NRN Fixed Deposit Accounts in Nepal

What Is an NRN Fixed Deposit?

An NRN fixed deposit is a term deposit held in Nepal by a non-resident Nepali — someone holding foreign citizenship of Nepali origin, or a Nepali citizen living and working abroad. It works like any FD: you lock a sum for a fixed tenure and earn a guaranteed rate. The difference is the account type and the ability to hold and repatriate foreign currency.NRN मुद्दती निक्षेप भनेको गैरआवासीय नेपालीले नेपालमा राखेको अवधि निक्षेप हो — नेपाली मूलको विदेशी नागरिकता भएको वा विदेशमा बस्ने–काम गर्ने नेपाली नागरिक। यो अन्य FD जस्तै काम गर्छ; फरक भनेको खाताको प्रकार र विदेशी मुद्रा राख्न तथा फिर्ता पठाउन सक्ने क्षमता हो।

NPR or Foreign-Currency (USD) FD?

You usually have two choices. An NPR fixed deposit earns the higher local interest rate but carries rupee exchange-rate risk when you convert back. A foreign-currency FD (commonly USD) protects you from rupee depreciation and keeps funds in dollars, but the interest rate is lower. Which is better depends on whether you plan to spend the money in Nepal or abroad.सामान्यतया दुई विकल्प हुन्छन्। NPR मुद्दती निक्षेप ले उच्च स्थानीय ब्याज दिन्छ तर फिर्ता साट्दा रुपैयाँ विनिमय जोखिम हुन्छ। विदेशी मुद्रा FD (प्रायः USD) ले रुपैयाँ अवमूल्यनबाट जोगाउँछ तर ब्याज दर कम हुन्छ। कुन राम्रो भन्ने पैसा नेपालमा खर्चने कि विदेशमा भन्नेमा निर्भर छ।

Eligibility & Documents

• NRN identity proof — foreign passport plus NRN ID card, or Nepali passport with valid foreign visa/work permit.NRN पहिचान प्रमाण — विदेशी राहदानी र NRN परिचयपत्र, वा वैध विदेशी भिसा/कार्य अनुमतिसहित नेपाली राहदानी।
• Source-of-funds — foreign-currency deposits must come from abroad through banking channels.रकमको स्रोत — विदेशी मुद्रा निक्षेप बैंकिङ माध्यमबाट विदेशबाट आउनुपर्छ।
• Photos, PAN (recommended) — a PAN keeps the interest tax at 5% instead of 15%.फोटो, PAN (सिफारिस) — PAN ले ब्याज कर १५% को सट्टा ५% मा राख्छ।

Repatriating Your Interest & Principal

A key advantage of an NRN account is repatriation: interest earned, and in the case of a foreign-currency FD the principal too, can generally be sent back abroad through the bank, subject to Nepal Rastra Bank regulations and the documentation the bank asks for. Rules and limits change, so confirm the current terms with the specific bank before you deposit.NRN खाताको मुख्य फाइदा फिर्ता पठाउन सक्नु हो: कमाएको ब्याज, र विदेशी मुद्रा FD भए सावाँ पनि, बैंकमार्फत विदेश पठाउन सकिन्छ (नेपाल राष्ट्र बैंकको नियम र बैंकले माग्ने कागजातअनुसार)। नियम र सीमा परिवर्तन हुन्छन्, त्यसैले निक्षेप गर्नुअघि सम्बन्धित बैंकसँग पुष्टि गर्नुहोस्।

Tax on NRN FDs

Interest on an NRN fixed deposit is taxed in Nepal the same way as any FD: 5% withholding tax with a PAN, 15% without. Foreign-currency FDs are taxed on the interest in the same manner. You may also have tax obligations in your country of residence — check any double-taxation treaty between Nepal and that country.NRN मुद्दती निक्षेपको ब्याज नेपालमा अन्य FD जस्तै करयोग्य छ: PAN सहित ५%, बिना १५%। विदेशी मुद्रा FD को ब्याजमा पनि उसैगरी कर लाग्छ। तपाईंको बसोबास देशमा पनि कर दायित्व हुन सक्छ — नेपाल र सो देशबीचको दोहोरो कर सम्झौता हेर्नुहोस्।

SEE LIVE RATES

Compare today's FD rates across every bankआजका FD दर सबै बैंकमा तुलना गर्नुहोस्

Our main comparison ranks every bank's live 1-year FD rate, updated daily. Book the highest.हाम्रो मुख्य तुलनाले हरेक बैंकको प्रत्यक्ष १ वर्षे FD दर दैनिक अद्यावधिकसहित क्रमबद्ध गर्छ।

Compare FD rates →FD दर तुलना →

Frequently Asked Questions

Can a non-resident Nepali (NRN) open a fixed deposit in Nepal?−

Yes. NRNs can open an FD in Nepal in either Nepali rupees or convertible foreign currency such as USD, through an NRN account, subject to NRB rules and the bank's documentation.सक्छन्। NRN ले NRN खातामार्फत नेपाली रुपैयाँ वा USD जस्तो परिवर्त्य विदेशी मुद्रामा FD खोल्न सक्छन्।

Should an NRN choose an NPR or USD fixed deposit?+

An NPR FD pays a higher interest rate but carries rupee exchange-rate risk. A USD (foreign-currency) FD pays less but protects against rupee depreciation and keeps funds in dollars. Choose based on whether you will spend the money in Nepal or abroad.NPR FD ले उच्च ब्याज दिन्छ तर विनिमय जोखिम हुन्छ। USD FD ले कम दिन्छ तर रुपैयाँ अवमूल्यनबाट जोगाउँछ। पैसा कहाँ खर्चने भन्नेअनुसार रोज्नुहोस्।

Can an NRN repatriate FD interest and principal abroad?+

Generally yes — interest, and for a foreign-currency FD the principal too, can be repatriated through the bank subject to Nepal Rastra Bank regulations. Confirm current limits and documents with the specific bank first.सामान्यतया सक्छन् — ब्याज, र विदेशी मुद्रा FD भए सावाँ पनि, NRB नियमअनुसार बैंकमार्फत पठाउन सकिन्छ। पहिले सम्बन्धित बैंकसँग पुष्टि गर्नुहोस्।

Is NRN fixed deposit interest taxed in Nepal?+

Yes — 5% withholding tax with a PAN, 15% without, the same as any FD. You may also owe tax in your country of residence, so check for a double-taxation treaty.लाग्छ — PAN सहित ५%, बिना १५%, अन्य FD जस्तै। बसोबास देशमा पनि कर लाग्न सक्छ, दोहोरो कर सम्झौता हेर्नुहोस्।