Nepal Rastra Bank Directs Financial Institutions to Facilitate Opening of Bank Accounts for Election Purposes
Summary
Nepal Rastra Bank has instructed banks and financial institutions to facilitate the opening of bank accounts for election purposes, allowing political parties and candidates to manage their campaign finances separately.
Key Points
- Nepal Rastra Bank directed banks and financial institutions to open bank accounts for election purposes.
- The directive follows a request from the Election Commission.
- Accounts can be opened on recommendation of Provincial and District Election Offices.
- Separate accounts are to be opened for every political party and their candidates, including independent ones.
