Kathmandu. Nepal Rastra Bank is going to raise 35 billion rupees from the market today (Wednesday). Due to excess liquidity in the market, the Rastra Bank is going to raise 35 billion rupees on Baisakh 24.
The banks will get back the principal and interest of 35 billion rupees that the Rastra Bank is going to raise for a period of 21 days on Jestha 14. The bank has stated that banks and financial institutions of category A, B and C can keep deposits with the Rastra Bank equal to the number of digits that remain after dividing by a minimum of 100 million and a maximum of 50 million.
The Rastra Bank has stated that the bid for deposit collection should be made at the interest rate. In addition, bids can also be made at multiple interest rates. According to the National Bank, while distributing the amount called for deposit collection, the lowest interest rate will be given first priority and distributed sequentially up to the amount called for.
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