Nepal Breaking NewsMarketFrom Jestha 11, Nepal Rastra Bank will sell 'Citizens Savings Bond 2083.'

From Jestha 11, Nepal Rastra Bank will sell ‘Citizens Savings Bond 2083.’

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From Jestha 11, 2078 BS, Nepal Rastra Bank (NRB) sell ‘Citizens Savings Bond 2083.’ The application for the purchase of a bond can be submitted until Ashad 1, 2078 BS.

The central bank intends to sell the Rs 2 Arba bond. It will reach maturity in 2082. As a result, the maturity is 5 years.

The interest will be paid every six months. Investors will receive a 9% return. The tax is levied on earned interest income.

Citizens Saving Certificates are only available to Nepalese citizens.

The initial purchase price is Rs. 10,000.

Investors can obtain loans by pledging their bonds as collateral.

Click the link below for more information.

https://www.nrb.org.np/contents/uploads/2021/05/CSB-2083.pdf

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