Nepal Rastra Bank is going to keep 78 million rupees in fixed deposits in 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 624 million in commercial banks, Rs 117 million in development banks and Rs 39 million in finance companies.

Interested banks and financial institutions should send a proposal to Rashtra Bank with the interest rate they will give by this October 22 (by Wednesday).

In this way, the banks and financial institutions have to follow the conditions set for keeping the money of Rashtra Bank in term deposit. According to which, the relevant institution should have been in operation for at least 2 years, the minimum capital fund ratio should be maintained, the non-performing loan ratio should not exceed 8 percent of the total assets and the net non-performing loan ratio should not exceed 3 percent, and the loan-deposit (CD) ratio should be within the specified limits.