Kathmandu. Nepal Rastra Bank (NRB) has decided to invest Rs 200 million in fixed deposits of banks and financial institutions.
The amount in the Employees Protection Fund of the Rastra Bank is going to be invested in fixed deposits of banks and financial institutions. Out of the total amount, Rs 160 million will be invested in commercial banks, Rs 30 million in national-level development banks and the remaining Rs 10 million in national-level finance companies.
Nepal Rastra Bank (NRB) has called upon interested banks and financial institutions to offer interest rates. According to this, banks and financial institutions will have to propose interest rates till May 30.
According to the Rastra Bank, this fixed deposit will be valid for 366 days from May 20, 2018 to May 20, 2019.
