Nepal Reinsurance Company (NRIC) seeks bids again from commercial banks for its fixed deposits

Wed, Oct 7, 2020 6:30 AM on Latest,

Company Limited (NRIC) has published a notice seeking quotation of Fixed Deposit interest.

NRIC wants to deposit a segment of its fund as fixed deposits. It expects the maturity period to be a year or two.

NRIC is thus seeking "A" class commercial banks to bid for the amount they want to take as fixed deposits, the interest rates for the deposit, and the frequency of interest payment. The bids should be submitted by Ashwin 27.

NRIC had previously published a notice for the same. The previous deadline was Ashwin 14.

View the notice.