Nepal Rastra Bank Directs Banks to Reduce Dormant Accounts by Mid-2026
Summary
Nepal Rastra Bank has instructed banks and financial institutions to reduce dormant accounts by mid-2026 and improve customer communication and account management processes.
Key Points
- Nepal Rastra Bank directed banks and financial institutions to reduce dormant accounts by Ashad 2083 (mid-2026).
- Banks must amend the Unified Directive, 2082 to implement measures for reducing dormant accounts.
- Banks should regularly notify customers before accounts become dormant via phone, SMS, or email.
- Banks are required to facilitate easy account closure and reactivation including transferring balances upon closure.
