What Mahalaxmi Bikas Bank does

Mahalaxmi Bikas Bank Limited is a Nepal-based development bank established in 1994 and headquartered in Kathmandu. Operating across all 7 provinces of Nepal with branch locations in major cities including Birgunj, Biratnagar, Damak, Nepalgunj, Dhangadhi, Dharan, Janakpur, Butwal, and Pokhara, the bank offers a full-service retail and commercial banking proposition. Its core products span deposit products (savings accounts, fixed deposits, recurring deposits, current accounts, call accounts), credit products (home loans, green home loans, home equity loans, vehicle loans including EV, margin lending, education loans, personal loans, and deprived sector lending), and digital banking services (mobile banking via Smart Banking app, internet banking, QR merchant payments through Fonepay, VISA debit/credit cards, USD ecommerce card, Dollar travel card, DEMAT accounts, remittance services, online fixed deposits, and the Digi Galaxy digital self-service platform). The bank is licensed and regulated by Nepal Rastra Bank (NRB), ISO certified, and registered with the Credit Information Bureau Nepal.

The bank generates revenue primarily through interest income on its lending portfolio (interest rates are publicly disclosed on its website), supplemented by transaction and service fees across ATM, card, remittance, and locker services, and digital banking service fees. Its deposit products serve as the funding base, with interest paid to depositors on savings, fixed, and recurring deposits. The pricing model is product- and segment-specific, with rates varying by loan type and customer segment; deprived sector loans are offered at NRB-mandated rates. Tax applied on interest is 5% for individuals and 15% for corporates. Distribution is hybrid: physical branches across Nepal supplemented by digital self-service channels (mobile app, internet banking, QR payments, ATMs, and VISA card acceptance across Nepal, India, and Bhutan).

The bank's customer base is segmented into individual retail customers (savings, deposits, personal loans), loan customers (home, vehicle, education, margin lending), deprived sector / priority sector borrowers (for financial inclusion as required by NRB regulation), and business/corporate customers (current accounts, commercial loans, transaction banking). Marketing channels include the official website, merchant partner network offering cardholder discounts, Google Play app store presence, YouTube tutorials, corporate events such as the annual Mahalaxmi Corporate Cricket League, and social media engagement. The bank is privately held with no publicly listed ticker, no disclosed parent company, and no reported funding rounds. Notable recognitions include the EAB Award, Silver Award, India Awards, and ISO certification.

Name

Mahalaxmi Bikas Bank

Legal name

Mahalaxmi Bikas Bank Limited

Website

https://mahalaxmibank.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mahalaxmi Bikas Bank is a Nepal-based development bank founded in 1994, offering deposits, loans, digital banking, and card services across all 7 provinces to retail, business, and deprived-sector customers through branches and digital channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Primary revenue from interest charged on loans including home loans, vehicle loans, education loans, margin lending, and other credit products. Interest rates are publicly disclosed on the bank's website.
2. Deposit Interest: Interest paid to depositors on savings accounts, fixed deposits, recurring deposits, and other deposit products. Competitive interest rates offered to attract customer deposits.
3. Transaction and Service Fees: Fees from various banking services including ATM transactions, card services, remittance services, locker services, and other miscellaneous banking services.
4. Digital Banking Services: Revenue from digital banking services including internet banking, mobile banking, QR payments, and online account services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Mahalaxmi Bikas Bank Limited is a Nepal-based development bank that offers retail and commercial banking products including savings and current accounts, fixed and recurring deposits, and multiple loan products (home, vehicle, education, margin, personal, and deprived sector loans). The bank provides digital banking services such as mobile banking, internet banking, QR merchant payments, and Visa-branded debit/credit cards through a branch network spanning all 7 provinces of Nepal.

Product overview

Mahalaxmi Bikas Bank operates as a development bank in Nepal offering a comprehensive suite of financial products organized into three main categories: deposit products, credit products, and digital banking services. The deposit portfolio includes multiple savings accounts (Normal Saving, Grihalaxmi, Karmachari, Sambriddhi), recurring deposits (Baal Bachat), current accounts, call accounts, and fixed deposits. The credit division provides home loans (standard, green, and equity variants), vehicle financing (private, commercial, and EV), margin lending, education loans, personal loans (Byawasaayik Karja), and deprived sector lending. Digital banking encompasses mobile banking (Smart Banking), internet banking, QR merchant payments via Fonepay network, credit and debit cards (Visa-branded), USD ecommerce cards, travel cards, DEMAT accounts, remittance services, missed call banking, and online fixed deposit services. The bank also provides ancillary services including ATM access, branch network, and locker facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Mahalaxmi Normal Saving Account
• Baal Bachat Recurring Deposit Account Recurring deposit account designed for children's savings with periodic contribution requirements, enabling parents to build savings for minors over time.
• Call Accounts Short-term deposit accounts offering flexibility for immediate withdrawal availability, typically used by businesses and individuals with fluctuating cash positions.
• Current Account Business checking account designed for commercial transactions and daily banking operations, serving business and corporate customers.
• Mahalaxmi Sambriddhi Bachat Khata Wealth accumulation savings account offering enhanced interest rates designed for long-term savings growth.
• Mahalaxmi Karmachari Bachat Account Employee savings account tailored for salaried individuals with preferential terms, designed for working professionals.
• Mahalaxmi Grihalaxmi Saving Account Home-focused savings account targeting women and household financial management, supporting domestic savings needs.
• Fixed Deposit Account Term deposit account providing guaranteed returns and fixed interest rates over a defined deposit period.
• Mahalaxmi Investor's Share Saving Account (All in One) Comprehensive savings account combining investment features with standard banking services for securities investors.
• Mahalaxmi Green Home Loan Eco-friendly home loan supporting environmentally sustainable housing construction and renovation, designed for green building projects.
• Deprived Sector Loan Priority sector lending product for underserved communities and economically disadvantaged groups, offered at regulatory mandated rates as per Nepal Rastra Bank requirements.
• Mahalaxmi Sawari Karja (Private, Commercial & EV) Vehicle financing product covering private vehicles, commercial vehicles, and electric vehicles for both individuals and businesses.
• Mahalaxmi Margin Lending Loan Securities-backed loan enabling investors to leverage their portfolio holdings for additional liquidity.
• Mahalaxmi Byawasaayik Karja Personal loan product for individual financial needs and consumption purposes.
• Mahalaxmi Home Loan Standard mortgage financing for purchasing, constructing, or renovating residential properties.
• Education Loan Financing for academic expenses including tuition, living costs, and related educational expenditures for students.
• Mahalaxmi Home Equity Loan Loan secured against existing property equity for flexible personal or business use.
• Mahalaxmi Credit Card Visa-branded credit card enabling purchases at merchant establishments and cash withdrawals at ATMs, usable in Nepal, India, and Bhutan.
• Mahalaxmi USD Ecommerce Card Dollar-denominated card for international online purchases and ecommerce transactions with hassle-free checkout experience.
• Dollar Travel Card Prepaid foreign currency card designed for international travelers needing foreign exchange access.
• Mahalaxmi QR Merchant Payment Contactless QR code payment service accepting Fonepay network QR codes for instant merchant settlements.
• Debit Card EMV chip-enabled Visa debit card for ATM withdrawals and point-of-sale transactions.
• Mahalaxmi Smart Banking Mobile banking application providing 24/7 account access, real-time transactions, and SMS-based services accessible via application or SMS keywords.
• QR Smart Teller QR-based self-service terminal enabling basic banking transactions for customers.
• Mahalaxmi Internet Banking Online banking platform for account management, transfers, and bill payments via web browser.
• Remittance Service International money transfer service for receiving and sending cross-border payments.
• Mahalaxmi Missed Call Service Quick balance inquiry and account information service via missed call to designated number.
• DEMAT Account Securities dematerialization account for holding and trading stocks in electronic format.
• Mahalaxmi Online Fixed Deposit Digital platform for opening and managing fixed deposits remotely without branch visit.
• Locker Services Safe deposit boxes for storing valuables and important documents securely.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• FonepaycoreTechnology or IntegrationQR payment integration with Fonepay network enabling instant bill payments through QR code scanning. Fonepay is Nepal's largest payment network providing interoperability across banks.
• VISAcoreTechnology or IntegrationInternational payment network partnership for debit and credit card services. VISA cards enable transactions at merchant establishments across Nepal, India, and Bhutan.
• Merchant Partners (Kabilas Resort, Nisarg Hospital, Cherish Restaurant, Skywalk Nepal, etc.)minorGTM or Marketing PartnerBusiness tie-ups with various merchants offering exclusive discounts to Mahalaxmi Bank cardholders. Partners include hospitality, healthcare, dining, and entertainment establishments.
• Nepal Rastra Bank (NRB)coreOthersCentral bank of Nepal - regulatory oversight and compliance. Grievance handling link provided to NRB Grievance portal (gunaso.nrb.org.np).

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kumari Bank Limited: Nepalese commercial bank with similar deposit, credit, and digital banking offerings serving retail and SME customers. Closely comparable to Mahalaxmi in scope and target segments.
• NMB Bank Limited: Nepalese commercial bank offering deposits, retail and commercial loans, digital banking, and card services across multiple branches. Closely overlaps with Mahalaxmi on product mix and target customer segments.
• Citizens Bank International Limited: Nepalese commercial bank providing deposits, credit products, and digital banking across branch network. Directly comparable to Mahalaxmi in offering set and target market.
• Sunrise Bank Limited: Mid-sized Nepalese commercial bank with retail and SME banking, credit products, and digital services. Closely comparable in scale and product breadth to Mahalaxmi Bikas Bank.
• Siddhartha Bank Limited: Nepalese commercial bank with full-service retail and corporate banking including home loans, vehicle financing, and digital channels. Comparable product portfolio and customer base to Mahalaxmi.
• NIC Asia Bank Limited: Major Nepalese commercial bank with nationwide branch presence, full deposit and credit product suites, and digital banking services. Closely comparable to Mahalaxmi in product breadth and customer segments.
• Himalayan Bank Limited: Nepalese commercial bank with deposits, loans, cards, remittance, and digital banking. Similar product breadth and customer focus to Mahalaxmi.
• Everest Bank Limited: Nepalese commercial bank offering full-service retail and corporate banking with digital channels. Comparable product portfolio and nationwide presence.

Broad incumbents

• Nepal Investment Mega Bank Limited: Result of a major merger creating one of Nepal's largest commercial banks. Operates retail deposits, credit products, cards, and digital banking nationwide — directly comparable offerings but at materially larger scale than Mahalaxmi.
• Nabil Bank Limited: Nepal's largest private commercial bank offering deposits, loans, cards, and digital banking across the country. Direct comparison to Mahalaxmi but at substantially larger scale, making it the dominant incumbent in the same competitive set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=3dVls5BYqo8
• Xx.com/bank_bikas
• Facebookfacebook.com/mahalaxmibikasbank
• LinkedInlinkedin.com/company/mahalaxmi-bikas-bank-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mahalaxmi Bikas Bank