Fixed Deposit Interest Rates in Nepal (October 2026): How to Check Your Own Bank
Fixed deposit rates in Nepal are set bank by bank and change often. Here is how to find your own bank's published rate, read the fine print, and spot the figures worth ignoring.
By the NepalDatabase banking desk. Last updated: 6 October 2026.
Every few weeks someone asks why we don't just put every bank's fixed deposit rate in one table and be done with it. Fair question. The honest answer is that no official body publishes one. Nepal Rastra Bank collects deposit data and prints it in the Banking and Financial Statistics, and commercial banks report their own rates to the regulator, but the number you actually get at the counter is set bank by bank, tenor by tenor, and it changes without much ceremony.
So this page does two jobs. It explains where the real numbers live and how to read them. And it says plainly what could and could not be confirmed for this edition.
How fixed deposit interest rates in Nepal are actually published
Each bank decides its own deposit rates and posts them on its own website, usually on an interest rate page tucked under a Rates or Downloads menu. Banks publish changes on their own schedules, so you will not find one date when everybody moves. Some post a clean table with an effective date; others bury the rate inside a PDF notice that stays up for months.
That is why there is no national list, and why any 'fixed deposit rate by bank Nepal' table you run into online is somebody's collection rather than an official publication. Aggregators go stale fast, and the older ones still show rates from banks that have since merged or been renamed.
Anyone searching for a Nepal bank FD rate October 2026 snapshot runs into the same wall. Two banks can be five days apart in what they are offering, and the page you are reading is not the same as the page the teller is looking at.
What this page covers, and what it leaves out
Scope is Class 'A' commercial banks, because those are the institutions most readers mean when they say 'my bank'. Class 'B' development banks, Class 'C' finance companies, Class 'D' microfinance institutions and savings and credit cooperatives report and price differently, so their rates are not comparable line for line and are left out.
On the per-bank table: we are not running one this cycle. Rather than fill cells from a comparison site or from memory, unconfirmed figures stay off the page. If you came here for FD rates Nepal 2026 in a single grid, that is the reason there isn't one.
How to check your own bank's rate
- Go to the bank's own website. Not a comparison site, not a Facebook post. Look for 'Interest Rates', 'Deposit Rates' or a Rates tab in the footer.
- Find the fixed deposit section and note the tenor. Rates are quoted per tenor: 3 months, 6 months, 1 year, 2 years, 3 years, 5 years and beyond. A 5-year rate tells you nothing about the 1-year rate.
- Check who the rate is for. Banks usually publish separate individual and institutional rates, and they are not the same.
- Confirm cumulative or non-cumulative. Cumulative means interest is compounded and paid at maturity. Non-cumulative means you take interest periodically, and the quoted rate is applied differently.
- Find the effective date on the page or notice. If there isn't one, call the branch and ask when the rate last changed.
- Get the applicable rate in writing when you open the deposit.
Compare fixed deposit rates in Nepal without fooling yourself
A higher headline rate can still leave you worse off. Watch for these: a rate that only applies above a large minimum deposit; a rate advertised for a tenor you don't want; a promotional rate with a short window; and the penalty for taking money out early, which can eat the extra interest you were chasing.
Interest tax on fixed deposit in Nepal: gross and net
Interest earned on a deposit is taxable, and tax is normally deducted at source by the bank. The rate that applies depends on the Finance Act in force for the fiscal year, which for FY 2083/84 is the Act passed alongside this year's budget. We are not printing a percentage here unless we can quote the section and the publication date with it, and this edition cannot. Treat any tax figure you see online that carries no section reference as unverified. Net-of-tax figures are withheld pending the primary text.
Also remember that tax deducted at source is not always the end of it. Depending on your total income, your final position is settled in your annual return, not at the counter.
Premature withdrawal of a fixed deposit in Nepal
Penalties for breaking a deposit early are set bank by bank, so there is no single number to quote. Read two things in your own bank's terms: the penalty rate applied when you withdraw before maturity, and whether the bank pays you the rate for the tenor you actually held or knocks it back to the rate for the shortest slab. Ask for those two lines before you sign, not afterwards.
Terms you will see in the fine print
- Fixed deposit: money placed with a bank for a set period at a set rate.
- Individual vs institutional rate: separate rate sheets for personal depositors and for companies, trusts and other organisations.
- Cumulative vs non-cumulative: interest compounded and paid at maturity, versus paid out periodically.
- TDS vs final income tax: tax withheld by the bank at source, versus your total tax position settled in your annual return under the Act in force that year.
- Premature withdrawal: closing the deposit before maturity, usually at a lower effective rate.
How this page is checked, and what changed
When a rate table runs, every figure carries the bank's own page, the date the bank published it and the date we checked it. Cells that cannot be confirmed are marked not confirmed, never filled from an aggregator. The page URL stays the same from month to month; only the date and the changelog change.
Changelog
October 2026: first edition of this page. Per-bank table withheld pending confirmation of each bank's published rate page.
Deposit rates change often. Your bank may be showing something different on the day you read this, and the only figure that binds is the one on your deposit receipt.
This article is general information, not investment or tax advice. NepalDatabase has no commercial arrangement with any bank, and we do not accept payment for inclusion.
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