NRB Launches Rs. 100 Billion Deposit Collection Drive

Nepal Rastra Bank (NRB) has announced that it will collect Rs. 100 billion in deposits from banks and financial institutions through a competitive bidding process on Wednesday. According to the central bank, the deposits will be collected for a period of 91 days, with the online bidding scheduled to take place at 3:00 PM. The interest rate will be determined through the bidding process. Financial institutions can place bids starting from a minimum of Rs. 10 crore, while the maximum bid amount must be in multiples of Rs. 5 crore, up to the total issue size. Multiple bids are permitted within the announced limit. Only licensed Class ‘A’, ‘B’, and ‘C’ banks and financial institutions approved by NRB are eligible to participate. The central bank will return the deposits along with accrued interest on October 14, 2026 (Ashoj 28, 2083).