Fixed deposit calculator for Nepal — enter your deposit amount, interest rate, and tenure, and it shows your maturity value, quarterly interest payouts, and total return. This FD calculator also handles interest reinvestment into a savings account, which is how most serious FD investors in Nepal actually maximise their returns.
FD Calculator
Fixed Deposit with Nepali quarterly payouts — Ashad, Ashwin, Poush & Chaitra
* Each quarterly FD payout deposits into your savings account and compounds at this rate quarterly.
* FD interest calculated quarterly as per Nepali bank standard. Interest is paid at end of each Nepali fiscal quarter.
How FD works in Nepal?
In Nepal, Fixed Deposit (FD/Term Deposit) interest is calculated on simple interest basis and paid out every fiscal quarter — at the end of Ashad (Asar), Ashwin, Poush, and Chaitra. The principal is returned in full at maturity. The interest rate remains fixed for the entire tenure as agreed at the time of deposit.
What is Interest Reinvestment?
When Interest Reinvestment is enabled, each quarterly FD payout is deposited into your savings account rather than spent. The savings account then compounds that amount at your savings rate — earning interest on interest. This strategy significantly boosts your total return over time and is commonly used by Nepali investors to maximise FD returns.
How Fixed Deposits Work in Nepal
FD in Nepal works differently from most other countries. Interest isn’t paid monthly or at maturity in a lump sum — it’s paid quarterly, at the end of each Nepali fiscal quarter.
Those four quarters end at: Ashad (Asar), Ashwin, Poush, and Chaitra.
Every quarter your bank credits the FD interest amount to your linked savings account. Your principal stays locked in the FD earning the same fixed rate until maturity, when the full principal comes back to you.
The interest calculation itself is simple interest — not compound. The rate is fixed at the time you open the FD and doesn’t change for the entire tenure.
This is the NRB-standard way Nepali commercial banks, development banks, and finance companies handle FDs.
How to Use the Fixed Deposit Calculator — Exact Steps
Duration preset buttons At the top you’ll see quick buttons — 3 Mo, 6 Mo, 1 Yr, 2 Yr, 3 Yr, 5 Yr. Tap one to fill the FD Duration field instantly for the most common tenures.
Deposit Amount Enter your principal — the amount you’re putting into the FD. Slider goes from Rs 10,000 to Rs 50,00,000, or type your amount directly.
Annual Interest Rate Enter the FD rate your bank is offering. Slider runs 1% to 15%. Rates vary by bank type — commercial banks tend to offer lower rates than development banks and finance companies. Use your actual bank’s quoted rate for accurate results.
FD Duration Set the tenure in months. Goes from 3 to 120 months. If you used a preset button above, this is already filled. Adjust manually for any tenure not covered by the presets.
First Interest Payout Quarter This is unique to Nepal’s fiscal calendar system. Select which quarter your FD starts in — Ashad, Ashwin, Poush, or Chaitra. This determines when your first interest credit happens and maps out all subsequent quarterly payouts correctly through your tenure.
Interest Reinvestment toggle This is optional but worth understanding. When you switch this on, each quarterly interest payout gets deposited into your savings account and earns additional interest at your savings account rate — compounding quarterly. This is interest-on-interest. Over a long tenure it adds a meaningful amount on top of your FD interest.
Savings Account Rate Only visible when Interest Reinvestment is turned on. Enter your savings account interest rate — typically 3–6% in Nepali banks. The calculator then compounds each quarterly FD payout at this rate for the remaining tenure.
Click Calculate Maturity
Five results appear:
Maturity Value — total amount you receive when everything is combined.
Principal Amount — your original deposit, returned in full at maturity.
FD Interest Earned — total simple interest earned on the FD across all quarters.
Savings Interest — additional interest earned from reinvesting quarterly payouts (only shows when reinvestment is on).
Maturity Value — the final combined number.
Below, click Quarter-by-Quarter Breakdown to see each payout mapped to its Nepali quarter. Toggle between Quarterly and By Year view. This shows exactly when each interest payment hits, how much it is, and the running total — useful for cash flow planning.
The Interest Reinvestment Strategy
Most people open an FD and let the quarterly interest sit in their savings account doing nothing. That money could be working.
Say your FD pays Rs 7,500 every quarter. If your savings account earns 4% annually and you leave each quarterly payout there, those amounts start compounding. Over a 3-year FD the additional savings interest might add Rs 3,000–5,000 on top of what the FD alone would have given you.
Not dramatic. But on a Rs 20 lakh FD over 5 years the number gets significantly larger. The calculator shows you exactly how much the reinvestment strategy adds for your specific amounts before you commit.
Quick Example
Rs 5,00,000 deposited. 9% annual rate. 2 years. Starting Ashad. No reinvestment.
Quarterly interest: 5,00,000 × 9% ÷ 4 = Rs 11,250 per quarter Total quarters: 8 Total FD interest: Rs 90,000 Maturity value: Rs 5,00,000 principal returned + Rs 90,000 interest = Rs 5,90,000
Switch reinvestment on at 5% savings rate and the calculator adds another Rs 4,000–5,000 on top from the compounding savings payouts.
FAQs
Can I withdraw my FD before maturity? Yes but it comes with a penalty — usually a 1–2% reduction in the applicable interest rate for the period you held it. The calculator shows full-tenure returns. Premature withdrawal gives you less than what’s shown.
Are FD interest rates fixed for the entire tenure? Yes. The rate agreed when you open the FD stays the same until maturity regardless of whether market rates go up or down afterward. That’s the key feature of a fixed deposit.
Which banks give the best FD rates in Nepal? Development banks and finance companies (BFIs) generally offer higher rates than commercial banks. Always compare before opening. Even a 0.5% difference matters over 2–3 years on larger amounts.
Is FD interest taxable in Nepal? Yes. Banks deduct TDS (Tax Deducted at Source) on FD interest before crediting it to your account. The standard TDS rate on interest income is 5% for individuals. The maturity value this calculator shows is pre-TDS — your actual take-home is slightly less.
What is the minimum FD amount in Nepal? Most commercial banks start FDs at Rs 10,000. Development banks and finance companies sometimes go lower. The calculator’s minimum slider starts at Rs 10,000 to reflect this.
Run your deposit through the fixed deposit calculator above. Change the tenure, try different rates, toggle reinvestment on and off — the quarter-by-quarter table makes it easy to see exactly what you’re getting and when.
FD interest calculated on simple interest basis per NRB standard. Actual bank returns may vary slightly.