Remittance in Nepal – Fixed Deposit Rates, and Importance (2025)

Remittance in Nepal plays one of the most important roles in supporting households. Additionally, it strengthens the national economy and contributes significantly to GDP. With this in mind, millions of Nepali workers employed abroad continue to send money home. As a result, remittance inflow has grown every year, making it a major pillar of Nepal’s economic development.

In this updated 2025 guide, we cover the latest remittance fixed deposit rates, the importance of remittance, its contribution to GDP, advantages, and the top remittance companies.

Latest Remittance Fixed Deposit Rates(2025)

Many Nepali banks offer special fixed deposit rates for remittance accounts. These rates are usually higher than standard savings accounts. Therefore, they encourage Nepalis working abroad to save securely while earning better returns.

Remittance Fixed Deposit

Salapa Bikas Bank

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
9.50%
Minimum Balance
Rs. 0
Tenure
1 year
Remittance Fixed Deposit

Sambriddhi Finance Company Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.00%
Minimum Balance
Rs. 0
Tenure
9 months
Remittance Fixed Deposit

Sanima Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.05%
Minimum Balance
Rs. 0
Tenure
3.08 years
Remittance Fixed Deposit

Shangrila Development Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.50%
Minimum Balance
Rs. 0
Tenure
2 years
Remittance Fixed Deposit

Shine Resunga Development Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.50%
Minimum Balance
Rs. 0
Tenure
2 years
Remittance Fixed Deposit

Shree Investment & Finance Company Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.50%
Minimum Balance
Rs. 0
Tenure
2 years
Remittance Fixed Deposit

Siddhartha Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.00%
Minimum Balance
Rs. 0
Tenure
2.08 years
Remittance Fixed Deposit

Sindhu Bikash Bank Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
8.11%
Minimum Balance
Rs. 0
Tenure
1 year
Remittance Fixed Deposit

Standard Chartered Bank Nepal Limited

Standard Chartered Bank Nepal Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A) As of December 3
7.25%
Minimum Balance
Rs. 0
Tenure
5 years

Why is remittance important?

Remittance has become the backbone of the Nepali economy. It reduces poverty, increases household income, and boosts national foreign reserves.

Role of Remittance in Economic Development

  • Supports national foreign currency reserves
  • Reduces the balance of payment deficit
  • Encourages investment in banking and real estate
  • Improves the standard of living for millions of families

Advantages of Remittance

  • Reduces poverty levels
  • Increases household purchasing power
  • Boosts investment in education and health
  • Generates capital for banking deposits
  • Supports rural development

Foreign Employment and Remittance Nepal

Foreign employment is a major driver of remittance inflow. Every year, hundreds of thousands of Nepalis migrate for work. As a result, remittance continues to grow steadily. Most workers travel to countries such as:

  • Qatar
  • UAE
  • Saudi Arabia
  • Malaysia
  • South Korea

Because of their earnings, Nepal receives a large amount of foreign currency. Consequently, these remittance transfers directly support Nepal’s economy and strengthen household income across the country.

List of Remittance Companies

Some of the most popular and trusted remittance companies include the following. Additionally, these services offer fast transfers, wide networks, and reliable support:

  • IME Remit
  • Prabhu Remit
  • Himalayan Bank Remittance
  • Western Union
  • Khalti Remit
  • eSewa Money Transfer

Moreover, these companies continue to expand their digital services, making remittance transfers easier and faster for Nepalis living abroad.

FAQ’s

Remittance boosts national reserves, supports imports, lowers unemployment, and provides capital for savings, investment, and rural development.

Remittance sent by Nepali workers from abroad is tax-free in Nepal. However, remittance companies must follow Nepal Rastra Bank (NRB) guidelines and regulations.

Remittance contributes around 22–24% of Nepal’s GDP, making Nepal one of the most remittance-dependent economies globally.

The total remittance in Nepal exceeds over USD 10 billion annually, according to Nepal Rastra Bank reports. The amount continues to grow as more Nepalis migrate for work.

IME Remit is widely regarded as the largest and most trusted remittance company in Nepal, followed by Prabhu Remit and eSewa Money Transfer.

In 2025, remittance in Nepal is projected to grow due to increased foreign employment and digital remittance channels. NRB estimates continued double-digit growth.

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