Which Bank Is Best For Fixed Deposit In Nepal?

Fixed deposits (FDs) are a popular investment option in Nepal, as they offer a guaranteed return over a fixed period of time. FDs are also relatively low-risk, making them a good option for investors of all risk appetites.

When choosing a best bank for fixed deposit in Nepal, there are a few factors to consider, such as interest rates, fees, and the bank's financial stability. This blog post will compare some of the best banks for fixed deposits in Nepal, based on these factors.

Top Banks for Fixed Deposits in Nepal

Here is a list of the top banks for fixed deposits in Nepal, based on interest rates, fees, and financial stability:

• Everest Bank Limited
• Nepal SBI Bank Limited
• Standard Chartered Bank Nepal Limited
• Himalayan Bank Limited
• Corporate Development Bank Limited
• Gurkhas Finance Limited
• Goodwill Finance Company Limited
• Nepal Finance Company Limited
• Corporate Development Bank Limited
• Gurkhas Finance Limited
• Goodwill Finance Company Limited
• Nepal Finance Company Limited

Interest Rates

Interest rates on FDs vary depending on the bank and the tenor of the deposit. Generally speaking, longer-term deposits offer higher interest rates. However, it is important to compare interest rates across different banks before choosing one.

Here is a table comparing the interest rates offered by the top banks for fixed deposits in Nepal:

Bank	Interest Rate (p.a.) for 6 months to 1 year	Interest Rate (p.a.) for 1 year to 2 years	Interest Rate (p.a.) for 2 years and above
Everest Bank Limited	11.03%	11.53%	12.03%
Nepal SBI Bank Limited	10.70%	11.20%	11.70%
Standard Chartered Bank	10.50%	11.00%	11.50%
Himalayan Bank Limited	10.20%	10.70%	11.75%
Corporate Development Bank Limited	10.75%	11.25%	11.75%
Gurkhas Finance Limited	10.75%	11.25%	11.75%
Goodwill Finance Company Limited	10.75%	11.25%	11.75%
Nepal Finance Company Limited	10.75%	11.25%	11.75%

Fees

Most banks charge a fee for opening and maintaining an FD account. The fee varies depending on the bank and the amount of the deposit. However, some banks in Nepal offer discounts on FD fees for senior citizens and customers with other banking relationships with the bank.

Financial Stability

It is important to choose a bank with a good financial record. This will help to ensure that your deposit is safe and that you will receive your interest payments on time.

All of the banks listed above are well-established and have a good financial record. They are also all members of the Deposit Guarantee Scheme (DGS), which guarantees deposits up to Rs. 500,000 per depositor per bank.

Tips For Choosing Best Bank For Fixed Deposit In Nepal

• Consider your investment goals and risk appetite. What are you hoping to achieve with your investment? How much risk are you comfortable with?
• Compare interest rates across different banks. Keep in mind that longer-term deposits typically offer higher interest rates.
• Ask about fees. How much will it cost to open and maintain an FD account? Are there any discounts available?
• Choose a bank with a good financial record. Make sure the bank is a member of the DGS.
• Read the fine print before signing any documents. Make sure you understand the terms and conditions of the FD account.
  
  

Also Read: Which Country Is Best For Working Visa From Nepal

Conclusion

When choosing a bank for fixed deposit in Nepal, it is important to compare interest rates, fees, and the bank's financial stability. The banks listed above are all good options for fixed deposits in Nepal. However, it is important to do your own research and choose the bank that is right for you