Today, we are going to withdraw money from the market for about 6 months or 175 days.
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The National Bank has started withdrawing Rs 50 billion again today (Wednesday) after the excess liquidity in the financial system did not decrease.
The National Bank has been withdrawing money for a long period of time in recent days due to the high amount of money (liquidity) available to banks and financial institutions.
In the same vein, the National Bank is going to withdraw money from the market for about 6 months or 175 days today.
For the last three years, the National Bank has been regularly withdrawing money from the market on Sundays and Wednesdays. It is going to withdraw money on Wednesday as well.
Banks and financial institutions wishing to place money in deposit collection can bid online until 2 pm today, according to the notification issued by the National Bank.
In deposit collection, bidding can be done by dividing the minimum by 100 million rupees and the maximum by 50 million rupees, according to the notification issued by the National Bank.
The bidding for deposit collection will have to be done at the interest rate, and multiple bidding can also be done at multiple interest rates, according to the National Bank.
Only banks and financial institutions of categories 'A', 'B' and 'C' will be allowed to participate in the bidding for deposit collection instruments. The NRB notice also states that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
