What is the average FD rate in Nepal in 2083?

The average 1-year FD rate across commercial banks in Nepal is approximately 3.0-3.5% as of Jestha 2083. Rates range from 2.75% (NMB Bank) to 4.5% (Laxmi Sunrise Bank).

Are FD rates in Nepal going up or down in 2083?

FD rates in Nepal have been declining through 2082-2083 due to excess banking liquidity. The NRB policy rate stands at 5.75%, and most banks have reduced FD rates to the 3-5% range compared to 7-9% seen in 2081.

How much interest will I earn on NPR 10 lakh FD for 1 year?

At the current best rate of 4.5% (Laxmi Sunrise Bank), a 1-year FD of NPR 10,00,000 would earn approximately NPR 45,000 in interest before tax. After 5% TDS, your net earning would be NPR 42,750.

Best Fixed Deposit (FD) Rates in Nepal — Jestha 2083 (May 2026)

Q: Which bank gives the highest FD rate in Nepal in 2083?

As of Jestha 2083, Laxmi Sunrise Bank offers the highest 1-year FD rate at 4.5% among commercial banks. For 2-year FD, Laxmi Sunrise also leads at 5.0%.

By Byajdar Research Updated: Jestha 30, 2083 Source: Bank websites + NRB Read time: 6 min

Quick Summary

Laxmi Sunrise Bank leads with 4.5% on 1-year FD
Global IME offers 4.25% on 2-year FD
FD rates have dropped significantly from 7-9% in 2081 to 3-5% in 2083
NRB policy rate at 5.75% — banks have excess liquidity
Best strategy: lock in longer tenure (2-3 years) while rates are still above 4%

Fixed deposits remain one of the safest investment options in Nepal. But with rates changing frequently based on NRB monetary policy and banking liquidity, finding the best FD rate requires constant monitoring. We track rates from 8 commercial banks daily and update this comparison automatically.

As of Jestha 2083, FD rates across Nepal commercial banks range from 2.75% to 5.0% depending on the bank and tenure. This is a significant drop from the 7-9% rates seen in 2081, driven by excess liquidity in the banking system.

New to fixed deposits? Read our complete guide to fixed deposit interest rates in Nepal — how FD interest is calculated, tax (TDS), senior-citizen rates, and the full bank-by-bank comparison.

Best 1-Year FD Rates — Jestha 2083

The 1-year fixed deposit is the most popular tenure among Nepali investors. Here is how commercial banks compare right now:

Bank	1-Year FD Rate	Min. Deposit
Laxmi Sunrise Bank BEST	4.50%	NPR 10,000
Global IME Bank	3.25%	NPR 10,000
Siddhartha Bank	3.00%	NPR 10,000
Nepal Bank Limited	2.76%	NPR 1,000
NMB Bank	2.75%	NPR 10,000

Data updated daily from bank websites. View live comparison →

Best 2-Year FD Rates

For those willing to lock their money for longer, 2-year FDs offer better returns. This is currently the sweet spot for yield:

Bank	2-Year FD Rate
Laxmi Sunrise Bank BEST	5.00%
Nepal Bank Limited	4.30%
Global IME Bank	4.25%
Siddhartha Bank	4.05%
NMB Bank	2.75%
NIC Asia Bank	2.75%
Everest Bank	2.75%

How Much Will You Earn? — FD Calculator

Here is what a deposit of NPR 10,00,000 (10 lakh) would earn at the current best rate:

NPR 10,00,000 at 4.5% (Laxmi Sunrise, 1 Year)

PrincipalNPR 10,00,000

Interest Rate4.50% p.a.

Gross InterestNPR 45,000

TDS (5%)- NPR 2,250

Net InterestNPR 42,750

Maturity AmountNPR 10,42,750

Want to calculate with your own amount?

Try our FD calculator with rates from all banks

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Why Are FD Rates Falling in Nepal?

FD rates in Nepal have been on a downward trend since late 2081. Several factors are driving this decline:

Excess liquidity: Banks have more deposits than they can lend out. When banks have too much cash, they reduce deposit rates because they do not need to attract more deposits.

NRB monetary policy: The Nepal Rastra Bank has maintained its policy rate at 5.75% and bank rate at 7.00%. While this has not changed recently, the overall liquidity situation has pushed banks to lower rates independently.

Slow credit growth: Demand for loans (especially real estate and construction) has slowed, meaning banks are earning less on their lending portfolio and cannot afford to pay high deposit rates.

FD Rate Comparison by Tenure

Here is how rates compare across different tenures:

Bank	3 Months	6 Months	1 Year	2 Years
Laxmi Sunrise TOP	4.00%	4.00%	4.50%	5.00%
Global IME	2.85%	3.00%	3.25%	4.25%
Nepal Bank	3.00%	3.00%	2.76%	4.30%
Siddhartha	-	-	3.00%	4.05%
NMB Bank	2.75%	-	2.75%	2.75%
NIC Asia	2.75%	2.75%	-	2.75%
Everest Bank	2.75%	2.75%	-	2.75%

Tips for Getting the Best FD Rate

1. Compare before you deposit

The difference between the best and worst FD rate is nearly 2%. On a NPR 10 lakh deposit, that is NPR 20,000 per year. Always compare using Byajdar FD comparison before choosing a bank.

2. Consider longer tenures

2-year FDs currently offer 0.5-1.0% more than 1-year FDs. If you do not need the money soon, the extra yield adds up significantly over time.

3. Check for special schemes

Some banks offer higher rates for senior citizens (typically 0.5-1.0% extra), NRN remittance deposits, and institutional deposits. Ask your bank about these.

4. Ladder your deposits

Instead of putting all your money in one FD, split it across multiple tenures (3 months, 6 months, 1 year, 2 years). This gives you liquidity while capturing higher long-term rates.

Frequently Asked Questions

Which bank gives the highest FD rate in Nepal in 2083?

Laxmi Sunrise Bank offers the highest 1-year FD rate at 4.5% among commercial banks as of Jestha 2083. For 2-year FD, Laxmi Sunrise also leads at 5.0%. Among development banks and finance companies, rates may be slightly higher but carry more risk.

What is the average FD rate in Nepal right now?

The average 1-year FD rate across commercial banks is approximately 3.0-3.5% as of Jestha 2083. This is significantly lower than the 7-9% rates seen in 2081-2082 due to excess banking liquidity.

How much interest will I earn on NPR 10 lakh FD?

At the best current rate of 4.5% (Laxmi Sunrise Bank), a 1-year FD of NPR 10,00,000 earns NPR 45,000 gross. After 5% TDS, your net earning is NPR 42,750. Use our FD calculator for exact amounts.

Is FD interest taxable in Nepal?

Yes, banks deduct 5% TDS (Tax Deducted at Source) on FD interest. For individual depositors, this is the final tax. No additional income tax filing is required for FD interest.

Can I break my FD before maturity?

Yes, most Nepal banks allow premature FD withdrawal with a penalty. Typically, you receive 1-2% lower than the contracted rate, and must have held the FD for at least 7 days.

Are FD rates expected to go up in 2083?

Rates are unlikely to increase significantly in the near term. The NRB policy rate remains at 5.75%, and banking liquidity is high. However, if credit demand picks up during the construction season or if NRB tightens policy, rates could stabilize or rise slightly.

Compare All FD Rates Live

Updated daily from 8 commercial banks. Sort by rate, tenure, or bank.

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Disclaimer: Rates shown are sourced from publicly available bank websites and are updated daily. They are indicative and may vary. Always confirm the current rate with your bank before making a deposit. Byajdar is not affiliated with any bank. This article is for informational purposes only and does not constitute financial advice.