Kathmandu. Nepal Rastra Bank (NRB) has decided to invest Rs 570 million in fixed deposits of banks.
The money in the central bank’s gratuity and pension fund is being invested in the fixed deposits of the banks. For this, the Rastra Bank has called upon the banks to offer interest rates till 7 pm on July 15.
Out of the total amount, Rastra Bank will invest Rs 456 million in commercial banks, Rs 85.5 million in national-level development banks and Rs 28.5 million in national-level finance companies.
According to the central bank, this investment will be made for 366 days from July 20, 2018 to July 15, 2018.
