You are viewing the translated version of निक्षेप सुरक्षण जोखिम कोष.
Section 39
Deposit Protection Risk Fund
: (1) There will be a separate Deposit Protection Risk Fund under the fund to carry out obligations related to deposit protection.
(2) In the fund according to sub-section (1), the remaining amount after deducting the administrative expenses from the amount of the annual protection fee accumulated in the deposit protection fund will be deposited.
(3) For the purposes of sub-section (2), administrative expenses related to deposit protection shall not exceed twenty percent of the total annual deposit protection fee.
(4) The money in the deposit protection risk fund as per sub-section (1) cannot be spent for any other purpose of the fund except for the payment of claims of safe deposit or for filing research.
(5) If the amount in the deposit protection risk fund as per sub-section (1) is insufficient to pay the deposit claim, it shall be paid from the deposit protection fund as per clause (a) of sub-section (1) of section 38.
(6) If the amount to be paid for the registration of safe deposit exceeds the financial resources in the deposit protection fund as per clause (a) of sub-section (1) of section 38, the fund may take a loan from the government of Nepal or other federal institutions in accordance with the prevailing law.
(7) The interest on the loan taken from the Government of Nepal shall not exceed the rate of the ninety-day treasury bill issued by the Government of Nepal.
(2) In the fund according to sub-section (1), the remaining amount after deducting the administrative expenses from the amount of the annual protection fee accumulated in the deposit protection fund will be deposited.
(3) For the purposes of sub-section (2), administrative expenses related to deposit protection shall not exceed twenty percent of the total annual deposit protection fee.
(4) The money in the deposit protection risk fund as per sub-section (1) cannot be spent for any other purpose of the fund except for the payment of claims of safe deposit or for filing research.
(5) If the amount in the deposit protection risk fund as per sub-section (1) is insufficient to pay the deposit claim, it shall be paid from the deposit protection fund as per clause (a) of sub-section (1) of section 38.
(6) If the amount to be paid for the registration of safe deposit exceeds the financial resources in the deposit protection fund as per clause (a) of sub-section (1) of section 38, the fund may take a loan from the government of Nepal or other federal institutions in accordance with the prevailing law.
(7) The interest on the loan taken from the Government of Nepal shall not exceed the rate of the ninety-day treasury bill issued by the Government of Nepal.