Nepal Rastra Bank Invites Bids to Collect Rs 30 Billion in Deposits

Nepal Rastra Bank’s Monetary Management Department has invited bids to collect Rs 30 billion in deposits for a period of 28 days, or one month.

Applications must be submitted through the central bank’s online bidding system by 3 pm today. The auction is open to licensed Class A, B and C banks and financial institutions.

Deposit collection auction details

• Amount: Rs 30 billion
• Term: 28 days
• Application deadline: 3 pm today
• Submission method: Online bidding system
• Eligible participants: Licensed Class A, B and C banks and financial institutions