Deposit and Credit Guarantee Fundनिक्षेप तथा कर्जा सुरक्षण कोष

What does it do?

• “It is a system that protects depositors against the loss of their guaranteed deposits placed with banks and financial institutions (BFIs) in the case of unlikely event of the BFIs failure.” dcgf.gov.np Introduction
• “The coverage of deposit guarantee is limited to Rs 5,00,000 per natural individual depositors per member institution applicable on a combination of saving and fixed deposit.” dcgf.gov.np Introduction
• Established to guarantee deposits held in member institutions and loans made by them; deposits of banks and financial institutions licensed by Nepal Rastra Bank to collect deposits are to be guaranteed only by the Fund. giwmscdnone.gov.np Deposit and Credit Protection Fund Act 2073, s.3(1) and s.4

Which law set it up?

What the law says is summarised with section numbers, not quoted, because text copied from the official PDFs is not reliable.

Law

Deposit and Credit Protection Fund Act, 2073निक्षेप तथा कर्जा सुरक्षण कोष ऐन, २०७३

Section

Section 3(1) (कोषको स्थापना); s.5 makes it an autonomous body corporate; s.62 deems the Deposit and Credit Guarantee Corporation (Pvt.) Ltd., registered under the Companies Act 2063, converted into the Fund

Official text

lawcommission.gov.np

History

“Deposit And Credit Guarantee fund (DCGF), established under prevailing Companies Act, 2021, on 20th September, 1974 in the name of Credit Guarantee Corporation under the initiation and equity participation of Nepal Rastra Bank(Central Bank of Nepal), Rastriya Banijya Bank and Nepal Bank Limited” dcgf.gov.np What We Do, opening paragraph

Who leads it and who oversees it?

Head

Ghanshyam Upadhyaya, PhD, Chairman (Finance Secretary, Finance Ministry) dcgf.gov.np Checked 2026-10-16

Falls under

No official source found stating that it is under a ministry. The Act says: 'Ministry' means the Ministry of Finance; the Fund must keep contact with the Government of Nepal through the Ministry and submit its annual report to the Ministry within six months of the end of each fiscal year, with a copy to Nepal Rastra Bank (Deposit and Credit Protection Fund Act 2073, s.2(ट), s.61 and s.60). Under s.6(2) of the Act, the Government of Nepal holds 90 per cent of the Fund's paid-up capital and Nepal Rastra Bank 10 per cent.

Website

dcgf.gov.np

What could we not establish?

• The board page shows the '(Member Secretary and CEO)' slot with no name, the Message from CEO page is empty, and the management page starts with a Deputy Chief Executive Officer (Usha Poudel). The CEO is not identified, so the head recorded is the board Chairman.सञ्चालक समितिको पृष्ठमा सदस्य सचिव तथा प्रमुख कार्यकारी अधिकृतको स्थानमा नाम छैन, प्रमुख कार्यकारीको सन्देश पृष्ठ खाली छ, र व्यवस्थापन पृष्ठ उपप्रमुख कार्यकारी अधिकृत उषा पौडेलबाट सुरु हुन्छ। प्रमुख कार्यकारीको पहिचान नभएकाले यहाँ सञ्चालक समितिका अध्यक्षलाई प्रमुखका रूपमा अभिलेख गरिएको छ।
• The Introduction page says the board has 'six from the government and one from Nepal Rastra Bank'; the current board page lists fewer named members. Not reconciled.परिचय पृष्ठले सञ्चालक समितिमा सरकारबाट छ जना र नेपाल राष्ट्र बैंकबाट एक जना रहने भन्छ; हालको सञ्चालक समिति पृष्ठमा नाम भएका सदस्य कम छन्। यो अन्तर मिलान गरिएको छैन।
• The Nepali name is taken from the Act title; the DCGF pages fetched are in English.नेपाली नाम ऐनको शीर्षकबाट लिइएको हो; प्राप्त गरिएका कोषका पृष्ठ अंग्रेजीमा छन्।