Kathmandu. Nepal Rastra Bank (NRB) has decided to invest Rs 580 million in fixed deposits of banks and financial institutions.
The amount in the Rastra Bank’s gratuity and pension fund is being invested in fixed deposits of banks and financial institutions. Of the total amount, Rs 464 million will be invested in commercial banks, Rs 87 million in national-level development banks and the remaining Rs 29 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 by May 20, 2018.
According to the Nrb, this fixed deposit will be valid for 366 days from May 20, 2019 to May 20, 2019.
