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Nepal Fixed Deposit Calculator

नेपाल मुद्दती निक्षेप क्याल्कुलेटर

Estimate fixed-deposit maturity value, interest earned and effective annual yield in Nepal.

Estimate the maturity value of a fixed deposit in Nepal. Enter the deposit amount, the bank’s interest rate, the term and the compounding frequency to see the maturity value, interest earned and effective annual yield.

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Enter the rate your bank offers.
Maturity value—
Deposit principal
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Interest earned
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Maturity value
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Effective annual yield
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Term
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About the Nepal fixed deposit calculator

A fixed deposit locks a sum with a bank for a set term at a fixed interest rate, and the interest compounds until maturity. This calculator estimates the maturity value and the interest earned from the deposit amount, the annual rate, the term and the compounding frequency. It is useful for comparing deposit offers, planning savings, and checking the maturity figure a bank quotes.

How fixed-deposit interest is calculated

When interest compounds, it is added to the principal at regular intervals and then earns interest itself. The maturity value is the principal multiplied by (1 + rate ÷ compounds per year) raised to the number of compounding periods over the whole term. Nepali banks most commonly compound fixed deposits quarterly, which is the default here, but monthly, half-yearly and yearly compounding are also available, along with a simple-interest option for comparison.

Why compounding frequency matters

The more often interest compounds, the higher the effective annual yield for the same nominal rate. A 10% deposit compounded monthly returns a little more than the same rate compounded yearly, even though both quote 10%. The calculator shows the effective annual yield so offers can be compared on a like-for-like basis.

Rate is entered by you

The interest rate is not fixed by this tool — enter the rate your bank offers. Deposit rates in Nepal change with monetary policy and by bank, term and amount, so always confirm the current rate before committing. Tax on interest, if any, is not deducted here.

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Frequently asked questions

How is fixed deposit maturity calculated?
The maturity value is the principal multiplied by (1 + annual rate ÷ compounds per year) raised to the number of compounding periods in the term. With quarterly compounding at 10% for one year, the factor is 1.025 to the power of four.
What compounding frequency do Nepali banks use?
Most fixed deposits in Nepal compound quarterly, so interest is added every three months and then earns interest. Some products use monthly or half-yearly compounding, and a few quote simple interest — check the terms for your specific deposit.
What is the effective annual yield?
It is the return over a year once compounding is taken into account, expressed as a single annual rate. Because of compounding it is slightly higher than the nominal rate — for 10% compounded quarterly it is about 10.38%.
Is the interest on a fixed deposit taxable in Nepal?
Interest income is generally taxable, and banks may deduct tax at source on it. This calculator shows the gross maturity figure before any tax; check the tax treatment that applies to you.
Should I choose a longer or shorter term?
Longer terms usually carry higher rates but lock your money away and may have a lower rate on premature withdrawal. Compare the maturity value at different terms with your expected rates, and weigh that against when you might need the funds.
What happens on premature withdrawal?
If you close the deposit before maturity, banks typically apply a lower rate — often the rate for the period actually served, or a reduced card rate — so the figure here applies only if you hold to maturity.

Sources & further reading

  1. Nepal Rastra Bank (central bank)nrb.org.np
  2. Nepal Bankers’ Associationnepalbankers.com.np