NRB issued new circular on electronic payments

Jun Sat 2020 07:42:45

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NRB issued new circular on electronic payments

Nepal Rastra Bank has issued new instructions for payment of electronic system. The directive has made provision for electronic payment up to Rs 1 million. The move by NRB, which has been simplifying and simplifying the electronic payment system due to the corona virus, will facilitate share trading. The Nepal Securities Board (NSB) had requested to facilitate electronic payment as per the daily share trading limit, saying that there was a complication due to the limit on electronic payment. Accordingly, NRB has issued a directive to make electronic payment up to Rs 1 million. According to the NRB, when transferring money from one bank account in the name of a person to another account in the same person in the name of the same person, government taxes, revenue, vehicle fees, registration and service charges, payment and receipt of various fees, electricity service, telecommunication service, drinking water service, Payment and Receipt of Insurance Premium Social Security Allowance Payment and Receipt of Payment of Bills as per Bill to be paid for Educational Institutions, Health Institutions, Air Services, Transport Services, Hotel and Restaurant Services, Securities Trading And there is no limit to take from the customer and the customer will not be limited to mobile banking.

Payment of share transaction, school fee, internet service, revenue, fine, vehicle fee, registration and other services can be made through mobile banking up to Rs 1 lakh daily and up to Rs 1 lakh monthly. Up to Rs 1 million per day and up to Rs 3 million per month can be paid through internet banking and Rs 1 million per day and Rs 5 million per month can be transferred.