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Bankers association asks the people to make maximum use of online banking while the prohibitory order prevails

29th April 2021
"Even in the most urgent situation please call the banks first."

Nepal Bankers Association has made an appeal to the general public to only visit the banks in absolute urgent situations during the prohibitory order duration. 

The association has made this appeal to avoid having unnecessary crowds in the banks.

In lieu of the Covid 19 pandemic, the people are urged to use digital banking services and avoid cash transactions as much as possible. 

In case you have forgotten your password to your internet banking platforms or any other technical difficulties, please call your nearest branches first. 

The request has come from the association in order to support the prohibitory order put by the government to contain this second wave of Covid 19 infections.
 

Compiled by : Reviewer Raj Kapali

One bank's ATM card can be used in another bank for free

19th July 2020
"One bank's ATM card can be used in another bank for free"

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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Compiled by : Debashish S Neupane Debashish S Neupane

Banks and financial institutions will remain open from 10 am to 2 pm during the lockdown

28th April 2021
"The general public appealed to use online banking during the lockdown."

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. 

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Compiled by : Reviewer Raj Kapali