Social Security Fund Implements New Interest Rates from Today
Summary
The Social Security Fund in Kathmandu has implemented new interest rates for the financial year 2083/84, including rates for deposits and various types of loans.
Key Points
- The Social Security Fund has implemented new interest rates for the financial year 2083/84 starting today.
- An annual interest of 3.2% will be provided on deposits under the Old Age Security Scheme and Retirement Fund.
- Special loans will carry an interest rate of 4.7% annually.
- Higher loan categories like home, educational, social work, and land purchase loans have interest rates ranging from 5.5% to 5.7% annually, with a 1% penalty interest for late EMI payments.
