NRB waives maximum transaction limits on digital transfers to government relief funds

KATHMANDU: Nepal Rastra Bank (NRB) has directed all licensed payment service providers to waive maximum transaction limits on digital transfers to official government relief funds to assist citizens affected by recent floods and inundation across Nepal.

The central bank issued an official circular today through its Payment Systems Department. The decision applies to transfers conducted through mobile banking, web applications and e-money platforms.

Under the direction of Executive Director Nischal Adhikari, the NRB confirmed that the standard transaction caps specified under points 2 and 3 of Directive Number 5/082 within the Unified Directives on Payment Systems, 2082 will not apply to contributions made to designated relief accounts.

To facilitate contributions from individuals and institutions, the central bank has published the complete list of bank accounts established for both the 'Prime Minister Disaster Relief Fund' and the 'Prime Minister Relief Fund'.

For the 'Prime Minister Disaster Relief Fund', contributions can be made to the following accounts:
Rastriya Banijya Bank: 1130100003762001 or 1130100000006006
Nepal Bank Limited: 00211600510039000003 or 00200100510039000001
Agriculture Development Bank Limited: 0100201002907014
Everest Bank Limited: 00100105200270 or 00101102200012
Global IME Bank: 00401010000057 or 00411010000005
Nabil Bank: 1710017505285
Standard Chartered Bank: 01013243801 or 02013243801
Himalayan Bank Ltd: 12005631210039
Laxmi Sunrise Bank Ltd: 1628885410110925

For the 'Prime Minister Relief Fund', contributions can be deposited into the following accounts:
Rastriya Banijya Bank: 1430100000025006 or 1430100001164001

All licensed financial and payment institutions have been instructed to make immediate operational arrangements to implement these uncapped transfer facilities.