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Nepal Rastra Bank is going to keep 21 million rupees in fixed deposits of various banks and financial institutions. The National Bank has issued notices to banks and financial institutions to send proposals for this. The National Bank is going to keep the amount in the gratuity and pension fund in fixed deposit for one year.
According to which, a notice has been issued to keep Rs 168 million in commercial banks, Rs 315 million in development banks and Rs 15 million in finance companies. Interested banks and financial institutions will have to send a proposal to Rashtra Bank with the interest rate they will give by 5th of January (Friday).
In this way, the banks and financial institutions have to follow the conditions set for keeping the money of Rashtra Bank in fixed deposit. According to which, the relevant institution should have been in operation for at least 2 years, the minimum capital ratio should be maintained, the bad debt should be less than 5 percent of the total assets, the loan deposit (CD) ratio should be within the specified limits, etc.
