Best Fixed Deposit (FD) Rates in Nepal — Shrawan 2083
Rates have compressed this cycle. Here are the highest 1-year FD rates across Nepal right now, who is leading, and what it means before you lock in a deposit.
- Highest 1-year FD right now: around 5.50% at Nepal Finance, with several development banks and finance companies at 5.00%.
- Commercial banks are lower this cycle — mostly 3.5–4.5% on 1-year FDs — because the system is flush with liquidity.
- Safety: deposits at NRB-licensed institutions are DCGC-guaranteed up to NPR 5 lakh per institution.
- Rates move often — always confirm on the live FD tracker.
Top 1-Year FD Rates in Nepal — Shrawan 2083
The table below shows the highest published 1-year fixed deposit rates in Nepal as of early Shrawan 2083. Finance companies and development banks currently lead; large commercial banks are paying noticeably less this cycle. For the live, daily-updated ranking across every institution, see the Byajdar FD rate tracker.
| # | Institution | 1-Year FD Rate |
|---|---|---|
| 1 | Nepal Finance Top rate | 5.50% |
| 2 | Salapa Bikas Bank | 5.00% |
| 3 | Corporate Bikas Bank | 5.00% |
| 4 | Multipurpose Finance | 4.75% |
| 5 | Sindhu Bikas Bank | 4.60% |
| 6 | Laxmi Sunrise Bank | 4.00% |
| 7 | Garima Bikas Bank | 4.00% |
| 8 | Reliance Finance | 4.00% |
Why FD rates are lower this cycle
Nepal's banking system is carrying excess liquidity — banks are holding more deposits than they can lend out — so they don't need to compete hard for your money with high FD rates. With Nepal Rastra Bank's policy rate easing and interbank rates low, headline 1-year FD rates have drifted down from the 8–9% seen in earlier years to the 4–5.5% range today.
For savers, the takeaway is simple: the very high-rate window has passed, but an FD still beats an ordinary savings account by a wide margin, and it is effectively risk-free at a DCGC-covered bank.
Commercial bank vs finance company — the trade-off
Finance companies (Class C) and smaller development banks usually post the highest headline rates because they need deposits more urgently. Large commercial banks (Class A) offer lower rates but greater scale and perceived stability. Both are NRB-licensed and DCGC-covered up to NPR 5 lakh per institution — so for amounts under that, the rate is what matters most. For larger sums, splitting across two or three institutions keeps every rupee inside the guarantee.
How to lock in the best rate
- Compare every institution on the live tracker — the gap between top and bottom is often more than a full percentage point.
- Use the 1-year tenure for the best balance of rate and flexibility; check the FD calculator to see your exact maturity after 5% TDS.
- Negotiate on large deposits — banks may add 0.25% for NPR 25 lakh or more.
- Ask about senior-citizen schemes, which typically add up to 1% for those aged 60+.
Tax and safety in one line
FD interest carries a 5% TDS for resident individuals (deducted at source), and deposits are guaranteed up to NPR 5 lakh per institution by the DCGC. See our full guide to fixed deposit interest rates in Nepal for the details.
Frequently asked questions
What is the best FD rate in Nepal in Shrawan 2083?
As of early Shrawan 2083, the highest 1-year fixed deposit rate is around 5.50% (Nepal Finance), with several development banks and finance companies at 5.00%. Large commercial banks are lower this cycle, mostly 3.5–4.5%. Rates change often, so confirm on the Byajdar live FD tracker.
Why are FD rates falling in Nepal?
Nepal's banking system has excess liquidity — banks hold more deposits than lending opportunities — so they do not need to attract deposits with high rates. With NRB's policy rate low, headline FD rates have drifted to the 4–5.5% range.
Is it still worth opening an FD at these rates?
Yes. Even at 5%, a fixed deposit pays far more than a savings account (3–4%) and is effectively risk-free at a DCGC-covered bank up to NPR 5 lakh. Keep three months of expenses liquid in savings and lock the rest in an FD.
How is FD interest taxed in Nepal?
A 5% Tax Deducted at Source (TDS) applies to FD interest for resident individuals, deducted automatically by the bank. On a 5.50% gross rate you receive about 5.23% net.
See live, verified rates: rates change often — check today's numbers on the Byajdar FD rate tracker → or get matched to your best bank with Find My Bank →.