Chapter 8 Relation with Government of Nepal

Section 71: Deposit Collection

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1) The Bank shall accept the deposits of the Government of Nepal or other bodies prescribed by the Government of Nepal.

2) While accepting deposits pursuant to sub-section (1), the Bank shall receive and disburse monies, keep accounts therein, and provide banking services related thereto.

3) The Bank may authorise commercial banks and other financial institutions to conduct the transaction as referred to in sub-section (2), subject to the terms and conditions prescribed by the Bank.

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Section 71: Deposit Collection

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