Which Commercial Bank Has the Lowest Fixed Deposit Rate in Nepal? (2026)

The best fixed deposit rate in Nepal for Asar 2083 (June 2026) is NIMB at 5.25% p.a., followed by ADBL at 5.15%. Across 20 banks the average top rate is 4.41% and the spread is 1.34 points. This guide ranks every bank and shows what your money actually earns after tax.

Best fixed deposit rates — full ranking of all 20 banks

Highest first, for Asar 2083.

Rank	Bank	Best fixed deposit rate	Qualifying tenure
1	NIMB	5.25%	24+ months
2	ADBL	5.15%	48+ months
3	Prime	5.00%	24+ months
4	Sanima	4.75%	24+ months
5	RBB	4.75%	60+ months
6	NMB	4.75%	60+ months
7	Prabhu	4.55%	120+ months
8	Nabil	4.55%	120+ months
9	MBL	4.50%	36+ months
10	Global IME	4.50%	36+ months
11	Nepal Bank	4.25%	60+ months
12	Nepal SBI	4.10%	36+ months
13	Everest	4.05%	60+ months
14	Siddhartha	4.05%	25+ months
15	Citizens	4.05%	24+ months
16	NIC Asia	4.00%	60+ months
17	Himalayan	4.00%	60–120 months
18	Laxmi Sunrise	4.00%	60+ months
19	SCB	3.95%	60+ months
20	Kumari	3.91%	24+ months

Market snapshot

The 20 banks offer top fixed deposit rates from 3.91% to 5.25%, averaging 4.41% (median 4.38%). 10 banks beat the average. On a large deposit the 1.34-point gap between best and worst is real money, which is why it pays to compare before you lock in.

What you actually earn — worked example

At NIMB's 5.25% (compounded quarterly over 24 months), here is the gross and post-tax return on three common deposit sizes. Fixed-deposit interest in Nepal is taxed at 5% TDS for individuals, withheld by the bank.

Deposit	Gross interest (5.25%)	5% TDS	Net interest	Maturity value
Rs 1.00 lakh	Rs 10,995	Rs 550	Rs 10,445	Rs 110,445
Rs 5.00 lakh	Rs 54,976	Rs 2,749	Rs 52,227	Rs 552,227
Rs 10.00 lakh	Rs 109,952	Rs 5,498	Rs 104,455	Rs 1,104,455

Rates by tenure

Longer tenures usually pay more. A sample across the market:

Tenure	Indicative rate	Example bank
3–6 months	3.50%	NIMB
3–11 months	3.00%	Siddhartha
3–12 months	2.85%	ADBL
3–3 months	2.80%	Himalayan
3–24 months	2.75%	Everest
6–12 months	4.25%	NIMB
6–6 months	2.80%	Himalayan
6–60 months	2.75%	SCB
9–9 months	2.90%	Himalayan
12–24 months	4.75%	NIMB

How fixed deposits work in Nepal

A fixed deposit (मुद्दती निक्षेप) locks your money for a set tenure at a guaranteed rate. Interest is typically compounded quarterly and paid at maturity. Withdrawing early forfeits part of the interest, and interest is taxed at 5% TDS. Senior citizens usually get a margin (often 0.25–1%) over the published rate — confirm the current figure with the branch.

Every bank, grouped by rate

• Most competitive: NIMB (5.25%), ADBL (5.15%), Prime (5.00%), Sanima (4.75%), RBB (4.75%)
• Upper tier: NMB (4.75%), Prabhu (4.55%), Nabil (4.55%), MBL (4.50%), Global IME (4.50%)
• Lower tier: Nepal Bank (4.25%), Nepal SBI (4.10%), Everest (4.05%), Siddhartha (4.05%), Citizens (4.05%)
• Least competitive: NIC Asia (4.00%), Himalayan (4.00%), Laxmi Sunrise (4.00%), SCB (3.95%), Kumari (3.91%)

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

• Base rates of all banks
• Best home loan rates
• FD maturity calculator

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.

Fixed Deposit (मुद्दती निक्षेप) at Nepal's commercial banks: A Complete Guide

A fixed deposit (FD), known in Nepali as मुद्दती निक्षेप, is one of the simplest and safest ways to grow idle savings at Nepal's commercial banks. You lock a lump sum of money for a fixed tenure at a pre-agreed interest rate, and Nepal's commercial banks pays you interest for keeping that money with it. Because the rate is fixed for the full term, an FD shields you from the ups and downs that affect savings accounts, making it a favourite of conservative savers across Nepal.

How fixed deposits work in Nepal

When you open an FD with Nepal's commercial banks, you agree on a principal amount and a tenure that can range from a few weeks to several years. Interest in Nepal is typically calculated on the principal and compounded quarterly (every three months), which means each quarter's interest is added to the base on which the next quarter is calculated. This quarterly compounding lets your return grow slightly faster than simple interest. As a commercial bank licensed by Nepal Rastra Bank (NRB), Nepal's commercial banks must follow NRB rules on deposit products, interest publication, and depositor protection, so your money sits within a regulated framework.

You can usually choose to receive interest periodically (monthly or quarterly payouts to your linked account) or to let it accumulate and be paid with the principal at maturity. On the maturity date, you can withdraw the full amount or opt for auto-renewal, where Nepal's commercial banks automatically re-books the deposit for the same tenure at the prevailing rate so your money never sits idle.

Premature withdrawal, loan against FD, and senior-citizen margin

If you break an FD before maturity, Nepal's commercial banks applies a premature withdrawal penalty and generally pays interest at a reduced rate for the period the money actually stayed. This is why an FD suits money you genuinely will not need soon. A smarter alternative when you face a short-term cash crunch is a loan against your FD (overdraft or fixed loan): you pledge the deposit as collateral and borrow against it, so your FD keeps earning interest and continues undisturbed while you meet the emergency. Many banks also offer an extra senior-citizen margin, a small additional interest benefit for depositors above a defined age, so eligible savers should always ask Nepal's commercial banks whether they qualify.

Eligibility & documents

Opening an FD at Nepal's commercial banks follows standard KYC (Know Your Customer) norms set by NRB. Individuals, joint holders, minors (through a guardian), firms, and institutions are typically eligible. You will usually need:

• A completed FD/account opening form and KYC form
• Citizenship certificate, national ID, or passport (photo ID)
• Recent passport-size photographs
• A linked savings/current account at Nepal's commercial banks for interest credit and maturity proceeds
• PAN, firm registration, or tax documents for business and institutional deposits
• Proof of the source of funds for larger amounts, in line with anti-money-laundering rules

Tax: 5% TDS on FD interest

Interest earned on fixed and savings deposits by individuals in Nepal is subject to 5% Tax Deducted at Source (TDS). Nepal's commercial banks deducts this TDS at the point interest is paid and deposits it with the tax authorities, so the amount that reaches your account is already net of tax. When you compare returns, always think in after-tax terms rather than the headline rate, and keep the TDS certificate Nepal's commercial banks issues for your records.

How to get the best deal from your FD

A few practical habits help you earn more without taking on risk:

• Ladder your deposits. Instead of locking one large sum for a single tenure, split it into several FDs maturing at different times. This laddering strategy gives you periodic access to cash and lets you re-book maturing amounts at fresh rates.
• Match the tenure to your goal. Choose a term that ends near when you will actually need the money, so you avoid premature-withdrawal penalties.
• Confirm the senior-citizen margin and any relationship or bulk-deposit benefits before you sign.
• Decide on interest payout vs. cumulative up front, based on whether you need regular income or maximum compounding.
• Review auto-renewal terms so a deposit does not silently roll over into a tenure that no longer fits your plans.

For savers in Nepal who value certainty over chasing higher-risk returns, a well-planned FD at Nepal's commercial banks is a dependable cornerstone of a healthy financial plan.