Nepal Rastra Bank Waives Transaction Limits for Flood Relief Fund Donations
Summary
Nepal Rastra Bank has removed transaction limits for digital donations to the Prime Minister’s Natural Disaster Relief Fund and Prime Minister’s Relief Fund to help flood-affected people. The move allows individuals and organizations to send assistance through mobile banking, web apps, and e-money without technical restrictions.
Key Points
- Nepal Rastra Bank has waived digital transaction limits for donations to two government relief funds for flood victims.
- The decision applies to mobile banking, web applications, and e-money services under the Unified Directive, 2082.
- The central bank published the official account details of the relief funds at several commercial banks.
- People and organizations can now send financial assistance directly to the government funds without amount restrictions.
