NIC Bank repeats the history again by becoming the first among financial institutions in Nepal to import 99.9% pure silver granules from the international mint and making it available in the local market in 10 Kg pack after already becoming the first commercial bank to import 99.9% pure gold from the international mint.

Silver goods manufacturers / traders were facing difficulties as silver was available in huge bar of more than 31 Kg in the local market, which was not only causing difficulty to carry from one place to another but also needed huge investment for stocking it. In addition to this, they were also facing problem for cutting the bar into smaller pieces and safeguarding it. Whilst silver granule was also available in the market but its purity was said to be below 97%, which was not supporting the manufacturers for manufacturing quality products.

With the introduction of NIC Silver under the bank's products-basket, NIC Bank expects to contribute to the silver crafts and jewelries industry by providing it an easy access to pure silver granules, that's too in easy to carry pack of 10 Kg and help them to get rid of difficulties outlined above and benefit the ultimate buyers with qualitative products and value for their money.

Some features of NIC Silver are:

• 99.9% pure silver granules imported from international mint.
• Available in 10 Kg pack.
• Bank receipt for purchases.
• Loan available for purchase of silver.
• Custodial service for the silver purchased from the bank.