Kathmandu. Kathmandu: Nepal Rastra Bank (NRB) is going to withdraw Rs 50 billion due to excessive liquidity in the banking system.

The central bank is going to withdraw money from the banking system again on Sunday using deposit collection tools. According to the NRB, the principal and interest of the 21-day deposit collection device will be paid on September 15.

Banks and financial institutions wishing to make the deposit can bid up to the total call amount, dividing it by a minimum of Rs 100 million and a maximum of Rs 50 million. According to the Rastra Bank, the bid will be held at 3 pm today.

Deposit collection will be at an interest rate. In addition, multiple bids can also be made at multiple interest rates. Only ‘A’, ‘B’ and ‘C’ category banks and financial institutions will be able to participate in the bidding of deposit collection equipment.