Which bank is best for fixed deposits in Nepal?

Do you know that banks offer higher interest rates on Fixed Deposit than on saving and current accounts? In addition, a Fixed deposit is suitable for everyone, including senior citizens, pension holders, and retired people who do not need money immediately. Talking about Nepali banks, they do offer a great interest rate; however, the amount of deposit may be different as per customer segment. In this blog, we will cover fixed deposits and the best bank that offers fixed deposits in Nepal.

Fixed deposit account in Nepal: General overview

Nepalese people always look for ways to save money and invest it in profit-yielding activities. In this context, the Fixed deposit account is a prominent one. Fixed Deposit orelse called FD entitles any individual investors to fixed interest payment and assures the normal or X times growth on the deposited amount after its maturity period. You can just look online and check for the bank that best serves you the fixed deposit with lucrative interest.

Present Scenario of Fixed Deposit rates in Nepal

The question “Why does even the interest rate of  Fixed Deposit matter?” is surely something you have in your mind. Well, a fixed deposit account’s interest rates have several direct and indirect impacts on a country’s economy. To be precise, when banks raise their Fixed Deposit interest rates, the low-risk investors choose to save their money in banks’ Fixed Deposits rather than invest in the stock market. According to sources, most commercial banks keep the same interest rate as Asar in the month of Shrawan, 2079. But the fixed deposit rate is not fixed; however, the average interest rate is 7% to 11% interest by banks and financial institutions in Nepal. 

Best bank for fixed deposits in Nepal

There are many factors to consider before selecting the perfect fixed deposit for your investment. Among them, the primary one is “selecting the perfect bank.” You must look into the ideal fixed deposit scheme, which can help meet your financial goals. You can definitely search for the immense benefits of an Fixed Deposit account in Nepal as well as be vigilant to find the best Fixed Deposit rates in Nepal.

Just to remind you that:

• Banks have their segment of customers for Fixed Deposits.
• The interest rate is at a maximum of 11.03%.
•  The tenure can be a minimum of 3 months and a maximum of 10 years.

Among various banks in Nepal, NIC ASIA Bank is a leading name among commercial banks of Nepal, which offers the best Fixed Deposit rate in Nepal i.e 11.03%.

Why choose Sarbashrestha Muddati Khata?

As the best bank in Nepal, NIC ASIA Bank offers premium banking products and among them the Fixed Deposit Accounts are the most lucrative ones. Adding to this, Sarbashrestha Muddati Khata is a NIC ASIA Bank benefits-loaded fixed deposit account that secures a large sum of money for the long term while providing account-holders with lucrative interest. Our Muddati Khata is available for Goodwill Ambassador, Pride of NIC ASIA Bank, and Partners of NIC ASIA Bank with 11.0% of interest.

To create your Fixed Deposit Account, you can Apply Here. In case of any confusion, you can contact us.