NIC Asia Bank Publishes Updated Deposit And Lending Interest Rates For Jestha 2083
14th May 2026, Kathmandu
NIC Asia Bank Limited has officially announced its updated interest rate schedule, which is set to take effect from the 1st of Jestha 2083, corresponding to May 15, 2026. The details highlight a comprehensive range of products covering local currency (LCY) deposits, foreign currency (FCY) deposits, and various lending categories.
NIC Asia Interest Rates
As one of the largest private sector banks in Nepal, these rate adjustments reflect the current financial landscape and provide essential information for both individual and institutional clients planning their financial activities for the upcoming month.
Updated LCY Saving and Fixed Deposit Rates
The bank has structured its local currency savings and fixed deposits to cater to a variety of customer needs. For LCY savings, the Sathi Bachat Khata offers an annual interest rate of 3.25 percent, while other saving products are set at 2.75 percent. Individual fixed deposits are tiered based on tenure: 2.75 percent for 3 months to 2 years, 3.01 percent for 2 to 5 years, and a higher 4.50 percent for 5 years and above. Institutional fixed deposits range from 2.75 percent for shorter terms to 3.50 percent for terms exceeding 5 years, while call deposits offer up to 1.37 percent.
Foreign Currency Deposit Opportunities
NIC Asia Bank provides several options for depositors holding major foreign currencies such as USD, EUR, GBP, JPY, and AUD. USD products offer a savings deposit interest rate of 1.00 percent and fixed deposit rates up to 3.50 percent for terms up to 1 year. For currencies like the Euro and British Pound, savings rates are 0.50 percent, with fixed deposits capped at 2.00 percent. Call deposit rates for these currencies are also available, with USD products offering up to 0.50 percent, providing flexibility for international currency management.
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Lending Rates and Risk Premium Structures
On the lending side, NIC Asia Bank utilizes a floating interest rate model based on the average base rate plus a risk premium. The average base rate for Chaitra 2082 was 6.25 percent. For floating rate products like Home Loans and Education Loans, the risk premium ranges from 0.00 percent to 3.00 percent. Specifically, Home Loans carry a floating premium of up to 2.00 percent, while Education Loans feature a premium between 1.00 percent and 3.00 percent. These structures allow the bank to price loans based on individual risk profiles and market conditions.
Fixed Interest Rate Options for Personal and Business Loans
For borrowers seeking stability, NIC Asia Bank offers competitive fixed interest rates for a variety of loan products. Home loans can be secured at a fixed rate of 6.99 percent, while Auto Loans for private vehicles range between 7.49 percent and 7.99 percent. Business and corporate loans also feature fixed options, with corporate loans starting at 6.99 percent for prime clients. Other specialized products, such as gold loans and professional loans, carry fixed rates ranging from 7.99 percent up to 9.99 percent, giving customers multiple paths for long term financial planning.
Important Notes on Remittances and Penalties
The bank has included several important regulatory and operational notes in its Jestha 2083 schedule. Notably, remittance deposits receive an additional 1 percent interest rate over the published figures to encourage formal foreign currency inflows. The base rate adjustments for floating rate loans will occur on the 1st day of every Nepali calendar month. Furthermore, subsidy rate loans and fixed interest rates are subject to review in accordance with Nepal Rastra Bank (NRB) directives. These details ensure that all banking transactions remain transparent and compliant with national financial regulations.
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