Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) has decided to invest Rs 2.77 billion in fixed deposits of banks and financial institutions.

Rastra Bank has said that the amount will be invested in banks, national level development banks and national level finance companies.

Nepal Rastra Bank (NRB) will invest Rs 2.22 billion in commercial banks, Rs 416.5 million in national-level development banks and Rs 138.8 million in national-level finance companies.

The interest rate can be offered till 12:00 pm on August 12 to take the amount on fixed deposits. Its duration is 366 days.