Nepal Rastra Bank invites applications for 10% Foreign Employment Bonds worth Rs.20 Crore; issue opens from Poush 1, 2076

Nepal Rastra Bank is issuing 10% Foreign Employment Bonds targeting the Nepalese working in the foreign countries. The bond is a 5 year bond with a total value of Rs.20 Crore.

The interest from the bonds will be payable semi-annually by the Rastra Bank while the principal amount will be paid at the end of five years.

Any Nepali citizen who is working in foreign countries and those citizen who have returned from employment in the foreign countries and 4 months’ time have not elapsed can invest in the bonds.

The interested citizens fulfilling the criteria can purchase the bonds from Poush 1 till Poush 21, 2076.

The interest from the banks can be received from any nearby commercial banks or approved banks and financial institutions or any branches of Nepal Rastra Bank.

If the individual wishes to purchase the bonds in the name of family members, then citizenship certificate and relationship certified documents (Nata Pramanit) are required.