseas, and online shoppers buying from international sites. Everest Bank may set a foreign-exchange usage limit in line with NRB's rules on outward payments, so confirm your available limit before travelling. Cross-border and foreign-currency transactions can attract additional charges and exchange margins.

Fees you should expect

Debit cards are not entirely free. Everest Bank generally levies an annual card fee (charged per year, sometimes waived in the first year), a card-issuance or replacement fee, and a PIN re-issue fee if you forget it. Withdrawing from another bank's ATM usually incurs an interchange charge, and international usage can add currency-conversion costs. These figures are published in Everest Bank's official schedule of charges; always read the current tariff rather than assuming, because fees differ across each commercial bank.

Security: PIN, OTP and safe habits

Two layers protect you: the PIN for physical transactions and the OTP for online payments. Never share either, never write your PIN on the card, and shield the keypad when entering it. Everest Bank will never call or message you asking for your full card number, PIN, OTP, or CVV; any such request is a scam. Enable SMS or app alerts so you see every debit instantly, and set sensible daily withdrawal and purchase limits. If your card is lost, stolen, or compromised, block it immediately through Everest Bank's mobile app, call centre, or branch to stop further use.

Eligibility and documents

To obtain a debit card you must hold a qualifying savings or current account at Everest Bank and complete KYC. Requirements typically include:

• An active Everest Bank account in your name (individual or joint, depending on the card mandate).
• Valid photo identity such as citizenship, national ID, passport, or driving licence.
• A completed KYC form with a recent passport-size photograph.
• A registered mobile number for OTP and transaction alerts.
• Minor accounts generally require a guardian, and international cards may need additional documentation.

Tips to get the best value

Choose the variant that matches your life: a domestic card if you rarely transact abroad, an international card only if you genuinely need cross-border access. Withdraw larger, less frequent amounts from Everest Bank's own ATMs to reduce interchange fees. Register for mobile and internet banking so you can freeze the card, check balances, and dispute unauthorised debits quickly. Note that interest earned on the linked deposit is subject to 5% TDS, so factor that into how much you keep in the account. Finally, review Everest Bank's charge schedule yearly and cancel any card you no longer use to avoid paying its annual fee needlessly.