The Foreign Employment Bonds with a maturity period of 5 years will yield 12.5 percent interest payable semi-annually.
Interested parties can apply for a minimum of Rs 10,000 and a maximum of the amount divisible by Rs 10,000.
The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than six months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.
As per the central bank, the bonds can be used as collateral to obtain a loan from BFIs. The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for the country’s development.
