Banks and financial institutions wishing to place funds in the deposit collection will be able to bid online until 3 pm today.
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Nepal Rastra Bank is going to withdraw 40 billion rupees today through deposit collection equipment. The Rastra Bank has stated that it is going to withdraw 40 billion rupees for 56 days after the amount (liquidity) that can be lent to banks and financial institutions is high.
For the last three years, the Rastra Bank has been withdrawing money from the market regularly twice a week on Sundays and Wednesdays. In the same vein, it is going to withdraw money from the market today as well.
According to the notice issued by the Rastra Bank, banks and financial institutions that want to place money in deposit collection can bid online until 3 pm today. Only banks and financial institutions of category 'A', 'B' and 'C' will be allowed to participate in the bidding for deposit collection equipment. The Rastra Bank has also stated that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
According to the Rastra Bank's notice, bidding can be done by dividing the remainder by a minimum of 100 million and a maximum of 50 million rupees for investment in deposit collection equipment. The bid for deposit collection will have to be made at the interest rate. The notification issued by the National Bank states that multiple bids can be made even at multiple interest rates.
