Which Finance Company Has the Lowest Remittance Savings Rate in Nepal? (2026)
A 2026 guide to savings accounts in Nepal — rates, minimum balance, tax, and how to choose.
This guide explains Which Finance Company Has the Lowest Remittance Savings Rate in Nepal? (2026) for Asar 2083 (June 2026). Savings rates in Nepal are low and closely bunched, so the smart choice is rarely the headline rate alone — it is the mix of rate, minimum balance, how interest is calculated, and free digital banking.
How savings accounts work in Nepal
A savings account pays interest on your balance — usually computed on the daily or minimum monthly balance and paid quarterly. Banks set a minimum balance; falling below it can forfeit interest or trigger a charge. Interest above the threshold is taxed at 5% TDS, withheld at source.
Normal vs remittance vs fixed deposit
Remittance and salary savings accounts often pay a little more than a normal savings account, while a fixed deposit pays far more if you can lock the money away. For idle cash you may need any day, a flexible savings account wins; for money you won't touch for a year, an FD is better.
How to choose
Look beyond the rate: the minimum balance, whether interest is on the daily or minimum balance, free mobile/ internet banking and card issuance, ATM access, and any salary- or remittance-linked perks. A higher rate with a high minimum balance can be worse for everyday use than a flexible account.
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
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.
Recurring Deposit, Call Deposit and Remittance Savings at Nepal's finance companys
Beyond the familiar fixed deposit, Nepal's finance companys offers three other deposit products that many Nepali savers overlook: the recurring deposit, the call deposit, and the remittance savings account. Each is regulated by Nepal Rastra Bank (NRB) and each solves a different money problem. Understanding how they behave, especially how interest and access to your cash differ, helps you park every rupee where it works hardest.
What each product is and who it suits
A recurring deposit (RD) is a disciplined savings plan. You commit to depositing a fixed sum every month for an agreed tenure, and Nepal's finance companys credits interest that is typically closer to fixed-deposit levels than to an ordinary savings rate. It suits salaried people building a lump sum for a specific goal, such as a Dashain expense, school fees, or a down payment, who want the structure of a monthly habit without locking away a single large amount up front.
A call deposit sits between a current account and a fixed deposit. It is aimed at businesses, contractors, tender participants, and institutions that must hold large balances ready to move at short notice, yet still want to earn something on idle funds. Money can usually be withdrawn "on call" without a fixed maturity, so it prioritises liquidity over the higher return of a locked deposit.
A remittance savings account is designed for households that receive money from family members working abroad. Inflows arriving through formal channels are credited directly to the account, and many such products at a finance company like Nepal's finance companys attach small privileges to recipients who keep their remittance in the banking system rather than taking it as cash.
How interest and flexibility differ from a fixed deposit
A fixed deposit rewards you for locking a lump sum for a set term and penalises early withdrawal. The other three products trade some of that reward for flexibility. An RD earns a competitive rate but only on balances that build gradually, and missing an instalment can attract a small charge or reduce the benefit. A call deposit is the most liquid, so its rate is the lowest of the group; you are effectively paying for instant access. A remittance savings account behaves like a savings account for day-to-day access, with any bonus tied to receiving funds formally rather than to locking them in. In every case, interest earned by individuals is subject to 5% TDS, which Nepal's finance companys deducts at source before crediting your account.
Remittance-linked bonuses
To encourage the use of formal channels, a finance company may offer recipients a modest interest premium, waived charges on transfers, free debit cards, priority service, or entry into promotional draws. These benefits reward keeping remittance inside the account rather than withdrawing it as cash, which also builds a transaction history useful for future loans.
Eligibility & documents
All three products follow standard NRB KYC norms. To open one at Nepal's finance companys you will generally need a valid citizenship certificate or passport, a recent passport-size photo, and proof of address. A remittance account may additionally require the sender's details or the migrant worker's employment or foreign-work documents. Call deposits opened by firms need registration papers, PAN, and board or partnership authorisation. Minors' RDs are opened through a guardian.
How to decide between them
Match the product to your cash-flow reality. Choose an RD if you have steady monthly income and a fixed goal; choose a call deposit if you are an organisation holding large sums you cannot afford to lock; choose a remittance savings account if your household depends on inflows from abroad. To get the best deal, compare the effective rate after 5% TDS, confirm any minimum balance and penalty terms in writing, and ask Nepal's finance companys whether combining a remittance account with an RD lets you convert regular inflows into a higher-yielding goal fund. Never rely on informal money couriers; the formal-channel bonuses and legal protection almost always outweigh the apparent convenience.
Frequently asked questions
Is savings account interest taxed in Nepal?+
Yes — 5% TDS on the interest, withheld by the bank.
How is savings interest calculated?+
Usually on the daily or minimum monthly balance, paid quarterly.
Savings or fixed deposit — which is better?+
Savings for money you may need any day; a fixed deposit for money you can lock away, since it pays much more.
What is a minimum balance?+
The lowest balance you must keep to earn interest and avoid charges; it varies by bank and account type.
Where can I compare savings options?+
On the BFIS Compare savings page, updated every Nepali month.
How often are these figures updated?+
Rates are revised every Nepali month. BFIS Compare refreshes them monthly, so always check the live comparison page before you decide.
Written by
Sandeep Kumar ChaudharyFounder of BFIS Compare, writing about Nepal's banks, deposit rates and loans. sandeepkumarchaudhary.com