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The National Bank is going to withdraw 25 billion rupees today, Sunday, as 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 21 days through the deposit collection tool for excess liquidity management.
In recent months, the National Bank has been regularly withdrawing money from the market on Sundays and Wednesdays. At the same time, the mentioned amount is going to be withdrawn today.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in deposit collection device. 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.
For this purpose, the National Bank has invited the banks and financial institutions to participate online until 3:00 p.m. It is mentioned in the information of the National Bank that when dividing by a minimum of 1 crore and a maximum of 5 crore rupees, the remainder will 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.
