 The monastery, dedicated to St Nicholas the Wonderworker, lies at the end of the village of Psača, 3 km from the Kumanovo – Kriva Palanka Road, in Rankovce Municipality.It belongs to the diocese of Osogovo-Kumanovo of the Macedonian Orthodox Church.The monastery church, the only remaining part of the original monastic complex, was erected around 1354 by Sevastokrator Vlatko and his father Grand Duke Paskač, nobles of the Serbian Empire.