Fixed Deposit Regular Term Deposit Recurring Deposit NRN Term Deposit Now you can get an even better return on your savings. Lock-in a competitive interest rate with our Term Deposits and watch your savings grow. Regular Term DepositOur Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms. Anyone looking for a low- risk investment with a predefined investment goal, our fixed rate deposit will guarantee a higher return on your money when compared to your traditional savings or transaction account.No set-up, monthly service or management feesMinimum Deposit Amount NPR 100,000 – NPR 50,000 for Rural Municipal branchesAdditional Premium on rates for amount above NPR 500,000Choose your fixed term from 3 months to 5 yearsInterest payable at maturity or quarterly, depending on termLoan against your Term Deposit available up to 90%Our Term Deposits are covered under the deposit guarantee system from DCGC (capped at NPR 300,000 per natural individual depositors)Interest Rate and available terms Recurring Deposit Deposit Amount? Interest Rate % Tenure 1 year2 years3 years4 years5 years Calculate Total Deposit Rs. 0 Interest Rs. 0 Maturity Amount Rs. 0Lakshit Muddati/Recurring Deposit (RD) is an investment tool which permits those with an ability to make regular deposits earn decent returns on their investment. Savings account holders can choose a fixed monthly amount to save and earn higher returns on their investment that will be competitive with that of a regular fixed deposit.Monthly Investment Amount can be started from minimum NPR 500.00Term Available: Each scheme can be for 1 year, 2 years, 3 years, 4 years or 5 yearsInterest Payment OptionsAt MaturityQuarterly deposited to the linked savings accountAccount holders can choose their own debit dateSystem will automatically debit the chosen amount on your chosen dateRD account holders will be able to open DMAT account with Laxmi Capital for freeInterest calculation will be on daily basis on the outstanding balanceLoan up to 90% available against your Recurring Deposit balanceNo fees or charges will be applicable on missed installments or premature withdrawalInterest Rate and available terms NRN Term DepositTO APPLYComplete the NRN Term Deposit Online Application form NRN Term Deposit (FCY) % per annumUS Dollar (USD)5.50%Pound Sterling (GBP)4.75%Euro (EUR)3.00%Australian Dollar (AUD)5.00% Term Available : 2 or 3 years Minimum Amount USD 10,000 (or equivalent) and higherFrequently Asked QuestionsWho can open a Laxmi Bank NRN Term Deposit? A Non-Resident Nepali with a valid NRN ID (issued by the Ministry of Foreign Affairs or Nepali Embassy) is eligible to open this Term Deposit.Why should I open a Term Deposit at Laxmi Bank in Nepal?High interest rates (Current rates available @interest-rates)Choice to retain money in Nepal in Rupees or fully repatriate along withinterest upon maturity in the currency of deposit.Guaranteed returns.Is there a minimum amount for the Term Deposit? Yes, the Term Deposit can be opened with a minimum deposit of USD 10,000 (or equivalent) and higher.What is the tenure of Term Deposit? We are currently accepting deposits for 2 and 3 years.What other currencies are acceptable? You can currently open Term Deposit accounts with us in US Dollars, Pound Sterling, Euro, and Australian Dollar.Can I open a foreign currency Term Deposit account in the name of my company?No, at this stage you can only open foreign currency Term Deposit account in your personal name with Laxmi Bank.What approvals are required to take back my money after maturity? As per Nepal Rastra Bank forex circular 02/2076-77 dated 2076/05/12, the funds can be repatriated back to your account in your country in the same currency upon maturity without the need for separate approval.How do I transfer money to Laxmi Bank? You can easily make a SWIFT transfer from your bank. Our SWIFT code is LXBLNPKA. You must transfer funds through a banking channel.Can I pre-mature my Term Deposit? We do not allow pre-mature withdrawals for up to 2 years.After 2 years, you can make a pre-mature withdrawal. Conditions applyCan I borrow from the money I have deposited? You may be eligible for a loan in Rupees. Conditions apply.Is my investment safe? Laxmi Bank is a 17-year-old Bank licensed by Nepal Rastra Bank under Bank & Financial Institution Act. The bank’s shares are listed and actively traded on the Nepal Stock Exchange(NEPSE). Our updated financials are available on www.laxmibank.com and we havebeen rated [ICRANP-IR] BBB+ by ICRA Nepal.I am interested. What do I do next?Simple. Log in to our online NRN Term Deposit account opening application at online application form and complete the simple application form.