DCGF to invest Rs 2.57 billion in fixed deposits, calls for proposals from banks

The deadline for submission has been set for September 24.

By REPUBLICA

KATHMANDU, Sept 19 : The Deposit and Credit Guarantee Fund (DCGF) has announced plans to invest over Rs 2.5 billion in fixed deposits with commercial banks.

According to the DCGF, a total of Rs 2.57 billion will be placed in fixed deposits. Banks interested in securing this investment have been asked to submit proposals mentioning the offered interest rate.

The deadline for submission has been set for September 24.

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