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The National Bank is going to withdraw 35 billion rupees again on Monday after increasing the amount of money that can be given to banks and financial institutions (liquidity).
As there is more money (liquidity) than required in the market, the National Bank is going to withdraw the mentioned amount today to reduce it and fix it (management).
For about one and a half years, Rastra Bank has been regularly withdrawing money from the market twice a week on Sunday and Wednesday through deposit collection equipment. But since Sunday is a public holiday, money is going to be withdrawn today instead of yesterday.
Rastra Bank has said that it is going to withdraw the amount for 23 days through the deposit collection tool for more liquidity management . For this, it is mentioned in the notice that the National Bank has invited the banks and financial institutions to conduct an online consultation till 3 pm today.
It is mentioned in the notification that banks and financial institutions who want to deposit money in Rashtra Bank through the deposit collection device can be divided by a minimum of 10 million rupees and a maximum of 5 million rupees. Only 'A', 'B' and 'C' category banks and financial institutions are allowed to participate in deposit collection instruments. The deposit collection device purchased in this way can be used as collateral in other banks and financial institutions.
Rastra Bank has said that the negotiation of deposit collection will be done on the interest rate and multiple interest rates can also be negotiated on multiple interest rates.
