Kathmandu. Nepal Rastra Bank is going to raise 35 billion rupees from the market today (Monday). With more liquidity in the market, the Rastra Bank is going to raise 35 billion rupees on Chaitra 25.
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 23 days on Baisakh 17. 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 result in a minimum of 100 million and a maximum of 50 million when divided by the remaining number.
The bid for deposit collection will have to be made at the interest rate. The Rastra Bank has stated that multiple bids can be made even at multiple interest rates. The bid for deposit collection must mention the amount desired to be deposited and the interest rate (up to four digits after the decimal point).
Similarly, while allocating the amount called for deposit collection, the lowest interest rate as per the bid will be given first priority and the amount called for will be distributed sequentially up to the amount called for, and if the bid amount with the same interest rate is more than the total amount issued, it will be distributed in the H (Chabatab) budget, the Rastra Bank has stated.
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