Nepal Rastra Bank Wishes to Invest its Gratuity and Pension Fund; Invites Sealed Applications
Nepal's central bank, Nepal Rastra Bank is looking forward to investing its Gratuity and Pension Fund. The bank wants to invest Rs. 1.4 Arba in Fixed deposits from Magh 01, 2077 to Magh 01, 2078.
The bank has invited A, B, and C class financial institutions to bid for the fund mentioning the amount they want to accept and the returns they are willing to provide. Rs. 1.12 Arba will be handed over to A class banks, Rs. 21 crores to B class banks, and Rs. 7 crores to C class financial institutions.
The sealed application should be submitted by 3 pm, Poush 16.
There is a list of criteria that a financial institution must meet in order to be eligible for application. More details on it can be found in NRB's official notice below:
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