Banks and financial institutions to open for fours hours in the districts including the capital where prohibitory regulations have been imposed by the government. 

In the meeting between the bankers and the National bank, it was agreed that banks will remain open from 10 am to 2 pm.

The decision may be reformed after few days depending on the number of infections and the number of customers. 

Nepal government has imposed lockdown-like prohibitions in 12 districts including Kathmandu, Lalitpur, Bhaktapur. 

The ATMs of all banks will also be operational and all the branches of banks as well. 

The branches will open strictly following the health standards, however, the general public is urged to use online transactions. 

The charges incurred while withdrawing money from another bank's ATM has been removed permanently by Nepal Rastra Bank.

Previously, NRB had decided to waive the charges temporarily during the transition period of lockdown. And, now, as per the integrated circular by the department of the payment system of NRB, the charges have been waived permanently.

Any individual holding the ATM card of a bank and financial institution can now withdraw money from any be it their respective or other Bank and Financial Institution without any charges. However, the charges may apply for international transactions.

Similarly, the users should be notified 15 days prior to the expiry of their ATM cards via text message along with the info about the renewal fees, said NRB. Also, a customer is not allowed to have multiple cards of the same Bank and Financial Institution.

 

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