NRB to issue ‘Foreign Employment Saving Bond’ worth Rs 50 crore from Mangsir 10; Attractive interest rate of 10% p.a

Nepal Rastra Bank (NRB) will be issuing “Foreign Employment Saving Bond” worth Rs 50 crore from Mangsir 10, 2074. The foreign employment bond is targeted at Nepali migrant workers and non-resident Nepalese (NRNs) across the globe. Also, Nepalese working abroad who have returned to the country and have been here for less than four months can subscribe to the bond issue. The issue will close on Mangsir 29, 2074. The bond will be allotted on Poush 5, 2074. Interested Parties can file for bonds worth minimum Rs 5,000 and maximum bonds worth an amount not exceeding the size of total issue and divisible by 5,000 without remainder. The bond is offered at very attractive interest rate of 10 percent per annum. The payout of interest amount will be done in every six months. Tthe bonds can be used as collateral to take loans from banks and financial institutions (BFIs). Also, to download the form and  to know more about the features of the bond please visit the website http://www.nrb.org.np