Customers can now transfer Rs 2 lakhs per day through mobile banking (including QR code) and Rs 20 lakhs per day via internet banking.
KATHMANDU, SEPTEMBER 15
The Nepal Rastra Bank on Wednesday issued the 'Unified Directive on Payment System-2078', which relaxes daily transaction cap for digital payments.
The new directives to be brought under implementation by the Central Bank serves to increase the limit for transactions made through mobile and internet banking and maximum limit for remittances through e-wallets.
Pursuant to the Unified Directive on Payment System - 2078, customers can now transfer Rs 2 lakhs per day through mobile banking (including QR code) and Rs 20 lakhs per day via internet banking.
Previously, daily transaction limit through mobile banking was Rs 1 lakh which has now been doubled.
Likewise, remittance limit from a bank account to a mobile wallet has been fixed at Rs 50,000 from Rs 25,000. Moreover, the remittance cap from wallet to other bank accounts has also been hiked to Rs 50,000 per transaction.
The service providing banks and financial institutions can now only charge Rs 10 per transaction upto Rs 50,000 while transactions upto Rs 3000 can be made for Rs 5.
Similarly, the financial institutions can charge a maximum of Rs 20 for transactions ranging from Rs 50,001 to Rs 100,000 and for transactions exceeding Rs 100,000, Rs 30 per transaction will be taken.