Offers 7.5% interest rate
KATHMANDU, Nov 27: The government has announced the issuance of Citizen Saving Bonds 2086 (A).
The Public Debt Management Office announced the sale of savings bonds worth Rs 2 billion on Wednesday.
The bond offers an annual interest rate of 7.5 percent to citizens. Interested Nepali individuals can apply for this bond from November 28 to December 29.
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The key features of the Citizen Savings Bond include semi-annual interest payments, the ability to use it as collateral for loans from banks and financial institutions and the option to trade it in the secondary market.
The issuance date of this savings bond is set for December 31, with a maturity period of five years.
The application process must be done online. The application form for the savings bond will be available on the website, and interested individuals can apply through the application portal.
In this process, the applicant's bank account must be verified, and the required documents must be uploaded online with the application.
The minimum application amount for the savings bond is set at Rs 10,000, and the maximum application limit is determined based on the total issuance amount.
Interest for the fragmented period will not be paid, and all applications must be duly approved.
The government has stated that through this savings bond, it is providing Nepali citizens with a safe and attractive investment opportunity, while also advancing plans for further improvement in public debt management.
