500 million investment opportunity for Nepalis living abroad

Kathmandu. Investment opportunities in Nepal are open for young and non-resident Nepalis in foreign employment. This opportunity has been opened after the Nepal Rastra Bank opened a foreign employment savings certificate of Rs. 500 million on behalf of the government. The central bank has started selling the savings certificates from January 25. The sale of the savings certificates will continue till February 2, the bank said.

For Nepalis in foreign employment, even if it is called a savings certificate, it is a government bond. The central bank has stated that the sale of such savings certificates has been opened so that Nepalis living abroad and non-resident Nepalis can also invest in connection with employment.

The government has issued such debentures to solve the problem of remittances being sent to the country by the youths in foreign employment being spent on consumption and luxury and lack of budget for the development of the government.

Nepalis and non-resident Nepalis who have been involved in foreign employment or have returned from foreign employment less than 6 months will be able to purchase this bond in the name of themselves or any member of their family. The bond must be purchased for at least Rs 10,000.

Citizens Bank, Navil, Machhapuchhre, Prabhu, Sunrise, Siddhartha, Sanima, Century Banks and Prabhu Money Transfer, Seva Remit, City Express.

This is considered a reliable and secure investment as the government borrows from individuals. As it pays 10 percent interest per annum, its interest rate is considered to be more attractive than the current one. The bank has also stated that the loan will be repaid every six months. As it is a five-year bond, the entire principal and interest of the loan given by the person to the government after purchasing the bond will be repaid only in 2082 BS.

Such is the information