In addition to the new year’s special offer, the bank is offering a 0.25% discount on the service charge for both of these loan schemes for female home/business owners for a limited time. According to the media statement, borrowers can also receive up to 100% of the cost of the home/building as a loan for a maximum of 30 years, as well as a special discount on the service fee.
According to the media statement, the bank will provide loans for entrepreneurs with the best valuation of property, loan amount disbursed beforehand, and an attractive discount on in-service charge.
Dolti Power Company Limited has distributed IPO shares to Dailekh District residents affected by the project. The allotment program came to an end on Chaitra 20, 2079.
The company’s issued capital is Rs. 53.64 crores, of which 10%, or 536,486 unit shares worth Rs. 5.36 crores, were allocated to project-affected Dailekh District residents. Meanwhile, 20% of the company’s issued capital, or 10,72,972 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 107,298 units, were reserved for Nepalese citizens working abroad. The problem had begun on the 8th of Falgun, 2079.
Today’s gold price has fallen by Rs. 600 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 108,600 per tola. Yesterday, the rate remained unchanged at Rs. 109,200 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,100. In contrast, the rate was kept at Rs. 108,700 per tola yesterday.
Sagarmatha Jalvidyut Company Limited’s initial public offering (IPO) was completed today at Prabhu Capital Limited’s Kamaladi headquarters.
Out of the total 43,68,000 units authorized for the general public, 10%, or 436,800 units, have already been issued and distributed to Nepalese people working abroad, 5%, or 218,400 units, have been put aside for mutual funds, and 3%, or 131,040 units, have been set aside for firm workers.
The remaining 35,81,760 units were distributed to the general population between the 8th and 12th Chaitra, 2079.
Following the IPO, the company’s paid-up capital will be Rs. 1.12 Arba. Moreover, the promoter-public share ratio would be 51: 49.
The problem has received 13,93,153 genuine applications.
Modi Energy Limited is closing the issue of 29,00,000 units of IPO shares to the project-affected locals today i.e. on 16th Chaitra 2079. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been allocated to project-affected Parbat District residents. Meanwhile, 15% of the company’s issued capital, or 43,50,000 unit shares, will be made available to the general public later. This public issue, which closed on the 9th Chaitra, allocated 10% of the shares totaling 435,000 units to Nepalese citizens working abroad.
Today’s gold price has risen by Rs. 500 in the domestic market.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 108,500 per tola. Yesterday, the rate remained unchanged at Rs. 108,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,000. In contrast, the rate was kept at Rs. 107,500 per tola yesterday.
Today’s gold price has dropped by Rs. 1000 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 108,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,500. In contrast, the cost was kept at Rs. 108,500 per tola yesterday.
Silver has lost Rs. 5 per tola on the sidelines. The gleaming white gold is now trading in the local market at Rs. 1,355 per tola, down from yesterday’s closing cost of Rs. 1,360 per tola.
City Hotel Limited has issued an offer letter to Nepalese citizens working abroad and the general public in preparation for its Initial Public Offering (IPO).
From the 21st Chaitra, 2079, the company will issue 1,67,400 unit shares of Rs 100 face value to Nepalese citizens working abroad. This issue will be closed on the 5th of Baisakh, 2080.
Similarly, on the 25th of Baisakh, 2080, the company will issue 13,55,940 unit shares with a face value of Rs 100 to the general public.
This issue’s early closing date is on 28th Baisakh, and if it is not fully subscribed, it can be extended until 8th Jestha, 2080.
You need to renew your driving license in Nepal every 5 years and it can be done through any Transport Management office.
Even though there are only a few steps to license renewal in Nepal, it almost takes 2 to 3 hours.
As offices are closed on weekends and so is the DOTM Nepal most of us need to take half a day or take leave from work just to renew our license.
This is also one of the main reasons why people get fined and have to pay late renewal fees.
Service
Driving License Renewal in Nepal
Issued By
Department of Transport Management
Validity
5 Years
Renewal Fee
Rs 1500
Fine After
90 days or more
Payment Methods
Cash
Application Mode
Offline
Official website
https://www.dotm.gov.np/
To renew your driving license in Nepal you will need to visit the Department of Transport Management office and follow the process below.
Receive token and EDL print
Provide Biometrics
Pass medical checkup
Calculate your fees
Payment
Receive receipt (Wait for license print)
As you already know Nepal has started implementing smart driving licenses including an option to upgrade for existing license holders.
This has hugely impacted DOTM’s printing and distribution timing, some are still waiting for their license after a year, so you might have to wait a little longer to receive your driver’s license.
But you will receive a receipt that can be used as a replacement until you receive your original renewed license.
Documents required to renew a driving license are
Citizenship original and photocopy
License original and photocopy
Step-by-Step Guide process to renew License in Nepal 2023
1. Receive token and EDL print
The first step is to take a token number for your license renewal, this is the waiting list. And receive your EDL print (license information) from room 101.
The room number might be different for different cities and offices.
2. Provide Biometrics
The second step is to give or verify your digital biometrics, if you have given your biometrics to DOTM then they will verify your digital fingerprint and if your information matches. You will be sent to the next step.
3. Medical checkup
The third step is to pass your medical, which is usually an eyesight and color blindness test. They will check if you can see properly or not.
If you fail this test then you might need to wear glasses and come back later.
4. Calculate your license fees
The fourth step is to calculate how much you need to pay to renew your license. This depends on your license type and if you are paying on time or not.
If you have to pay for renewal before 90 days of expiry then you do not have to pay a fine but if this exceeds then you will be fined. Check the table below for fines and fees.
5. Payment
The fifth step is to pay your fees, you need to fill out a bank voucher and deposit it.
6. Receive a receipt
After paying you need to wait for the receipt. After it is ready they will call you by name and give it to you.
You will receive two receipts. One is payment and the other (Pink) can be used as a license.
After this, you can go home, and to check your license print status you can check their official website.
About License Renewal fees in Nepal
The Department of Transport Management charges renewal fees to all Nepalese license holders after the expiry date.
As of 2023 Driving license renewal charges in Nepal start from Rs 1500 for two-wheelers, 2000 for small vehicles such as Cars and Jeeps, 2500 for heavy vehicles, and the highest will be Rs 3000.
These renewal fees are divided into categories of vehicles see the image below for more information.
How much is the fine for an expired license in Nepal?
The validity of your license in Nepal is of 5 years only and if you want to keep using it then you need to renew it accordingly.
If you fail to renew your license on time then you will have to pay a fine as high as 500% plus your actual renewal fees.
If you fail to renew your license within 90 days of expiry, you will be charged 100% until the first year and will keep on adding 100% as the year passes by.
How much is the fine for an expired license in Nepal?
You need to pay a fine of 100% to 500% in Nepal if you fail to renew your license on time.
After how many months will I have to pay fines for an expired license in Nepal?
The Department of Transport Management starts charging fines for driver’s licenses after 3 months or 90 days of their expiry.
Frequently Asked Questions on License Renewal
How much does it cost to renew a license in Nepal in 2023?
The entry fee for renewing a license in Nepal is Rs 1500, excluding other charges such as photocopies, photos, stamps, and application charges.
The cost of renewal depends on what type of license you own such as Bike, Car, and Big vehicle.
What happens if a driving license is expired?
If your license is expired, then you cannot drive in public spaces. Unless you renew your license and pay the government the renewal fee. Also if you are caught driving without a license then you will be fined and might get other punishments as well.
How to renew a driving license in Nepal?
Visit DOTM and follow the steps below to renew a license in Nepal.
1. Receive token and EDL print
2. Provide Biometrics
3. Pass medical checkup
4. Calculate your fees
5. Payment
6. Receive receipt (Wait for license print)
Can I renew my driving license online in Nepal?
Yes, you can renew your driving license online, visit the DOTM’s official website dotm.gov.np for more information and the application process.
Where can I renew my license in Kathmandu?
You can renew your license from The Department of Transport Management office in Kathmandu.
Where can I renew my license in Pokhara?
You can renew your Driving license from DOTM which is located in the Transport Management Office: Driving License, Prithivi Chowk, Pokhara
Do I need to pay fines for an expired license in Nepal?
You have 3 months or 90 days after your license expires, after this period you will be fined 100% for the first year.
What is the maximum validity of a license in Nepal?
In Nepal, the maximum validity of a Driving License in Nepal is of 5 years.
What document do I need to renew my license in Nepal?
Documents you need to renew your license in Nepal are a citizenship certificate, an expired driving license, and photographs.
Can I renew my license early in Nepal?
Yes, you can renew your driving license early in Nepal.
How to check the status of driving license renewal in Nepal
It is easy to check the status of your license, you can check it on your driver’s license. It has all the information including the expiry date.
How to renew a driving license that has expired more than 90 days in Nepal
You can renew your driving license as usual but as it has exceeded more than 90 days, you will be charged a 100% fine for it.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300. In contrast, the rate was kept at Rs. 108,500 per tola yesterday.
Makar Jitumaya Suri Hydropower Company Limited has distributed IPO shares to project-affected Dolakha District residents and Nepalese citizens working abroad. The allotment program ended on Chaitra 9, 2079.
The company’s issued capital is Rs. 76 crores, of which 10%, or 7,60,000 unit shares worth Rs. 7.6 crores, were allocated to project-affected Dolakha District residents (Locals of Gaurisankhar gaupalika and Bigu gaupalika). Meanwhile, 20% of the company’s issued capital, or 15,20,000 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 152,000 units, were reserved for Nepalese citizens working abroad. The issue had begun on the 15th of Magh, 2079.
Modi Energy Limited is closing its IPO issue to Nepalese citizens working abroad today, 9th Chaitra, and has extended the IPO issue deadline for project-affected locals until 16th Chaitra, 2079. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been distributed to project-affected Parbat District residents. Meanwhile, 15% of the company’s outstanding capital, or 43,50,000 unit shares, will be made available to the general public later. This public offering, which will conclude today, has reserved 10% of the shares totalling 435,000 units for Nepali people working overseas.
