June 28: Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions. Devendra Pratap Shah, CEO of Nepal Bank and Dilliram Upreti, registrar of Tribhuvan University, signed the paper amid a function held in Kathmandu on June 27.

According to the MoU, every pensioner of the university can get pension through the bank by opening a special saving account in the bank. The bank has also agreed to provide around Rs 150 million as overdraft without charging interest to the university for a maximum of 15 working days to pay the pension amount. 

The bank will also provide fifty percent discount on the charges for draft, TT, ABBS and web remit to the university.

Also, the counter service for the payment of examination fees will be made available to the students of the university at Balaju Industrial Area, Bhaktapur, Kalimati and Chabahil branches of the bank.