KATHMANDU: Nepal Rastra Bank (NRB) will withdraw Rs 90 billion on Sunday through an online deposit auction, as excess liquidity persists in the financial system, which currently holds over Rs 7.4 trillion.

Only authorized ‘A’, ‘B’, and ‘C’ class banks and financial institutions can participate.

Bids will determine the interest rate, with amounts offered in multiples of Rs 100 million up to Rs 500 million.

Principal and interest will be payable on December 7.

NRB has repeatedly used such deposit collection instruments to manage long-term liquidity and stabilize market interest rates.