The latest interest rate data shows that fixed deposit (FD) rates have generally declined from Chaitra to Baisakh across Nepal’s commercial banks.
Himalayan Bank recorded the biggest drop, cutting individual FD rates from 5% to 4.5% and institutional rates from 4% to 3.75%.
Similarly, NIC Asia Bank and Rastriya Banijya Bank also reduced their rates, especially in institutional deposits.
Despite the overall decline, NMB Bank remains the only bank offering a 5% interest rate on individual fixed deposits, making it the highest in the market.
Most other banks, including Global IME Bank, Nabil Bank, and Nepal SBI Bank, have either reduced slightly or kept their rates unchanged.
Overall, the trend reflects falling interest rates due to high liquidity in the banking system, making savings returns less attractive compared to previous months.
| Bank | Chaitra Individual | Baisakh Individual | Change | Chaitra Institutional | Baisakh Institutional | Change |
|---|---|---|---|---|---|---|
| Himalayan Bank | 5.00% | 4.50% | -0.50% | 4.00% | 3.75% | -0.25% |
| NIC Asia Bank | 5.00% | 4.75% | -0.25% | 4.00% | 3.80% | -0.20% |
| Rastriya Banijya Bank | 5.00% | 4.75% | -0.25% | 4.00% | 4.00% | 0.00% |
| NMB Bank | 5.00% | 5.00% | 0.00% | 4.00% | 4.00% | 0.00% |
| Everest Bank | 4.25% | 4.05% | -0.20% | 3.50% | 3.50% | 0.00% |
| Kumari Bank | 4.12% | 4.05% | -0.07% | 3.50% | 3.50% | 0.00% |
| Sanima Bank | 4.55% | 4.50% | -0.05% | 3.30% | 3.30% | 0.00% |
| Siddhartha Bank | 4.25% | 4.00% | -0.25% | 3.50% | 3.25% | -0.25% |
| Citizens Bank International | 4.50% | 4.15% | -0.35% | 3.00% | 3.00% | 0.00% |
| Nabil Bank | 4.55% | 4.55% | 0.00% | 3.55% | 3.01% | -0.54% |
🔑 Key Highlights:
NMB Bank is the only bank maintaining 5% FD rate.
Himalayan Bank saw the largest drop.
Most banks either reduced slightly or kept rates unchanged.
Institutional FD rates also declined in several banks.
