HIMALAYAN NEWS SERVICE
KATHMANDU: Ace Development Bank, Kasthamandap Development Bank and Royal Merchant Banking and Finance have signed the deposit insurance agreement with DCGC. According to the deposit guarantee regulation, in case of bankruptcy of a financial institution, a small depositor, who has a deposit up to Rs 200,000, will be paid the total deposit amount and interest within 90 days from the date the institution goes under liquidation by DCGC.
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