Bank Interest Rates in Nepal: since 1973 the Nepal Bank Limited has started service in Nepal. It is the first commercial bank of Nepal. Nowadays there are more than 27 commercial bank. which performing service like deposits,loan,remittance, checkbook,credit card, debit card, mobile banking, Internet banking,shares and insurances.
The bank interest rate in Nepal are decided by Nepal Rastra Bank.But the commercial banks can increase and decrease the interest rates without exceeding the maximum or minimum rates set by Nepal Rastra Bank.
However, we have pointed both the maximum and minimum intrest rates on the savings accounts. And also the maximum interest rate on fixed deposit for personal and institutional accounts.
To get the maximum intrest rate in many banks you have to choose the special or premium account type that means you have been charged for account opening or maybe some some amount will be on hold until you operate the account.
we suggest for maximum intrest rate kindly choose those bank which has a high intrest rate on the normar saving account. Generally the normal saving account is zero balance account which doesn't require a minimum balance to open a bank account.
The bank intrest rate in Nepal are always changing so we update the rates every month for more information follows us.as yyou can see NIC Asia bank ltd intrest is low on saving accounts. where civil Bank ltd interest rate is high for fixed deposit account and century cimmercial bank ltd is the srcond highest for the quarter
Bank Product and services
Many commerrcial bank are offering free account opening and some banks are charging for the service. most of the bank offer free checkbook, debit card,ABBS, mobile and internet banking.
The banks are offering many type of account. such as saving, fixed,current,dmat,salary,FCY known as foreign currency account USD GBP AND EUR. As well they are serving a verient of loan. such as personal loan,home loan,vehicle loan, business loan,educational loan,gold loan,mortgage loan and property loan.each cerizen of our country or NRN non residential Neplese can also open a bank account in Nepal. for foreign citizens , they must be residing ,earning, or trading in this country for NRN they demand an NRN ID card.
To open a bank account you need a phatograph,identity proof and adress proof which is compulsory. Maybe the bank will demand other relevant documents.you can visit the bank physicaay or nowadays many bank have the facility to open an online bank account.just you have to fill the online form and submit it on their site you'll get your account number instantly by email or SMS
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