Monthly Deposit and Lending Interest Rate of Banks in Nepal

Interest Rate is one of the most talked financial events happening in every country. Interest rate can have a significant impact on the economy as a whole and your personal financial life. 

Fixed Deposit Investing: Important Things to Know in Nepal

While Fixed Deposits (FDs) are one of the easiest investments, there are still many things that one should know before opening an FD account. Check out this post to identify 10 of the most important things you should know before investing in FD.

PAN Number mandatory for loan of 50 lakh or more

Banks and financial institutions are required to ask Permanent Account Number (PAN) before disbursing personal loan in accordance with NRB directives 2076. Earlier, an individual applying for personal loan of 1 crore or more are required to have PAN number.

Nepal Rastra Bank has made mandatory provision to obtain PAN number for those individuals seeking loans of 50 lakhs or more. For the purpose of calculating the amount of 50 lakhs, loan disbursed to same individual under various product category needs to be added.

NRB Notice: Banks and Coronavirus affected businessess

Nepal Rastra Bank issues the notification to Banks and Finanacial Institution to minimize the possible impact of corona virus in the economy.
A copy of NRB notice is attached below: