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The National Bank is going to withdraw 40 billion rupees again on Sunday as the amount of money that can be given to banks and financial institutions (liquidity) has increased. As the liquidity is high, Rasht Bank is continuously withdrawing money from the market two days a week on Sunday and Wednesday for management.
Rastra Bank is going to withdraw the amount for 21 days through the deposit collection tool for excess liquidity management. The National Bank has issued a notice to keep money in the National Bank through deposit collection.
For this purpose, the National Bank has invited the banks and financial institutions to participate online till 3 pm today. It is mentioned in the notification of Rashtra Bank that when dividing by a minimum of 1 million rupees and a maximum of 5 million rupees, the remainder can be divided. Rastra Bank has stated that the negotiation of deposit collection will be done on the interest rate and multiple negotiation can be done on multiple interest rates as well.
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.
