Nepal Rastra Bank Removes Transaction Limits for Disaster Relief Fund Payments
Summary
Nepal Rastra Bank has removed transaction limits for payments made to the Prime Minister’s Disaster Relief Fund and Prime Minister’s Relief Fund through mobile banking, web applications and electronic wallets. The move aims to ease donations for people affected by floods and landslides across Nepal.
Key Points
- Nepal Rastra Bank has allowed unlimited payments to the Prime Minister’s Disaster Relief Fund and Prime Minister’s Relief Fund through digital channels.
- The decision was made to support financial assistance for citizens affected by floods and landslides across Nepal.
- Payment service providers and authorized institutions have been asked to adjust their systems accordingly.
