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Monday, September 27, 2021
    Nepal Breaking NewsEconomy | FinanceLimits on digital transactions are eased under the Unified Directive on Payment...

    Limits on digital transactions are eased under the Unified Directive on Payment Systems 2078

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    The ‘Unified Directive on Payment System – 2078’ was released by Nepal Rastra Bank. The central bank has increased the maximum limit for done using mobile and internet banking, as well as the maximum limit remittances made through electronic wallets, as a result of the decision.

    The new guideline allows for of up to Rs 2 lakhs per day using mobile banking (including QR codes) and up to Rs 20 lakhs per day via internet banking.

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    Previously, could only handle up to Rs 1 lakh day. Similarly, the per-transaction limit remittances from a to a mobile wallet has been enhanced from Rs 25,000 to Rs 50,000. The maximum amount that can be transferred from the wallet to other bank accounts has also been raised to Rs 50,000 per transaction.

    Meanwhile, wallet transfers of up to Rs. 1 lakh can be completed in a single day, which is unchanged from the previous time.

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    Customers would be charged a maximum of Rs. 10 per transaction up to Rs. 50,000 by banks and institutions, with up to Rs. 3000 costing only Rs. 5. They would also be authorised to charge a maximum of Rs 20 transactions between Rs 50,001 and Rs 100,000, and Rs 30 for transactions over Rs 100,000.

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