Miteri Development Bank
Mahendrapath, Dharan, Sunsari, Koshi Province, Nepal ·
Miteri Development Bank Limited is a Nepal Rastra Bank-licensed Class-B development bank headquartered in Dharan, providing deposit, loan and digital banking services primarily across eastern Nepal.
Rates at a glance
Deposit rates
| Product | Type | Tenor | Depositor | Rate p.a. |
|---|---|---|---|---|
| Fixed Deposit | Fixed | 2yr+ | individual | 7.00% |
| Fixed Deposit | Fixed | 1yr–2yr | individual | 6.50% |
| Fixed Deposit | Fixed | 3mo–6mo | individual | 5.00% |
| Fixed Deposit | Fixed | 6mo–9mo | individual | 4.00% |
| Remittance Savings | Remittance | — | individual | 3.75% |
| Fixed Deposit | Fixed | 18mo+ | institutional | 3.25% |
| Normal Savings | Normal Savings | — | individual | 3.00% |
| Fixed Deposit | Fixed | 1yr–18mo | institutional | 2.75% |
Loan rates
| Product | Effective rate | Base | Premium |
|---|---|---|---|
| Housing Loan | — | 5.60% | — |
| Hire Purchase Loan | — | 5.60% | — |
| Personal Loan | — | 5.60% | — |
| Agriculture Loan | — | 5.60% | — |
| Business Loan | — | 5.60% | — |
| Real Estate Loan | — | 5.60% | — |
| Margin / Share Loan | — | 5.60% | — |
| Deprived Sector Loan | — | 5.60% | — |
About Miteri
Miteri Development Bank Limited is a Nepal Rastra Bank-licensed Class-B development bank operating in the eastern region of Nepal, commencing NEPSE operations around 2006 (BS 2063). It operates a network of roughly 18 branches across Jhapa, Morang, Sunsari and Dhankuta districts, with its head office at Mahendrapath, Dharan, Sunsari. The bank offers deposit, lending, remittance and digital-banking services to retail and SME customers, with a focus on semi-urban and rural eastern Nepal. It is listed on the Nepal Stock Exchange under the symbol MDB.
Source: miteribank.com.np
Contact
- Head office
- Mahendrapath, Dharan, Sunsari, Koshi Province, Nepal
- Phone
- 025-531317, 025-533317, 025-536317, 025-538317
- [email protected]
- Website
- https://miteribank.com.np
Products & Services
Deposits
14General Saving A/C
Standard everyday savings account for individuals.
- Minimum balance NPR 1,000
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Miteri Super Saving A/C
Enhanced general savings account.
- Minimum balance NPR 1,000
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Miteri Prime A/C
Featured savings account for individuals.
- Minimum balance NPR 1,000
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Premium Saving A/C
Higher-tier savings account with a better rate.
- Minimum balance NPR 5,000
- Interest 3.50% p.a. on daily balance
- Interest paid quarterly
Money Plus A/C
Premium savings account.
- Minimum balance NPR 1,000
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Gorkha Bachat A/C
Savings account product.
- Minimum balance NPR 1,000
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Chelibeti Bachat A/C
Savings account aimed at women savers.
- Minimum balance NPR 500
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Miteri Kiddy Bank
Children/youth-focused savings account.
- Minimum balance NPR 100
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Social Security A/C
Account for social security / pension recipients.
- Zero minimum balance
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Share Deposit A/C
Account linked to share/investment activity.
- Minimum balance NPR 200
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Staff Saving A/C
Savings account for bank employees.
- Minimum balance NPR 500
- Interest 2.75% p.a. on daily balance
- Interest paid quarterly
Miteri Call A/C
Flexible call deposit account.
- Zero minimum balance
- Interest up to 0-1.37% p.a. on daily balance
- Interest paid quarterly
Individual Fixed Deposit
Term deposit for personal customers with tiered rates by tenure.
- 6-18 months: 3.50% p.a.
- Above 18-36 months: 4.00% p.a.
- Above 36 months: 4.70% p.a.
Corporate Fixed Deposit
Term deposit for business/corporate customers.
- 1 year-18 months: 2.75% p.a.
- Above 18 months: 3.25% p.a.
Loans
13Business Loan
Financing for business ventures and working capital.
- Interest: Base Rate plus up to 4%
Agriculture Loan
Financing for agricultural activities and enterprises.
- Interest: Base Rate plus up to 4%
Personal Loan
Individual-purpose lending product.
- Interest: Base Rate plus up to 4%
Real Estate Loan
Financing for real estate purchase/development.
- Interest: Base Rate plus up to 4%
Housing Loan
Residential property/home financing.
- Interest: Base Rate plus up to 4%
Hire Purchase Loan
Financing for vehicles and equipment/assets.
- Interest: Base Rate plus up to 4%
Education Loan
Financing for students' education expenses.
- Interest: Base Rate plus up to 4%
Professional Loan
Loan for professionals / professional services.
- Interest: Base Rate plus up to 4%
Margin Lending
Securities-backed loan against shares.
- Interest: Base Rate plus up to 4%
Deprived Sector Loan (Retail)
Retail lending to deprived/priority sectors.
- Interest: Base Rate plus up to 2%
Deprived Sector Loan (Wholesale)
Wholesale lending to deprived/priority sectors.
- Interest: Base Rate plus up to 2%
Miteri Sajilo Karja
Simplified/easy retail loan product.
- Interest: Base Rate plus up to 5%
Loan Against FD
Loan secured against a fixed deposit held at the bank.
- Rate based on the underlying fixed deposit rate
Digital & e-services
3MiteriSmart Mobile Banking
Smartphone banking app (Android & iOS) for transactions without visiting a branch.
- Balance inquiry & mini statement (last 5)
- Fund transfer between Miteri accounts
- Mobile topup: NTC, Ncell, Smartcell, UTL
- Utility bills: NEA electricity, internet, TV
- Wallet load: eSewa, Khalti, IME Pay
- SMS alerts on debit/credit
- Cheque book request & stop cheque
Any Branch Banking System (ABBS)
Lets customers transact at any networked branch, not just their home branch.
- Cash withdrawal at any branch
- Cash deposit at any branch
- Fund transfer across branches
- Local cheque deposit at remote branch
- Stop payment request at any branch
ECC & IPS
NCHL electronic cheque clearing and interbank payment system services.
- ECC: image-based MICR cheque clearing
- IPS: interbank fund transfer
- Direct credit and direct debit support
- Secure electronic processing
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.