Globally a huge amount of municipal solid waste (MSW) is being produced which is very difficult to dispose. Composting of MSW is one of the options of solid waste recycling, but its use by the farmers is limited because of its low nutrient status. This study has considered some organic amendments to increase nutrient status of MSW compost for its potential use as an organic fertilizer in rice cultivation. We prepared three types of amended compost by mixing 20% mustard oil cake (MOC) and 30% poultry manure (PM) or cow dung (CD) or sugarcane press mud (SPM) with 50% MSW compost. The inoculum of Trichoderma viride was used to accelerate the composting process. The use of different amendments improved the nutrient level of MSW compost. A field experiment was conducted to evaluate the performances of amended MSW composts alone and in combination with chemical fertilizers on yield, nutrient content and balance in rice (var. BRRI dhan28). The experiment was conducted in 2018 at Bangladesh Agricultural University (BAU) farm, Mymensingh having silt loam texture, pH in water of 6.7 and 2.79% organic matter; the soil was Aeric Haplaquept under the order Inceptisols. There were 10 treatments consisting of chemical fertilizers (urea, triple superphosphate, muriate of potash, gypsum and zinc sulphate) and four types of MSW compost (three amended and one unamended). Based on the results of yield and N, P, K and S concentration of rice grain, the treatment containing 50% fertilizers +10 t ha−1 of amended compost (MSW + MOC + SPM in a ratio of 5:2:3) performed the best. There were apparent negative balances for N (11–45 kg ha−1) and K (6–48 kg ha−1), and positive balances for P (8–71 kg ha−1) and S (4–46 kg ha−1) in soils, across the treatments. Results of this study have significant value in fertilizer management strategies for rice cultivation in sub-tropical countries.