NRB announces Rs 1 billion Foreign Employment Saving Bond at 10.50%

ShareSansar, July 2

Nepal Rastra Bank has announced Foreign Employment Saving Bond amounting to Rs 1 arba aimed at Non-resident Nepalis, Nepalis working abroad, including in India, and those who have returned to the country less than four months ago from a foreign employment.  

The saving bond with a maturity period of five years offers 10.50 percent interest to be paid every six month after tax. Those interested in purchasing the bonds will have to invest at least Rs 5000 or an amount that is multiple of Rs 5000.  

The bond will be open for sale between Asar 18 and Asar 26.

The eligible applicants can purchase the saving bonds in the name of their father, mother, wife, son or daughter.

Bonds issued by central banks like NRB are considered no-risk bond and, in case of this saving bond, the eligible investors have another advantage of getting higher interest compared to the debentures issued recently by the private banks.

The NRB has appointed International Money Exchange (IME), Prabhu Money Transfer, Prabhu Finance, City Express Money Transfer, Century Commercial Bank and Sewa Express as the agents for selling the bonds.

Application for the saving bonds can also be availed from the NRB or downloaded from NRB’s website by clicking on the link Public Debt and then Foreign Employment Bond.  

Announcement Notice: CLICK HERE