Nepal Rastra Bank is going to withdraw 50 billion rupees from the market today (Wednesday).
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Rastra Bank is going to withdraw the amount for 25 days through deposit collection device for excess liquidity management. After the continuous increase of loanable amount (liquidity) in banks and financial institutions, the mentioned amount is about to be withdrawn for the management.
To withdraw money from the market, the National Bank has invited banks and financial institutions to communicate online till 3 pm today. It is mentioned in the notice of the Rashtra Bank that when dividing by a minimum of 10 crores and a maximum of 5 crores, the remainder can be divided.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in deposit collection device. The National Bank has also said that the deposit collection equipment 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.
