Foreign Employment Board to Invest Rs. 1.53 Billion in Fixed Deposit

The Foreign Employment Board, under the Ministry of Labour, Employment, and Social Security, has decided to invest Rs. 1.53 billion (1.5375 billion) currently held in its deposit account into a fixed deposit for one year.

The Board has set a condition that the interest rate must be above 3 percent.

Interested Class “A” commercial banks are required to submit their proposals, including the amount they wish to take and the offered interest rate, to the Board’s Economic Administration Division by 3 PM on Bhadra 22.

The application form for submission will be available on the Board’s official website.