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Money piled up in banks, NRB withdrawing 25 billion rupees on Sunday

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Kathmandu. Nepal Rastra Bank is going to raise 25 billion rupees from the market today (Sunday). After there is excess liquidity in the market, the Rastra Bank is going to raise 25 billion rupees on Chaitra 17.

The banks will get back the principal and interest of 25 billion rupees that the Rastra Bank is going to raise for a period of 21 days on Baisakh 7. 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 bidding for the collection of deposits should be done at the interest rate. In addition, bidding can also be done 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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