Sanima, NMB and Siddhartha Bank Employees Receive Two Months’ Salary as Advance Bonus
Summary
Employees of Sanima, NMB, Siddhartha, and Jyoti Bikash Banks received advance bonuses from last fiscal year's profits, with some getting two to three months' salary as bonuses.
Key Points
- Employees of Sanima Bank, NMB Bank, and Siddhartha Bank received advance bonuses equivalent to two months’ salary.
- Jyoti Bikash Bank employees received an advance bonus equivalent to three months’ salary from last fiscal year's profits.
- Banks distribute partial bonuses after fiscal year end, with remaining bonuses paid post Nepal Rastra Bank approval.
- The Bonus Act mandates profit-making establishments to allocate 10% of net profits from the fiscal year for employee bonuses.
