Arunkhola is a town situated on the bank of the river Arun before as Naya Belhani VDC Ward No. 8 of Nawalparasi, but now as Madhyabindu Municipality, ward no. 10, Nawalpur District of Western Nepal. It is also known as Aarungkhola, Aarunkhola(Nepali: आरुणखोला) and Bhagra. It is an emerging business hub of the district.