NRB reduces transaction limits for debit cards
Summary
Nepal Rastra Bank has reduced the transaction limits for debit cards issued by banks and financial institutions, lowering per-transaction, daily, and monthly caps.
Key Points
- Nepal Rastra Bank (NRB) has revised the transaction limits for debit cards under an amendment to the Integrated Directives on Payment System, 2081.
- The per-transaction limit for debit cards has been reduced from Rs. 25,000 to Rs. 20,000.
- The daily transaction limit has been halved from Rs. 100,000 to Rs. 50,000.
- The monthly transaction limit for debit cards has been lowered from Rs. 400,000 to Rs. 300,000, while limits for prepaid and credit cards remain unchanged.
