Machhapuchchhre Bank Limited Announces New Interest Rates For Deposits And Loans Effective From July 17 2026
16th July 2026, Kathmandu
Machhapuchchhre Bank Limited, one of the leading commercial banks in Nepal, has officially published its updated interest rate structure for various deposit products and credit facilities.
Machhapuchchhre Bank Announces New Interest Rates
According to the official notification issued by the bank, these revised interest rates are effective from July 17, 2026. The announcement provides comprehensive details regarding retail savings accounts, fixed deposit packages in both Nepalese Rupee and foreign currencies, and premium rates applicable to diverse loan categories.
Nepalese Rupee Saving Account Options And Interest Rates
Machhapuchchhre Bank Limited offers a wide range of savings accounts tailored to meet the needs of different consumer segments, including individual savers, women, youth, shareholders, and non-resident Nepalis. For the vast majority of its Nepalese Rupee saving products, the bank has fixed the annual interest rate at 2.75 percent.
The accounts carrying the 2.75 percent annual interest rate include the MBL Smart Bachat Khata, Ek Byakti Ek Khata Yojana, Normal Saving, Nari Shakti Bachat Khata, Digi Yuva Saving Account, Shareholders Saving, Samman Bachat Khata, and BalBalika Bachat Khata. Additionally, the MBL Premium Saving Account, MBL Retirement Plan Account, MBL New Smart Bachat Khata, Machhapuchchhre Bachat Khata, NRN Saving Account, and Mero Lagani bachat Khata also offer an interest rate of 2.75 percent per annum.
For customers looking for slightly higher returns on their savings, the bank offers products with a 3.00 percent annual interest rate. These products include the M Smart Bachat Khata, Smart Plus Saving Account, and the MBL GRID Savings Account. The highest interest rate in the standard saving category is awarded to the MBL Karmashil Bachat Khata, which offers an attractive 4.00 percent per annum.
The bank also provides specialized salary management schemes for corporate and salaried employees. The Salary Management Account, MBL Surakshit Talab Khata, Special Salary Management Scheme, and MBL Smart Salary Account all earn 2.75 percent interest per annum. Meanwhile, the MBL New Smart Talab Khata offers a higher yield of 3.00 percent per annum. For local currency call deposits, the bank offers an interest rate of up to 0.25 percent per annum.
Fixed Deposit And Recurring Deposit Rates For Local Currency
The bank has structured its local currency fixed deposit interest rates based on customer type, remittance source, and placement duration. For individual depositors and non-resident Nepalis, the fixed deposit rates are categorized into three major timelines. A tenure of 3 months to below 6 months yields 2.76 percent per annum. Placements lasting from 6 months to below 3 years earn 3.00 percent per annum. Long term individual fixed deposits for durations of 3 years and above receive a maximum rate of 4.50 percent per annum.
To incentivize formal remittance inflows into the country, Machhapuchchhre Bank Limited offers significantly higher interest rates on remittance fixed deposits. For a tenure of 3 months to below 6 months, remittance fixed deposits offer 3.76 percent interest per annum. For 6 months to below 3 years, the rate increases to 4.00 percent per annum. Remittance fixed deposits with a tenure of 3 years and above receive the highest domestic yield of 5.50 percent per annum.
For institutional depositors, the fixed deposit interest rates are split into two categories. Institutional deposits for a duration of 6 months up to 2 years receive 2.75 percent interest per annum. Any institutional fixed deposit placed for more than 2 years earns an annual interest rate of 3.00 percent.
Customers interested in recurring savings can opt for the MBL Recurring Deposit scheme. For tenures ranging from 6 months to 5 years, the recurring deposit yields 4.00 percent per annum. The same rate of 4.00 percent per annum applies to long term recurring deposits spanning from above 5 years up to 20 years.
Foreign Currency Deposit Options
Machhapuchchhre Bank Limited provides extensive deposit options for major foreign currencies, including the US Dollar, Euro, Great Britain Pound, Australian Dollar, Japanese Yen, Canadian Dollar, and Chinese Yuan. The interest rates are separated for Non-Resident Nepalis or remittance customers and other general depositors.
For US Dollar accounts, the saving interest rate is 3.51 percent for NRN and remittance customers and 2.51 percent for others. The US Dollar fixed deposit provides 4.26 percent for NRN and remittance accounts and 3.26 percent for other customers. The US Dollar call deposit rate is capped up to 1.25 percent, while the US Dollar recurring deposit stands at 3.26 percent.
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Euro accounts offer a saving rate of 2.00 percent for NRN or remittance lines and 1.00 percent for others, with fixed deposit rates at 3.00 percent and 2.00 percent respectively. Great Britain Pound accounts provide savings interest at 2.20 percent for NRN or remittance lines and 1.20 percent for others, while the fixed deposit rates are 3.20 percent and 2.20 percent.
Australian Dollar accounts yield 2.55 percent for NRN or remittance savings and 1.55 percent for others, alongside fixed deposit rates of 3.55 percent and 2.55 percent. Japanese Yen accounts pay 1.25 percent for NRN or remittance savings and 0.25 percent for others, with fixed deposits offering 1.35 percent and 0.35 percent. Canadian Dollar accounts pay 1.75 percent for NRN or remittance savings and 0.75 percent for others, while fixed deposits offer 2.00 percent and 1.00 percent. Chinese Yuan accounts provide 1.50 percent for NRN or remittance savings and 0.50 percent for others, with fixed deposit yields at 1.50 percent and 0.50 percent.
Credit Facilities And Premium Lending Rates
The bank has also announced its premium rates for different types of credit lines, which are added directly on top of the institutional base rate. The final interest rate for each individual borrower or deal is determined based on the specific loan category, loan tenure, and internal credit risk rating assessments.
For corporate, infrastructure, and bank guarantee credit facilities, which encompass cash credits, demand loans, short demand loans, trust receipts, pledge loans, packing credits, bridge gap loans, term loans, and working capital term loans, the premium rate is up to 2.00 percent over the base rate. For Micro, Small, and Medium Businesses, the premium ranges from 0.50 percent to 2.50 percent over the base rate. Small and Medium Enterprises as well as Elongated Small and Medium Enterprises carry a premium ranging from 1.00 percent to 3.00 percent over the base rate.
Information Technology loans up to 10 million Nepalese Rupees carry a premium of 1.00 percent to 3.00 percent over the base rate. Capital market loans, including margin lending lines of credit, proprietary trading credit, and T plus 2 settlement demand loans, involve a premium of up to 2.00 percent over the base rate.
Retail loans are also subject to specific premium brackets. Home loans up to 20 million Nepalese Rupees carry a premium of 0.50 percent to 2.50 percent, while home loans above 20 million Nepalese Rupees have a premium of 1.00 percent to 3.00 percent over the base rate. Auto loans for specific categories carry a premium of 0.50 percent to 2.50 percent, whereas normal auto loans feature a premium of 1.00 percent to 3.00 percent. Commercial vehicle loans carry a premium of 0.50 percent to 2.50 percent for specific deals and 2.00 percent to 4.00 percent for standard arrangements.
Mortgage term loans and mortgage overdraft loans carry a premium range of 1.00 percent to 3.00 percent over the base rate. Salary package loans are separated into specific premiums of 0.00 percent to 2.00 percent and normal premiums of 2.00 percent to 4.00 percent. Professional loans carry a specific premium of 1.00 percent to 3.00 percent and a normal premium of 2.00 percent to 4.00 percent. Privilege loans range from 0.00 percent to 2.00 percent for specific variants and 2.00 percent to 4.00 percent for normal accounts. Education loans and MBL Smart Loans carry a premium of 1.00 percent to 3.00 percent, while the specific loan against fixed deposit receipts carries the coupon rate on the fixed deposit receipt plus up to a 2 percent premium or the base rate, whichever is higher.
Loans against gold carry a premium of 2.00 percent to 4.00 percent over the base rate. Low risk credit facilities like loans against government securities, loans against first class bank guarantees, and loans against foreign currency deposits maintain a premium range between 0.00 percent to 2.00 percent over the base rate. Forced loans will attract a steep base rate plus a 4 percent premium. Securities loans maintain a premium range from 0.50 percent to 2.50 percent.
Nepal Rastra Bank Directed And Subsidized Sectors
For loans directed toward national development sectors as mandated by the central bank, Machhapuchchhre Bank Limited applies controlled premium structures. Indirect deprived sector lending features a premium from 0.00 percent to 2.00 percent over the base rate. Direct deprived sector loans carry a premium up to 2 percent, while other general deprived sector loans involve a premium of 2.00 percent to 4.00 percent over the base rate.
The MBL Subsidized Loan option maintains a flat premium of 1.50 percent over the base rate. Loans under the Yuba Tatha Sana Byabasai Swarojgar Kosh will be priced exactly as per the official agreement. Loans under consortium financing will follow the specific consortium group decision, and US Dollar trust receipt loans remain fully negotiable. Home loans provided to earthquake victims under Nepal Rastra Bank refinancing rules will follow the central bank norms, and branchless banking agent overdraft loans carry a premium from 0.00 percent to 2.00 percent over the base rate. The penal interest rate on past due loans or expired credit lines is set at plus 2.00 percent per annum.
Fixed Interest Rate Options For Individual Term Loans
To protect retail consumers from market interest rate fluctuations, Machhapuchchhre Bank Limited provides stable fixed interest options for individual term loans up to specific horizons. For an individual home loan, the interest rate is fixed at 7.75 percent per annum for tenures up to 5 years, 8.50 percent per annum for tenures spanning from 5 years to 10 years, and 9.50 percent per annum for terms extending above 10 years.
Individual auto loans and hire purchase loans feature a fixed rate of 8.00 percent per annum for timelines up to 5 years and 9.00 percent per annum for terms ranging from 5 years to 10 years. Individual business term loans can be locked at a fixed interest rate of up to 8.50 percent per annum for tenures stretching up to 5 years.
