Banks and financial institutions should inform the NRB within 7 days about new services

Dec Thu 2021 11:32:49

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Banks and financial institutions should inform the NRB within 7 days about new services

Kathmandu. Nepal Rastra Bank (NRB) has stated that banks and financial institutions should now submit information of new services to the NRB within seven days. Rashtra Bank on Thursday issued A.P. It is stated that such arrangement has been made by amending the provision in Schedule 10.1 of 10/078.

As per the provision amended by the NRB, now the banks and financial institutions have to inform the NRB within seven days from the date of operation of the branchless banking business and the location of the ATM machine. Amending the said provision, the NRB has stated that the Unified Directive on Payment System-2078, issued on 2078/05/29 to the institutions working on the payment permitted by this bank. Direction no. As the following has been amended in Schedule 10.1 of 10/078A, this instruction has been issued using the right given by Section 45 of the Payment and Forwarding Act, 2075 to do / be done accordingly.

Similarly, according to the amended provision, various electronic card usage, e-banking transactions, successful or unsuccessful transactions of payment service providers, customer details, agent details, details of cash transactions from credit card and prepaid cards, transaction details from clearing house etc. Details must be submitted to NRB within seven days of the end of the month.