Interest Rate on Fixed (Term) Deposits Offered by Commercial Banks Falls

April 14, 2024 | Investopaper

Fixed or term deposits are financial instruments offered by banks and other financial institutions that allow individuals and businesses to deposit a sum of money for a predetermined period of time at a fixed interest rate. Fixed deposits have long been a favored investment avenue for individuals and institutions alike, offering a secure and predictable way to grow savings.

As fixed deposits are one of the cornerstone of financial planning, the variation in interest rates among commercial banks allows investors to tailor their choices to match their risk appetite, investment horizon, and growth expectations.

Here, we have presented the interest rate on fixed (term deposits) offered by the 20 commercial banks operating in Nepal. The rates are effective from Baisakh 1, 2081 BS.

Interest Rate On Fixed (Term) Deposits Offered By Commercial Banks

Fixed Deposit Interest Rate (In %)

Baisakh, 2081 BS Chaitra, 2080 BS
Rank Commercial Banks Individual Institution Individual Institution
1 NMB Bank 7.97 6.97 7 6
2 NIC Asia Bank 7.75 6.7 8.55 7.55
3 Citizens Bank 7.5 6.15 7.75 6.15
4 Himalayan Bank 7.5 6 7.5 6
5 Kumari Bank 7.26 6.26 7.51 6.51
6 Machhapuchchhre Bank 7.25 5.5 7.75 6
7 Siddhartha Bank 7.25 6 7.5 6.5
8 Nabil Bank 7.25 6.25 7.25 6.25
9 Prime Commercial Bank 7.1 5.53 7.25 6.25
10 Sanima Bank 7.1 6.1 7.25 6.25
11 Global IME Bank 7 6 7.6 6.6
12 Laxmi Sunrise Bank 7 6 7.5 6.5
13 Prabhu Bank 7 6.5 7.5 6.5
14 Nepal Investment Mega Bank 7 6 7 6
15 Standard Chartered Bank Nepal 7 5.25 7 5.25
16 Everest Bank 7 6 6.5 5.5
17 Nepal Bank 6.75 4.75 7 5
18 Rastriya Banijya Bank 6.55 5.35 7 5.35
19 Nepal SBI Bank 6.53 5.53 7.01 6.01
20 Agricultural Development Bank 5.66 4.01 5.66 4.01
Average 7.07 5.84 7.25 6.01

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