Kathmandu. Nepal Rastra Bank is going to invest Rs 1.15 billion in fixed deposits of banks and financial institutions.
The amount in the gratuity and pension fund of the National Bank is going to be invested in fixed deposits of banks and financial institutions. The central bank has stated that out of the total amount, Rs 920 million will be invested in commercial banks, Rs 172 million in national-level development banks and the remaining Rs 57.5 million in national-level finance companies.
The National Bank has called on interested banks and financial institutions to propose interest rates. Accordingly, banks and financial institutions will have to propose interest rates by Chaitra 5.
The National Bank has stated that this fixed deposit will be valid for 366 days from Chaitra 10, 2081 to Chaitra 9, 2082.
