सिंहदरबार संवाददाता
Kathmandu. The Public Debt Management Office has issued citizen savings certificates worth Rs 3 billion and foreign employment savings certificates worth Rs 500 million to raise government debt. The office has issued a notice today and provided information regarding the issuance of ‘Citizen Savings Certificate-2086’ and ‘Foreign Employment Savings Certificate-2086’.
The office has stated that seven percent interest will be provided on five-year citizen savings certificates and eight and a half percent interest on foreign employment savings certificates.
It is stated that the sale of savings certificates will be open from this Falgun 15 to the coming Chaitra 15 and will be closed if applications equal to the amount issued are received before that period.
The interest on these savings certificates will be paid directly to the bank account of the concerned buyer every six months. The office has stated that purchases can be made at the number that is left over when dividing the total issued amount by 10,000 without exceeding the minimum limit of 10,000 and the maximum limit. The first applicant will be allowed to purchase first.
When the general public is aware of the investment to be made in savings bonds, applications are received that are lower than the issued amount. Earlier, applications were received for the purchase of savings bonds equal to only about 12 percent of the Foreign Employment Savings Bond, 2086 (A), which was issued by the office since November 12.
The interest rate of government equipment savings bonds, which provides attractive returns in an easy and secure manner, is two to two and a half percentage points higher than the interest rate currently being offered by banks and financial institutions on fixed deposits. It is considered a safe investment as the government guarantees the principal.
In addition, the interest on savings bonds is deposited directly into the buyer’s bank account every six months. Loans can be taken from banks and financial institutions by keeping it as collateral.
These savings bonds can be easily traded through the DOMS system and investor portal operated by the Public Debt Management Office.
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