Nepal Rastra Bank Calls for Bids for Rs 100 Billion Deposit Collection

Kathmandu. Nepal Rastra Bank has called for bids for deposit collection worth Rs 100 billion. The central bank issued a notice today calling for bids for deposit collection.

According to the notice, only 'A', 'B', and 'C' class banks and financial institutions licensed by Nepal Rastra Bank will be able to participate in the bidding. When bidding, the amount of deposit intended and the proposed interest rate (up to four decimal places) must be mentioned.

Bidding can be done up to the total amount called for, which is divisible by at least Rs 100 million and at most Rs 500 million.