Nepal Rastra Bank Increases Limits On Digital Transactions in The Wake of COVID-19

eSewa

Nepal Rastra Bank (NRB), the central bank of Nepal has come up with a new directive with the increased transaction limits on Mobile Banking, Internet Banking, and Digital Wallets.  As the risk of infection with the Corona Virus (nCOV-19) increases using different rupee notes, Nepal Rastra Bank has increased the limits to encourage people for making digital transactions, online transactions.

Transaction Limits on Mobile Banking

Here’s a new directive from Nepal Rastra Bank:

Updated limits on Mobile & Internet Banking

Method of Transaction Daily Limit Monthly Limit
Mobile Banking & QR Code Payment Rs 1 Lakh Rs 10 Lakhs
Internet Banking (Merchant Payment) Rs 10 Lakhs Rs 30 Lakhs
Internet Banking (Account Transfer) Rs 10 Lakhs Rs 50 Lakhs

Updated limits on Digital Wallets:

Fund Transfers/ Payments Per Transaction Daily Limit Monthly Limit
Agent/Sub Agents to Wallets Rs 25,000 Rs 1 Lakh
Bank to Wallets Rs 25,000 Rs 1 Lakh Rs 5 Lakhs
Wallets to Banks Rs 25,000 Rs 1 Lakh Rs 5 Lakhs
Wallets to Wallets Rs 25,000 Rs 1 Lakh Rs 5 Lakhs