NIC Pure Gold is a first-of-its-kind innovative product ever introduced by a bank in Nepal. Though there is a sizable demand of gold in Nepal, hardly any quantity is imported officially. The majority of gold consumed in Nepal is believed to be brought in through the porous border without declaration and a huge amount of Indian currency is believed to be flowing out from Nepal due to this reason. Furthermore, consumers are always uncertain of the quality of gold they are buying. With NIC Bank now importing certified 99.9% pure gold from reputed international mints/suppliers unofficial import is expected to be discouraged, contributing to increase in government revenue and ensuring assured quality to consumers & gold traders.

Under "NIC Pure Gold", NIC Bank is offering high purity (99.9% & 99.5%) gold bars imported directly from international mints. The gold, thus offered by the Bank, can be purchased by anyone including gold dealers (wholesalers and retailers), investors as well as the general public. The Bank also offers a facility to avail loans from the Bank to purchase the gold. The Bank also offers custodial service under which buyers may choose to keep the purchased gold safely in the Bank instead of taking the high risk of storing it at home.

Some distinct features of NIC Pure Gold are:

• 99.9% and 99.5% pure gold from international mint (quality certified)
• Loan available for purchase of gold against pledge of the same
• Custodial service for the gold purchased from the Bank
• Bank receipt for purchases
• Available in 100 gram (99.9% pure) and 1 Kg (99.5% pure) bars. Also, available 05gram, 08gram and 10gram Gold Medallion (99.9% Pure)
• Currently available for purchase from the Bank's New Road, Kamaladi, Lalitpur, Biratnagar, Dharan, Pokhara, Butwal and Janakpur branches