Nepal Rastra Bank has introduced a contributory pension system by amending its Employee Bylaw 2002. The scheme applies to permanent staff recruited through open competition notices published after July 17. Under the new plan, six percent of an employee’s monthly salary will be deducted, with the bank contributing an equivalent amount to a separate fund. Employees who serve 20 years or longer may choose between a monthly pension or a lump-sum payment. Those leaving before completing the required tenure will receive the full accumulated amount—along with interest and profit—except individuals dismissed in ways that bar them from future NRB employment.
