NRB raises daily digital wallet deposit limit fivefold for festival season
Summary
Nepal Rastra Bank has temporarily raised the daily deposit limit on individual digital wallets from 10 to 50 transactions during the Dashain, Tihar and Chhath festival periods. Payment service providers must report transaction volumes and values to the central bank for monitoring.
Key Points
- NRB has increased the daily limit on deposits into individual digital wallets from 10 to 50 transactions for the festival season.
- The temporary rule applies from October 17 to 25 and again from November 7 to 15.
- The move is meant to support higher digital payment activity during Dashain, Tihar and Chhath.
- Payment service providers must submit transaction data to the central bank for oversight.
