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The National Bank is going to withdraw 25 billion rupees today, Tuesday, after the amount of money that can be given to banks and financial institutions (liquidity) has increased. Rastra Bank is going to withdraw the amount for 22 days through the deposit collection tool for excess liquidity management.
Rastra Bank has been regularly withdrawing money from the market on Sundays and Wednesdays. Tomorrow, Wednesday, is a public holiday, so the mentioned amount is going to be withdrawn today.
For this reason, the National Bank has called on the banks and financial institutions to participate online until 3 pm. It is mentioned in the notification of the National Bank that when dividing by 10 million rupees and maximum 5 million rupees, the remainder can be divided. Rastra Bank has stated that the negotiation of deposit collection should be done on the interest rate and multiple interest rates can also be negotiated.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in the talk of deposit collection equipment. It is also mentioned in the notification of Rashtra Bank that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
