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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Nabil has also initiated a step towards a cleaner environment by launching ‘Nabil eAuto Loan’ scheme. With this scheme, the company will provide financing of up to 80% with an interest rate of 9.59% per annum.

Attractions:

Interest rate: Base rate (plus) 1.50% premium

Financing up to 80%

Loan tenure up to 7 years

 

 

For more info: Please visit Nabil Bank's Website or call 01-4221718, 01-4227181

 

With the motive to minimize the spread of Corona Virus (COVID-19), the electronic mediums of financial transactions have been made easier and efficient by Nepal Bank Limited by making the withdrawal of the large sum of money through RTGS System free of charge until the further notice starting from 2076/12/10 (March 23^rd)

Similarly, all the banks and financial institutions have already waived the electronic transaction fee. Hence it is requested to use the electronic medium for the effective and efficient medium of payment and not use the cash transaction as much as possible.

Cash can be a big source for spreading Corona Virus (COVID-19) as we don't know from where it comes and how it was stored. Being careful and taking precautions firsthand is advised. Wash hand after touching any foreign object including cash with soap and water. Use the electronic payment as much as possible instead of cash transactions.

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Khalti Digital Wallet has started cooperation with Nepal Bank Limited, the oldest bank in the country. In addition, customers of 'Khalti' wallet will now be able to load cash in the mobile wallet using Nepal Bank's mobile banking and internet banking services.

It has been said that the customers of Khalti Digital Wallet can add their account in Nepal Bank and pay for goods and services directly without loading cash in the pocket. A program was organized at the central office of Nepal Bank to sign the agreement for cooperation between the two organizations.

 

It was signed by Director Amit Agrawal and Chief Business Development Officer Sadit Ghimire on behalf of Khalti and Chief Executive Officer Krishna Bahadur Adhikari and Assistant Chief Executive Officer Laxman Poudel on behalf of Nepal Bank.

With the cooperation with Nepal Bank, the number of banks that can directly pay for the purchase of goods and services by connecting the wallet has reached four. Earlier, only customers of NIC Asia Bank, Laxmi Bank and Muktinath Development Bank were able to make direct payments by linking the wallet to a bank account.

 

Director of Khalti, Amit Agrawal, said that they are proud that the country's oldest bank has trusted the youngest digital wallet. He said, "It is a great honor for us to be able to collaborate with Nepal Bank”.

Agarwal said that the customer would not have to bother to load cash in the wallet as the payment can be made directly through the wallet after linking the bank account with the pocket. Pocket Digital Wallet has recently emerged as a popular payment gateway in Nepal.

 

There are services like mobile recharge, electricity and water bill payment, internet and DTH bill payment, movie ticketing, plane ticketing, events ticketing, hotel booking, payment through e-commerce, payment of daily newspaper subscription using pocket wallet. Currently, the number of pocket users has reached more than 1.3 million.

 

 

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When one bank's ATM card is used in another bank's ATM machine, there is no charge. Announcing the monetary policy for the current fiscal year 2077/78, Governor, Maha Prasad Adhikari has announced that no money will be spent on another ATM as long as Covid-19 is in effect.

Similarly, it is mentioned in the policy that there will be an interconnection between the transactions of banks and financial institutions. The policy has also announced to make arrangements to provide the required customer identification (Know Your Customer) to the banks and financial institutions in an integrated manner.

However, since the outbreak of the coronavirus, there has been no provision for using one bank's ATM in another bank's ATM machine. But as the lockdown eased, banks on Thursday shut down another bank's free ATM facility.

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