Foreign Employment Bond-2075 Kha applicaiton closing today

ShareSansar, January 6:

Today is the last day to apply for the Foreign Employment Bond 2075-KA worth Rs 25 crore being issued by Nepal Rastra Bank (NRB) since mid-December for Non-resident Nepalis (NRNs) and migrant workers, including those who were working up to four months ago.

Unlike similar foreign employment bonds issued in the past, the central bank is issuing the current one half way into the fiscal year and in a phase-wise manner at an attractive interest rate of 9 pecent, which will be provided semi annually.

The bond to be issued on January 12 will mature exactly in five years.

Interested party can apply for a minimum of Rs 5000 to the maximum possible amount, which is multiple of Rs 5000.

The central bank has designated four remitters and three financial institutions to target NRNs and migrant workers.