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Monetary Policy | Monetary Policy Instruments | Depositing of Banks' Excess Liquidity with the National Bank of Serbia

Depositing of Banks’ Excess Liquidity with the National Bank of Serbia

Pursuant to the Decision on Terms and Conditions of Depositing Banks’ Excess Liquidity with the NBS (“RS Official Gazette”, Nos. 48/2004, 60/2007, 35/2008 and 73/2008), a bank may place its excess liquid funds on overnight deposit with the National Bank of Serbia.

Banks are given the option to transfer excess liquidity to a special account of the National Bank of Serbia earmarked for excess liquidity deposits in the RTGS system – Account No. 908-88103-91, several times during each business day, but not after the expiration of time envisaged for the exchange of payment messages, in accordance with the operative rules on real time gross settlement.

Тhе National Bank of Serbia shall transfer such deposits back to banks’ gyro accounts at the latest by 10 a.m. on the business day following the day the deposits were placed.

The National Bank of Serbia shall calculate and pay interest on excess liquidity deposits placed by banks during the previous business day by applying the rate equal to key policy rate reduced by 1.25 percentage points.

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