Nepal Rastra Bank (NRB) has set some limitations for digital transactions through the integrated directive on the payment system. The limitations on digital transactions via e-wallets, mobile/ internet banking, and cards have been set.
Limitations for e-Wallets
As per the new arrangements, fund transfer limits for e-wallets have been set as:
S. No. |
Fund Transfer |
per transaction |
per day |
per month |
1 |
Agent or Sub-agent to the wallet |
- |
25,000 |
100,000 |
2 |
Bank to Wallet |
25,000 |
100,000 |
500,000 |
3 |
Wallet to other Bank |
25,000 |
100,000 |
500,000 |
4 |
Wallet to wallet |
25,000 |
100,000 |
500,000 |
NRB stated that no limit will be imposed while transferring money from an e-wallet to one's own account. In addition, the payment service provider will not be allowed to charge any fee to the customer for the transactions made through point of sale (POS) machine from the merchants of department stores, hotels, shops, etc.
Limitations for Mobile and Internet Banking
As per the new arrangements, limitations for transactions via Mobile and Internet Banking have been set as:
S. No. |
Instruments |
per day |
per month |
1 |
QR Code |
100,000 |
10,00,000 |
2 |
Merchant Payment |
10,00,000 |
30,00,000 |
3 |
Account Transfer |
10,00,000 |
50,00,000 |
However, no limit will be imposed on various types of payments such as taxes, revenue, fines, vehicle fees, registration, and service fees to be paid at the concerned office of the Government of Nepal. Also, no limit will be imposed on the payment of electricity service, telecommunication service, drinking water service, insurance premium, and social security allowance; bill payment for educational institutions, health institutions, air services, transport services, hotels, and restaurants.
Limitations for Card Payments
The limitations set as per the new arrangements for transactions via cards have been set as:
S. No. |
Instrument |
per transaction |
per day |
per month |
1 |
Prepaid Card |
25,000 |
- |
- |
2 |
Debit Card |
25,000 |
100,000 |
400,000 |
3 |
Kiosk Card |
- |
25,000 |
50,000 |
4 |
NFC Card |
25,000 |
- |
- |
The credit cards, generally, cannot be used for cash transactions; but, in case of emergency, the customer is allowed to withdraw up to 10% of the amount of credit card. Prepaid cards can be issued by banks and financial institutions up to a maximum of Rs 100,000 and by payment service providers up to a maximum of Rs 25,000.
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Compiled by :
Prativa Parajuli