Student Financial Assistance Fund Development Board (SFAFDB) and Rastriya Banijya Bank (RBB) signed agreement for carrying out banking and consulting services for the administration of student financial assistance trust fund on the 21st November, 2008. RBB, hence called as Administrator, signed agreement with sub-consultants DEVTEC Nepal (P) Ltd and Research Inputs and Development Action (RIDA) for acquiring technical support in this regard.
The main objective of the task is to administer the student financial assistance program starting from awareness raising, selection of students and disbursement of financial assistance through the different branches of Rastriya Banijya Bank.
The program will be implemented throughout the country covering all community secondary and higher secondary schools. The financial support will be provided to students studying in higher secondary and higher education level after conducting Proxy Means Testing (PMT) of students studying in grade 10 and 12. The program is expected to benefit altogether 7,800 students.
Requirements for A/C opening in RBB for SFAF:
Rastriya Banijya Bank Limited
Central Office Singhadurbar Plaza, Kathmandu
SWIFT Code: RBBANPKA
Phone No: +977-1-5970018
Toll Free No: 16600132022