NRB asks banks to provide Rs 100 notes through ATM
Summary
Nepal Rastra Bank has directed banks to allow Rs 100 note withdrawals from ATMs ahead of Dashain and Tihar. The move is aimed at easing customer inconvenience and managing rising demand for cash during the festivals.
Key Points
- Nepal Rastra Bank has ordered banks to make Rs 100 paper notes available through ATMs.
- The change is intended to reduce pressure on bank counters and improve crowd management during Dashain.
- NRB says existing stock of 100-rupee notes will be distributed more widely instead of bringing in more high-denomination cash.
- ATM transactions in Nepal currently amount to around Rs 80–90 billion each month.
