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Today (Wednesday), the National Bank has issued a deposit collection notice to withdraw 30 billion rupees 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 21 days through the deposit collection tool for long-term excess liquidity management. Banks and financial institutions who want to deposit money in Rashtra Bank through the deposit collection tool will have to register online by 3 pm today. Banks and financial institutions have been invited. In the
notice, it is mentioned that a minimum of 100 million rupees and a maximum of 5 billion rupees can be divided so that the remainder is divided. The Rastra Bank has stated that the negotiation of deposit collection will 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 deposit collection device. The Rashtra Bank notification also mentions that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
