Latest FCY Account Rates in Nepal – Updated (2026)

An FCY account is a foreign currency savings account that allows individuals and businesses to hold money in currencies such as USD, EUR, and GBP. In Nepal, FCY accounts are commonly used by NRNs, exporters, and individuals earning foreign income.

Below is a comparison of FCY account interest rates offered by commercial banks in Nepal. The rates depend on the foreign currency and the bank’s policy.

FCY Account

Muktinath Bikash Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
1.50%
Minimum Balance
Rs. 0
FCY Account

Nabil Bank

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
1.50%
Minimum Balance
Rs. 0
FCY Account

Nepal Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
1.50%
Minimum Balance
Rs. 100
FCY Account

Nepal Investment Mega Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
1.50%
Minimum Balance
Rs. 0
FCY Account

Nepal SBI Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
0.50%
Minimum Balance
Rs. 0
FCY Account

NIC ASIA Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
0.25%
Minimum Balance
Rs. 0
FCY Account

NMB Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
2.50%
Minimum Balance
Rs. 0
FCY Account

Prabhu Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
2.25%
Minimum Balance
Rs. 50
FCY Account

Prime Commercial Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
0.50%
Minimum Balance
Rs. 0
FCY Account

Rastriya Banijya Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of March 5
1.00%
Minimum Balance
Rs. 200

FCY Account Interest Rate Range (Indicative)

CurrencyInterest Rate (Per Annum)
USD (US Dollar)0.25% – 1.00%
EUR (Euro)0.10% – 0.75%
GBP (British Pound)0.25% – 1.25%
AUD (Australian Dollar)0.30% – 1.50%
JPY (Japanese Yen)0.01% – 0.30%

Rates may differ by bank and are subject to periodic revision.

Frequently Asked Questions

An FCY account is a bank account that allows individuals or businesses to hold and save money in foreign currencies such as USD, EUR, or GBP.

In banking, FCY stands for Foreign Currency.

In banking terms, FCY refers to any currency other than the domestic or local currency of a country.

NRNs, exporters, businesses, and individuals earning foreign income can open an FCY account, subject to bank and regulatory rules.

Banks charge FCY fees for maintaining foreign currency accounts and processing foreign currency transactions.

Banks offer three types of foreign currency accounts: foreign currency savings, foreign currency current, and foreign currency fixed deposit account